This study assesses the potential ramifications of artificial intelligence (AI) advancements on the financial sector, particularly concerning the demand for human financial advisors as AI technology progresses. The recent advancement in AI-Robo advisors has brought to light the possibility of AI posing a challenge to the traditional role of financial advisors, which has historically relied on the unique emotional intelligence of human professionals. The survey was conducted through a survey of 672 responses, with insights into their perspectives on hiring financial advisors and their trust levels in AI replacements. A significant classification model is developed to understand the impact of AI in future advisory services using Chi-Square Automation and Detection Method (CHAID). The 2 quantitative analysis indicates the perceptions and attitudes of respondents towards the coexistence of human advisors and AI models in financial advisory services. This study seeks to ascertain the potential impact of AI advancements on the demand for human financial advisors. Keywords: Artificial Intelligence, Robo-advisor, Human Financial Advisor, Insurance Sector