You are comparing to the almighty, not to the kind of financial advisor most people would find while looking at random. Between those with very high AUM fees, those selling bad vehicles that they get kickbacks for and such, people are basically getting robbed already.
It's not that one cannot get very specific, technical advice that helps, but someone without much financial literacy cannot tell someone doing honest work for a reasonable price from easy to find scammers with a marketing budget. The AI isn't going to get everything right, and it's not going to be easy to send good, proding questions to double check things without sufficient financial literacy, but that boring baseline is miles ahead of what most people get, as it's not trying to deceive you professionally, at least for now.
> the kind of financial advisor most people would find while looking at random
Any regulated financial advisor will still go further and deeper than any LLM.
For example, most (all ?) LLMs won't even consider or ask you about applicable jurisdiction, which could easily end up as dangerous and costly advice.
Will an LLM do a proper client risk assessment ? Probably not.
Will an LLM deal correctly with vulnerable clients or PEPs ? Unlikely.
Will an LLM deal correctly with anything vaguely "complex" or contentious ? Definitely not.
And again, the financial advisor is regulated. Which means you have recourse through the regulator, and the advisor will also have liability insurance.
It's not that one cannot get very specific, technical advice that helps, but someone without much financial literacy cannot tell someone doing honest work for a reasonable price from easy to find scammers with a marketing budget. The AI isn't going to get everything right, and it's not going to be easy to send good, proding questions to double check things without sufficient financial literacy, but that boring baseline is miles ahead of what most people get, as it's not trying to deceive you professionally, at least for now.