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NEW YORK – For more than a decade, retail investors have found themselves navigating a constant push-and-pull between technology-powered investment advice and the enduring value of human expertise.
Following the 2008 financial crisis, when trust in traditional financial institutions faltered, robo-advisors emerged as a compelling alternative to human judgement. However, the aftermath of the COVID-19 pandemic and 2022 tech correction soon triggered a sharp reversal in robo-advisor adoption.
Nonetheless, emerging technologies including AI continue to gain traction in financial advisory – increasingly as a complement to, rather than a replacement for, human insight.
Today, U.S. retail investors remain divided on whether they trust AI to provide advice and recommendations, according to our recent survey, conducted by Opinium.
The survey found that only 28% of investors trust the accuracy of AI-generated financial recommendations, and only 26% of investors are more likely to invest on a platform that uses AI, while 40% say they are not.
Download the report + to explore the insights and opportunities, reshaping the future of retail investing.
Methodology
Lansons partnered with strategic insights agency Opinium to conduct a nationally representative survey of 2,000 Americans. The survey was weighted using the latest figures from the U.S. Census Bureau. The study was conducted from September 26th, 2024, to October 1st, 2024.