So you’re curious about how AI is used in Rask? We use advanced technology to make financial advice more accessible and accurate, but we always keep a “human in the loop.”
Our AI Philosophy
At Rask, AI is a co-pilot, not the pilot. It helps our team process data faster and identify opportunities, but every piece of formal advice (like a Statement of Advice) is reviewed by a qualified human adviser.
Where you’ll see AI in action
- Data Summaries: AI helps turn your bank transactions and form inputs into a clear “financial story” for your adviser to review.
- Strategy Drafting: Our AI models help draft initial strategy options based on your goals, which your adviser then refines.
- Document Analysis: When you upload a statement, AI helps extract the key numbers so you don’t have to type them in manually.
Safety and Privacy
- No Public Models: Your data is never used to train public AI models (like the free version of ChatGPT).
- Encryption: All data processed by our AI services is encrypted to the same standard as our main database.
- Australian Context: Our AI is specifically tuned for the Australian financial and tax system.
Limits of AI
AI can make mistakes (sometimes called “hallucinations”). This is why:
- You should always verify the numbers in your Living Profile.
- You should never act on an AI-generated summary without reading the final, human-signed Statement of Advice.