AI chatbot, ChatGPT, is creating sensations and breaking barriers in different industries, and even giving financial advice to people. But can it really replace human financial advisors?
Someone in poor health or with medical problems should have an entirely different plan from a person who is healthy, said certified financial planner Carolyn McClanahan.
Financial planning, money management, and investments have traditionally been male-dominated and male-oriented. Even with women excelling in all fields of life and becoming increasingly independent, their financial planning still takes a backseat.
People are storytellers, not calculators. While numbers confound us, stories define us. And yet, this fundamental observation about human nature is largely missed by the wealth management industry, to the detriment of both client and advisor.
Financial advice has traditionally focused on objective financial well-being. However, a new study by AIA Australia has shown that a client's subjective financial well-being is the missing piece of the well-being puzzle.
The Chartered Insurance Institute (CII) is looking to change the way it assesses the R06 financial planning practice unit in an effort to make the tasks more flexible and realistic.
Prudential Singapore has been given the nod by regulator the Monetary Authority of Singapore (MAS) to set up a new financial advisory (FA) firm, promising a wider range of products and services to its customers.
Financial advisers need to understand what clients are looking to achieve and how to take them there and keep them always looped into the process.
Tata AIA Life Insurance has announced the launch of its Emerging Opportunities Fund that will invest in mid-cap companies and emerging market leaders with the potential to generate significant future growth.
About 93% of financial planners intend to increase their fees next year, while funds under advice steadily rises.
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