AI is a powerful tool for financial fact-finding and brainstorming. But for now it can’t replace the human element.
Articles on financial advice
Displaying 1 - 20 of 35 articles
The higher the stakes and the more specific the questions, the more likely AI will stumble on personal finance advice.
An ex-financial adviser shares her tips on spotting dodgy advice, as thousands of people wait to see if they’ll lose more than $1 billion in super.
Regulators suspect some social media accounts have broken the law by giving unlicensed financial advice. Here’s how to avoid them.
Financial advice will always be more useful to those who can use super to minimise tax, but even households with small balances should seek guidance.
The average cost of personalised financial advice is way above what most Australians are willing to pay. Could new options to access advice through super reach those left behind?
Nudge theory is used in many sectors but can be particularly helpful in getting people to actively engage in decisions affecting their savings and investments.
When money is entangled with relationships, it can often become a tricky situation.
AI tools could help you to learn more about investing in shares and other financial markets – but it’s not a perfect solution.
Five years ago, Australia had 28,000 financial advisers. Today there are 16,000. So where can you get financial advice? A new report offers a good answer – and it’s something I used to argue against.
On Friday the government will receive a report likely to recommend a requirement for advice in a client’s “best interests” be replaced with a requirement to give mere “good advice”.
Lowering education standards for financial adviser will do nothing to give the community more confidence in the industry.
As a former financial counsellor and former consumer credit educator for ASIC, here’s what I think you need to know if you’re considering mortgage deferral, rent relief or bankruptcy.
The unintended loophole allows some people to keep their income and cut the tax rate on some of it to 15%.
Recent experimental results suggest that distortions in the perception of wealth are linked to fast, inattentive thinking.
The system brought in by the government to advise retirees since the 2015 reforms may actually be making things worse.
Research suggests that the reason people may put off funding their 401(k) plans or managing credit card debt is because our perception of finance as ‘cold’ conflicts with our hot-blooded emotions.
While codes of conduct in banking may help, the tsunami of financial regulation over the past few decades has swept aside much of the sense of personal accountability.
Research shows investors could have been misled just by the order of information in financial reports.
Robo-advice might prove most useful to those who need it the most, making them feel more competent and in control.
Top contributors
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Professorial Fellow, University of Canberra
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Associate Professor in Finance, University of Canberra
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Professorial fellow, Monash University
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Teaching fellow, The University of Melbourne
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Discipline Head of Finance and Financial Planning, Griffith University
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Professor of Public Policy & Law, Centre for Governance & Public Policy, Griffith University
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Senior Lecturer in Financial Services, Glasgow Caledonian University
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Professor of Applied Economics, University of Canberra
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Post-Doctoral Fellow in Cognitive Psychology, University of Tasmania
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Associate Professor of Marketing, University of Florida
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Associate Professor - Department of Accounting and Corporate Governance, Macquarie University
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Vice Chancellor's Fellow at Victoria University and Adjunct Professor of Economics, Victoria University
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Economist, Data61, CSIRO
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Research Scientist, CSIRO
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Senior Lecturer in Accounting, Macquarie University