Advisor Interest Grows for ChatGPT Platform

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According to a new report by SmartAsset, the interest in ChatGPT and other forms of artificial intelligence among financial advisors is increasing rapidly. Financial services firms have started implementing AI tech, with Orion Advisor Solutions launching ChatGPT-3.5 series integration with Redtail Speak. SmartAsset surveyed 100 advisors on its SmartAdvisor matching platform, asking if they were currently using generative AI such as ChatGPT in any aspect of their advisory practices. Of the respondents, 27% replied they were using or testing it out in some capacity, while 30% of respondents said they had not used ChatGPT yet but wanted to test it out. In contrast, 43% of respondents answered they were not using ChatGPT or other AI and had no plans to. When asked as a follow-up why they weren’t using AI, 38% of respondents answered they were not comfortable with the technology. Financial advisors are showing a growing interest in ChatGPT, and it may continue evolving and playing a more significant role in the industry.

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Frequently Asked Questions (FAQs) Related to the Above News

What is ChatGPT and how is it related to financial advisors?

ChatGPT is a form of artificial intelligence that financial advisors can implement in their advisory practices to enhance their services.

According to the SmartAsset report, what percentage of financial advisors surveyed were currently using or testing ChatGPT?

According to the SmartAsset report, 27% of financial advisors surveyed were currently using or testing ChatGPT in some capacity.

What percentage of financial advisors surveyed said they had not used ChatGPT yet but wanted to test it out?

The SmartAsset report found that 30% of financial advisors surveyed said they had not used ChatGPT yet but wanted to test it out.

What percentage of financial advisors surveyed had no plans to use ChatGPT or other AI?

According to the SmartAsset report, 43% of financial advisors surveyed had no plans to use ChatGPT or other AI.

Why did some financial advisors who were surveyed say they were not using AI?

Of the financial advisors surveyed who were not using AI, 38% said they were not comfortable with the technology.

What is Orion Advisor Solutions and how is it involved with ChatGPT?

Orion Advisor Solutions is a financial services firm that has launched ChatGPT-3.5 series integration with Redtail Speak, making it one of the AI tech options available to financial advisors.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Aniket Patel
Aniket Patel
Aniket is a skilled writer at ChatGPT Global News, contributing to the ChatGPT News category. With a passion for exploring the diverse applications of ChatGPT, Aniket brings informative and engaging content to our readers. His articles cover a wide range of topics, showcasing the versatility and impact of ChatGPT in various domains.

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