Half of Americans expect AI to replace their financial advisor, yet trust remains elusive
A 2026 survey from Credit One Bank found that 51% of U.S. consumers believe AI will replace financial advisors within 10 years, with 20% having already made significant financial decisions based on AI recommendations. However, concerns over data privacy, security, and accuracy remain major obstacles to widespread adoption.
A survey of U.S. consumers by Credit One Bank found that 51% believe AI will replace financial advisors within the next 10 years. Twenty percent of respondents have already made significant financial decisions based on AI recommendations. The survey revealed generational differences, with 31% of Gen Z and 29% of millennials having relied on AI for major financial decisions. Concerns over data privacy and security are major obstacles, with 36% of consumers citing these as top concerns. Only 31% of consumers would feel comfortable sharing all financial data with AI for personalized advice. Men are more likely than women to trust AI with their financial information, with 41% of men saying they would be comfortable sharing their complete financial picture with AI, compared to 25% of women.
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