In this episode, we're joined by Thomas J. Guidi, CFA, Investment Manager, Co-Chief Investment Officer, and Shareholder, and Dave J. Nienaber, MBA, CPA, CFP®, Financial Planner and Shareholder. Together, they examine the evolving role of artificial intelligence in wealth management, exploring its potential applications and limitations and the importance of balancing innovation with security to better serve clients.
Key Takeaways:
(03:47) AI disrupts industries through automation and innovation.
(06:31) AI improves inventory, customer service, and scheduling.
(09:31) Experimentation with AI for meeting notes and its current limitations.
(13:00) Challenges in using AI for nuanced portfolio rebalancing decisions.
(16:59) The evolving role of AI in tax analysis and multi-year strategies.
(20:29) AI's potential for creating flowcharts for estate planning.
(23:22) Emotional coaching is a human advantage.
(26:37) Security concerns, including deepfakes and ethical standards for AI.
(30:56) Balancing innovation with opportunities and risks.
Resources Mentioned:
Thomas J. Guidi -
https://www.linkedin.com/in/thomas-guidi-cfa-21830952/
Dave J. Nienaber -
https://www.linkedin.com/in/dnienaber/
Foster & Motley, Inc. LinkedIn -
https://www.linkedin.com/company/fosterandmotley/
Foster & Motley, Inc.| Website -
https://www.fosterandmotley.com/
Connect:
info@fosterandmotley.com
+1 513-561-6640
LinkedIn: Thomas Guidi
LinkedIn: David Nienaber
LinkedIn: Foster & Motley, Inc.
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