Michael Kitces: Why Chat GPT Complements (Not Replaces) Advisors

The rapid emergence of artificial intelligence and Chat GPT specifically has raised a bunch of fresh questions about the role it will play in financial advice, and how it will impact the work and role of financial advisors moving forward.High-profile advisor Michael Kitces—the “Chief Financial Planning Nerd” at Kitces.com, Head of Planning Strategy at Buckingham Wealth Partners, Co-Founder of the XY Planning Network and face of the popular “Nerd’s Eye View” financial planning blog—has an interesting perspective on the topic of AI in financial planning and shares it with us on this episode of the 401(k) Specialist Pod(k)ast.Kitces recently posted a blog titled, “Why Chat GPT is No Threat to Real Advisors,” and here he expands on thoughts behind why advisors should not fear artificial intelligence, but embrace it for how it can save time and create efficiencies.