Скачать или смотреть AI's impact on wealth management | the advisory

Mark Papendieck of DASH Technology Group highlights the transformative impact of AI on wealth management. Mark points out the dual nature of AI, offering both opportunities and threats. He mentions AI’s potential to change business structures fundamentally and stresses the importance of understanding what AI can replace, augment, or preserve.

Mark notes the speed at which AI is changing industries, faster than previous technologies like the internet. He highlights the necessity for businesses, especially in finance, to adapt quickly or risk being left behind. Mark considers personalised advice and client engagement as areas where AI can save time and improve service.

He argues that while AI won't replace financial advice entirely, businesses should focus on aspects that require human touch, like family dynamics or ethical considerations. This human factor ensures long-term client relationships, making it crucial for companies to invest in these areas to maintain their competitive edge.