Overview

• An eToro survey of 11,000 retail investors found 13% already use tools like ChatGPT or Gemini to choose or adjust holdings, with about half saying they would use AI for such decisions.
• Market researchers project robo‑advisory revenues will surge from $61.75 billion in 2024 to $470.91 billion by 2029, signaling rapid expansion of automated finance services.
• Intuit Credit Karma reports two‑thirds of people who sought AI money guidance acted on it and 80% of those say it helped, yet a majority also acknowledge making at least one poor decision.
• Use skews young: roughly 82% of Gen Z and millennial AI users rely on it most for money guidance, with tasks spanning budgeting, savings optimization, taxes, and investing, surveys show.
• Tests and regulators flag limits—one review found 35% of finance answers incorrect and Utah’s securities chief advises treating chatbots as tools and turning to licensed professionals for personalized advice.