Shares in financial services companies plunged on Tuesday after launching a new tax planning tool powered by artificial intelligence that promises to get the job done “in minutes.”

LPL Finance plunged nearly 11%, while Charles Schwab and Raymond James Financial Shares of both companies fell more than 9% on concerns that artificial intelligence will next disrupt their industries. Morgan Stanley down 4%.

Tech Platform Altruist Announced for sale Hazel says it “helps advisors develop fully personalized tax strategies for clients by reading and interpreting their 1040s, pay stubs, account statements, meeting notes, emails, and escrow and CRM data and applying deep tax logic to the analysis.”