Unveiling AI's Impact on Financial Planning with Diandra CamilleriIn this episode of Barenaked Money, host Colin White of Verecan Capital Management is joined by Diandra Camilleri, an associate portfolio manager and in-house AI expert. The conversation delves into the role of artificial intelligence in financial planning. They discuss Diandra's observations from a recent survey on Canadians using AI to manage finances and her experiments with AI tools like ChatGPT. The discussion touches on the promise and pitfalls of using AI for investment advice, highlighting both its potential and significant limitations. They also explore broader implications for financial advisors and the industry as AI technology evolves.00:00 Introduction to Barenaked Money00:19 Meet Deandra: AI Expert01:16 AI in Financial Planning: Survey Insights02:24 Exploring AI's Investment Recommendations05:00 AI's Limitations and Surprising Reactions08:43 The Future of AI in Financial Planning15:37 Human Touch in Financial Advice18:31 AI's Popularity vs. Value Fallacy21:24 The Viral Bank Fraud Phenomenon22:02 AI's Role in Financial Advice23:12 The Ethics of Financial Advice26:06 AI's Impact on the Financial Industry27:55 The Future of AI in Finance32:21 Balancing Efficiency and Ethics36:12 Concluding Thoughts and Future Predictions38:43 Final Remarks and Contact Information

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