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Everyday Wealth

Season 2 Episode 35: The future of personal finance and artificial intelligence

Everyday Wealth

Jean Chatzky

Investing, Business, Education

2935 Ratings

🗓️ 4 September 2023

⏱️ 33 minutes

🧾️ Download transcript

Summary

The rise of artificial intelligence (AI) has raised concerns for some when it comes to their personal finances. In this episode of Edelman Financial Engines’ Everyday Wealth™, Jean and wealth planner Andy Smith discuss the ins and outs of AI, including ChatGPT, and the opportunities and risks that it may present. Then, David Goldberg, senior vice president and chief data and analytics officer at Edelman Financial Engines, joins Jean and Andy to talk about what AI technology is and what it can and can’t do.

Ms. Chatzky receives cash compensation for acting as host of the Everyday Wealth podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners. That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses. The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).

This show is prerecorded and any callers are prescreened.

The information being provided is for informational and educational purposes only and should not be construed as investment advice. Although some of the statistical and market information has been gathered from sources believed to be reliable, we do not guarantee its accuracy or completeness. You should consult with a financial advisor to help determine the best options for your particular circumstances.

This presentation is for informational and educational purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security. All investments have inherent risks. Past performance does not guarantee future results.

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

The views expressed on this program are not necessarily the views of this station.

0:03.0

Content is for educational purposes only.

0:05.0

Consult a financial advisor or conduct your own due diligence if investing.

0:08.0

The show is pre-recorded.

0:09.0

Everyday Wealth is produced and created by Edelman Financial Engines and hosted by Jean Chatsky.

0:12.0

Ms Chatsky.

0:12.6

Miss Chatsky is not an employee or client of the firm.

0:14.8

She receives fixed cash compensation as host and for related activities and therefore has an incentive

0:19.2

to endorse Edelman Financial Engines and its planners.

0:21.3

For additional information, please see W. Edelman Financial Engines. its planners. For additional information, please see

0:22.5

W.W.

0:23.4

Edelman Financial Engines.com slash Everyday Wealth.

0:25.7

The 2022 top 100 independent advisory firm ranking issued by Barron's

0:29.1

is qualitative and quantitative, including assets managed by the firm,

0:31.9

technology spending, staff diversity, succession

0:33.8

planning, and other metrics.

0:35.1

Firms elect to participate but do not pay to be included in the ranking.

0:37.7

Compensation is paid for use and distribution of rating.

0:39.7

Awarded September 2022 based on data within a 12-month period. Investor experience and returns are not considered.

0:44.4

At the intersection of life and money,

0:48.1

this is Edelman Financial Engine's everyday wealth

0:51.3

with personal finance expert Jean Chatsky.

...

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