A recent report has uncovered substantial shifts in attitudes and behaviour of UK investors.
The changes highlight the growing trust in financial advice driven by Artificial Intelligence (AI) along with the effect of the cost-of-living crisis on investment decisions,and an unexpected move away from adopting ethical investing.
AI continues to permeate the daily lives of Britons, so it comes as little surprise that it is also having an impact on the UK investment landscape. According to the recent report, 73% of UK investors feel that ChatGPT, the AI chatbot, could provide dependable financial guidance in the future. This trend is notably most common among younger investors and 42% of respondents in this age bracket reported that they had already taken advice from ChatGPT. Furthermore, older investors also expressed openness to AI in the field of finance, with 54% of those surveyed aged 65 and over considering ChatGPT as a viable source for finance advice in the future.
Along with AI, the use of robo-advisors is also a concept gaining traction with UK investors. The report found that 46% believe they represent the future of investing.
While technological solutions are offered today for financial advice, many feel that while they may see increased use in the future, they are not yet able to replace the role of human professional. Agile wealth managers use their years of experience and up-to-the-minute knowledge to monitor their client’s portfolios, pivoting when necessary to keep strategies on track while delivering impartial investment advice in Shropshire, Buckinghamshire and other counties.