I haven't used AI for investment advice, but I did use deepseek and google ai overview to prepare returns from my w-2, 1099s for HY savings interest and brokerage account stock sales, and some non-1099 capital gains from previous employer startup equity that didn't come with a form, but AI helped me figure out that it needed to be on an 8949.
I still filed through an online tax help site just to be safe, but when I compared the forms I saw that my AI assisted forms were a 100% match with what the paid service generated. I can't see myself using AI to pick exact stocks, but I assume most value of advisors provide is in telling the uninformed what is normal and safe for their risk tolerance, I imagine a lot of it can be automated pretty simply. The article mentions extraction from Israel and Ukraine as human advisor perks but I doubt anyone but the absolute highest tier clients was getting that sort of service.
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I haven't used AI for investment advice, but I did use deepseek and google ai overview to prepare returns from my w-2, 1099s for HY savings interest and brokerage account stock sales, and some non-1099 capital gains from previous employer startup equity that didn't come with a form, but AI helped me figure out that it needed to be on an 8949.
I still filed through an online tax help site just to be safe, but when I compared the forms I saw that my AI assisted forms were a 100% match with what the paid service generated. I can't see myself using AI to pick exact stocks, but I assume most value of advisors provide is in telling the uninformed what is normal and safe for their risk tolerance, I imagine a lot of it can be automated pretty simply. The article mentions extraction from Israel and Ukraine as human advisor perks but I doubt anyone but the absolute highest tier clients was getting that sort of service.