{"id":841716,"date":"2026-03-22T00:24:18","date_gmt":"2026-03-22T00:24:18","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/841716\/"},"modified":"2026-03-22T00:24:18","modified_gmt":"2026-03-22T00:24:18","slug":"weekend-reading-will-ai-replace-financial-advisors","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/841716\/","title":{"rendered":"Weekend Reading – Will AI Replace Financial Advisors?"},"content":{"rendered":"

Weekend Reading \u2013 Will AI Replace Financial Advisors?<\/p>\n

Welcome to a new Weekend Reading edition about AI, replacing financial advisors. A take on that in a bit.\u00a0<\/p>\n

Here are some recent posts in case you missed them:<\/p>\n

During my vacation in Belize, I wondered what the best asset allocation is entering retirement.<\/a><\/p>\n

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The Best Asset Allocation Entering Retirement<\/a><\/p>\n<\/blockquote>\n

I just posted our latest montly dividend income update<\/a> \u2013 a projected income forecast for the year.\u00a0<\/p>\n

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February 2026 Dividend Income Update<\/a><\/p>\n<\/blockquote>\n

Weekend Reading \u2013 Will AI Replace Financial Advisors?<\/strong><\/p>\n

\"Weekend<\/p>\n

Headlining this Weekend Reading theme is this post from Ben Carlson:\u00a0Will AI Replace Financial Advisors?<\/a><\/p>\n

To a point \u2013 would be my answer.\u00a0<\/p>\n

Like Ben, including what I wrote about just a few months ago on the rise of FinFluencers,<\/a> AI is going to provide more financial planning tools to the personal finance toolbox.<\/p>\n

This is a win.<\/strong><\/p>\n

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Weekend Reading \u2013 The Rise of Finfluencers<\/a><\/p>\n<\/blockquote>\n

DIY investors who are keen to learn how to save, invest and mind their taxes over time, may or may not use a financial planner let alone a fee-only planner anyhow. They would much prefer to improve on their own using lower-cost self-directed solutions and arguably on their own terms without the biases to grow a client base or assets under management charging 0.5%-1% (or more).<\/p>\n

There is also a win for the wealth manager or wealth management firm in that they can automate more tools for their wealthy clients.\u00a0<\/p>\n

As Ben wrote: \u201cThere doesn\u2019t necessarily have to a zero-sum game with winners and losers.\u201d<\/strong><\/p>\n

Back to the subject of Finfluencers for a moment, in my letter to OSC (Ontario Securities Commission) staff notice related to guidance on how securities laws apply to the activities of social media financial influencers (finfluencers<\/strong>) and to registrants and issuers who work with them \u2013 I can share my thoughts on AI and this subject in the following way.<\/p>\n

(A letter that I took time to write but never got a reply or even a simple acknowledgement, unfortunately.)<\/p>\n

Here is part of that letter from December 2025:<\/p>\n

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\u201cIn many cases, finfluencers offer a form of accessibility, trend-sharing, general information and in some cases when the individual is diligent, valuable financial education that traditional channels have simply failed to provide.<\/p>\n

Some finfluencers have achieved financial independence themselves, at an earlier age than most, offering proof that self-directed investing in Canada can be very successful when approached thoughtfully.<\/p>\n

While some finfluencers are democratizing access to financial information\u2014sharing information and progress in this regard comes with trade-offs and risks to safeguard against. This can be especially true when a few \u2018bad apples\u2019 may ruin the progress of a well-intentioned bunch.<\/p>\n

Investors must be encouraged to think critically, cross-reference any notion of advice with reputable sources, and, when necessary, consult credentialed professionals for tailored, personalized decision-making.<\/p>\n

In my opinion, the key is not to avoid finfluencer content entirely, but to consume it as part of a broader, more holistic financial education strategy while maintaining appropriate skepticism about sources, motivations, and the limitations of accessing information from anywhere, anytime in our modern age.<\/p>\n

Ultimately, Canadian investors will be far better served where there is a broader menu of tools and solutions that vary in scale and cost for everyone without the reliance of just a professional community of folks that may or may not put client needs first \u2013 rather, they focus on the business they operate in or the business mandates they serve.\u201d<\/p>\n<\/blockquote>\n

I welcome your thoughts on AI, FinFluencers and again, anything else on this site. I read everything. \ud83d\ude42<\/p>\n

Weekend Reading \u2013 Beyond Will AI Replace Financial Advisors?<\/strong><\/p>\n

How much do you have in your TFSA?<\/p>\n

CRA says you\u2019re in the top percentile if you have more than $200,000 in your account.<\/p>\n

Thanks to @Dividend_Dog for this. Source: https:\/\/x.com\/Dividend_Dog\/status\/2033024884209586302<\/p>\n

\"\"<\/p>\n

Is tipping culture out of whack?<\/strong><\/a> Might be.<\/p>\n

The default option for a recent dinner I went out for was starting at 20%.\u00a0<\/p>\n

From the article:<\/p>\n

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\u201cLingering frustration among those polled is increasingly shaping consumer behaviour:<\/p>\n<\/blockquote>\n