‘You Asked’ is a series of insights from the boosst team. You, our clients, have a wonderful ability to ask relevant and thought-provoking questions… which are often (but not always!) related to financial planning. boosst is a trusted source of knowledge and independent advice, so it makes sense that you come to us with a broad range of questions – which can vary from ‘Which car should I buy?” to “What’s the best way to teach our children about money?”.
This resource was written by Josh.
You Asked: How will the rise of AI impact my financial plan?
Artificial intelligence (AI) is reshaping the way we communicate, shop, invest and receive healthcare. For boosst clients approaching or enjoying retirement, these innovations promise convenience and personalisation, but they also create new risks and decisions.
To best answer this question, we prepared this white paper to explore how AI will influence our financial lives over the coming decades. We examine AI‑enabled financial services, digital skills, healthcare advances, fraud protection, estate planning, and the assumptions that underpin your financial plan. Throughout, we hope to deliver practical guidance with the usual ‘boosst’ touch.
AI moved from science fiction into daily life faster than most of us expected. Voice assistants now answer questions with ease, our phone cameras recognise us well enough to secure our most important passwords with our Face ID, and online shopping platforms anticipate our needs.
Behind the scenes, algorithms process data to predict our behaviour and tailor marketing messages. Although this technology often feels abstract, it has tangible implications for us in all aspects of our lives. This white paper primarily focuses on the impact we think AI will have on your finances. As a client of boosst, you are likely ‘at’ or ‘entering’ retirement. Our clients range from early adopters who love gadgets to individuals who view technology as more of a chore than a delight. Regardless of your comfort level, AI is likely to influence how you bank, invest, manage healthcare, plan your estate and even interact with future generations. Understanding these changes can empower you to make informed decisions rather than reacting to hype or fear.
Throughout this paper we use plain language and real‑world examples. We also draw on academic research to ground our insights in evidence. Our goal is to help you feel confident about what’s coming and to show how boosst can support you through it.
Click on the image below to download our guide:
Have a specific question about how AI will impact your finances?
If you are a boosst client, please contact your lead financial planner, and we will arrange a call to assist further.
If you are not yet a boosst client but would like to learn more about how we could support you and your family as AI continues to advance, please contact us to schedule an Introductory Call, either by phone (01908 584925) or email hello@boosst.financial.