Generative AI technologies unlikely to fully replace financial advisors: Morningstar
Zeta Global [NYSE: ZETA] CEO David Steinberg gives his take on A.I. taking human jobs on Making Money.technologies may have a significant impact on the wealth management industry, but human financial advisor roles are unlikely to be automated away according to one major financial services firm.
Lee Davidson, the chief analytics officer at Morningstar and oversees the firm's analytics and AI initiatives, told FOX Business, "I think the way our company’s thinking about this is that most likely we’re not going to see a lot of advisor roles completely automated away, but there’s definitely going to be, I think, some mix shift in the types of responsibilities or tasks that financial advisors do and how they do them.
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