The Use of Artificial Intelligence in Financial Advisory

dc.contributor.authorMichelini, David
dc.date.accessioned2025-01-29T12:36:31Z
dc.date.available2025-01-29T12:36:31Z
dc.date.issued2024
dc.description.abstract-translatedThis article analyzes the potential benefits and challenges of utilizing artificial intelligence (AI) in financial advisory based on a survey conducted among financial advisors. The results indicate that most advisors perceive AI as a tool capable of enhancing various processes, from data processing to financial planning and client service personalization. The study identifies key areas where AI can reduce administrative burdens, accelerate data analysis, and support better decision-making. However, respondents also expressed concerns regarding data security, the need for more reliability, and the transparency of AI algorithms, which could limit the broader adoption of these technologies. Although AI is a significant advancement, its full implementation in financial advisory will require a balanced approach combining technological solutions with human advisory. This research overviews the current state and highlights potential directions for AI development in financial advisory, emphasizing the need for an ethical framework and transparency.en
dc.description.sponsorshipThis study was conducted as a part of the International Visegrad Fund no 22410207: Innovation of the education process towards implementing AI tools.en
dc.format9 s.cs
dc.format.mimetypeapplication/pdf
dc.identifier.doihttps://doi.org/10.24132/jbt.2024.14.2.60_68
dc.identifier.issn2788-0079
dc.identifier.urihttp://hdl.handle.net/11025/58139
dc.language.isoenen
dc.publisherZápadočeská univerzita v Plznics
dc.rights© Západočeská univerzita v Plznics
dc.rights.accessopenAccessen
dc.subjectumělá inteligencecs
dc.subjectfinanční poradenstvícs
dc.subjectúčinnostcs
dc.subjectzabezpečení datcs
dc.subject.translatedartificial intelligenceen
dc.subject.translatedfinancial advisoryen
dc.subject.translatedefficiencyen
dc.subject.translateddata securityen
dc.titleThe Use of Artificial Intelligence in Financial Advisoryen
dc.typečlánekcs
dc.typearticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
local.files.count1*
local.files.size180730*
local.has.filesyes*

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