(WJAR) — Artificial intelligence is revolutionizing so many industries – including investing.

There are online investing platforms powered by AI, but human financial planners are also harnessing this technology to help their clients invest.

“Think about the fact that AI can crunch so much data – quickly – it’s like amazing what it can do,” said Mark Henry, CEO of Alloy Wealth Management. “It can create a tailored investment strategy to what the end user is trying to accomplish.”

In addition to crunching a lot of numbers, AI also helps financial advisors monitor market conditions and portfolios around the clock – allowing them to identify risks and opportunities much quicker.

That being said, there are some pitfalls.

“If we wanted to purchase a new vacuum, we’d do the research, we’d go buy the vacuum, we’re good,” said Henry. “But when it comes to our dollars – our life’s savings – I’m going to have to have a little more than a computer that tells me I’m OK.”

He continued, “I’m going to want some personal interaction, I’m going to want somebody to truly know me.”

Henry said that personal touch can guide AI where it needs to go.

“So think about it this way – it’s like AI can build this great roadmap and it can spot a lot of things that maybe even we may not spot; however, it doesn’t know the person sitting in front of it,” explained Henry. “The more you communicate with it, it helps and it does try to understand it better, but it’s not the same as having a client for 15 years and you know exactly the family – everything they’re trying to accomplish.”

If you do decide you want to invest using an AI-powered computer platform, it’s really important to do your research about the program.

You’ll likely need to hand over a lot of sensitive financial information, and you want to make sure it’s in safe hands.