INCOME TAX3 Oct 2026
AI threat to financial advisors? It may make money advice cheaper, but what about jobs — EY report answers | Mint
An EY India report says artificial intelligence (AI) can cut the cost of personalised investment advice, so more Indians can get it. It affects women, young professionals, Gen Z and smaller-city households, with over 100 million new investors possible by 2035. Advisors stay relevant, using AI for routine work like profiling and risk checks. Ask your advisor how they use AI.
Key Statutory Highlights
- EY India says AI can reduce the cost of personalised financial advice, making tailored investment guidance reachable for smaller investors across India.
- The report estimates India could bring more than 100 million additional individuals into long-term investing by 2035, including women, young professionals and Gen Z.
- The report says AI should support human advisors, not replace them, by automating routine tasks such as financial profiling and risk assessment.
Actionable Advice for Taxpayers / Founders:Consider asking your existing or prospective advisor how they use AI tools in your portfolio planning, and confirm that a human advisor still reviews the final advice and remains accountable for it.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: