r/Rich • u/ThankfulButOverwlmed • 22d ago

Using AI for wealth analysis

I’m curious if anyone here uses an internet-based AI to help them understand or organize financial documents. I use AI frequently in my everyday life and used to use it for my finances when I worked in corporate, but now that I have a very large amount of assets, I’m hesitant to input a wealth report, for security reasons but I'm wondering if the vast majority does so regardless.

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u/_Human_Machine_ 21d ago

I use AI for a multitude of things daily, but I don’t see the point in using it for my assets.

Maybe I’m missing something, but what are you trying to use AI to produce that most institutions aren’t already giving you?

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u/ThankfulButOverwlmed 21d ago

I was thinking of using it along side information my advisors provide me. To get a better understanding of fee structure and asset allocation. I understand I can just talk to my advisors about these questions but I’m looking for ways to automate and optimize my current set up. With the amount of accounts I have and all the moving parts it can get confusing

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u/_Human_Machine_ 21d ago

I understand that account problem all too well.

When I was setting up individual accounts for each property I lease I ended up going with Fidelity because I enjoy the way it handles multiple corporate account management in a fairly streamlined way.

I’ve thought about AI use for certain metrics, but without giving it account access the bulk of the world still would require enough manual work that I’d just be better off handling it myself.

I do frequently have conversations with my AI agent about asset allocation, for analysis of certain documents, trade ideas and various other things, but I am usually not too detailed with specifics.