The rapid adoption of artificial intelligence tools across the financial services and fiduciary sectors presents significant opportunities, but it also introduces legal and regulatory risks that fiduciaries — whether individual trustees, corporate fiduciaries, banks, trust companies, or investment advisers — must carefully evaluate. As the SEC's Investor Advisory Committee has emphasized, compliance with an ethical framework for the use of AI is consistent with the fiduciary duties of advisers, including their affirmative duties of care, loyalty, honesty, and utmost good faith. We highlight four critical areas of risk at the intersection of AI and fiduciary responsibility.