AI and personal finance: Your next financial adviser will be an app – Allison Schrager

AI is transforming personal services, from fitness to financial planning. Allison Schrager's personal trainer, Doug, tailors workouts for her remotely through an app, leveraging technology to deliver high-end services affordably. Similarly, AI-assisted financial advisors are revolutionizing how we manage money, offering customized advice to a broader audience. While technology enhances efficiency, the human touch remains essential in building trust and navigating emotional challenges. The future likely holds a hybrid approach, combining AI precision with human relationships.

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By Allison Schrager

I see a personal trainer five days a week, and I am now in the best shape of my life. I could not have afforded Doug when I was younger — and I wouldn't be able to now, either, but for technology. Doug lives on the West Coast and trains me (and dozens of others) through an app. He programs exercises I like, accounting for any injuries, monitors how hard I work, corrects my form and sends me motivational messages. With AI, he now has the potential to make even more custom workouts for even more clients.

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