A recent evaluation of financial advice provided by popular AI chatbots – ChatGPT, Claude, and Perplexity – reveals practical suggestions alongside significant knowledge gaps. While the AI agents offer seemingly useful guidance, experts warn that relying on them for financial decisions carries substantial risk. The shortcomings in their responses could potentially lead to poor investment choices and financial losses for users. The study highlights that these gaps are not immediately obvious, making the danger particularly concerning. Individuals seeking financial advice should not solely depend on AI and should consult with qualified human professionals. This assessment underscores the need for caution when utilizing AI tools for complex financial planning. Ultimately, the results suggest AI is not yet a reliable substitute for expert financial counsel.