Articles of Interest
WealthTechs lead the charge with technology-driven solutions, though banks are catching up
- WealthTech companies are readying themselves for the new wealth flows through strong advisory algorithms to personalize asset allocation recommendations and asset rebalancing based on customers’ investment profiles (such as goals and risk), low advisory costs as a result of the limited human interaction required, and full transparency on asset holding and control over the invested portfolio (for example, unlimited withdrawals or transfers and free exit fees).
Investors, boards, and management teams are looking for banks to demonstrate differential value from technology.
How banks can extract greater value from their technology spending—and demonstrate that value to stakeholders—by shifting the way investments are allocated and driving outcome-based execution.
AI is bigger than the Internet
Steve Ballmer, former CEO of Microsoft, has expressed that artificial intelligence (AI) will significantly transform the world. Elon Musk, CEO of Tesla, is actively developing humanoid robots known as Optimus.
Both Ballmer and Musk recognize AI's potential to revolutionize industries and daily life.
Warren Buffett on philanthropy
Warren Buffett offers 'suggestion for all parents' in 2024 Thanksgiving letter: 'My dad did the same with me'
Story by Tom Huddleston Jr.