Kitces - Human Connection is the Key for Advisors to Thrive in a World of AI
Key Takeaways:
"Soft skills" continue to become more important as technology advances
Trust, objectivity, and accountability are characteristics advisors offer that AI can't match
Technology has raised the bar for the type of value advisors must provide their clients
This recent Kitces article highlights the importance of advisors in clients' lives, but it also discusses the changes in the type of support clients are looking for as technology advances. You can read the full article HERE
It's interesting to watch the industry change... Asset management has become commoditized and comprehensive wealth management has become the norm. Kitces' article and the research from Jump underscores the shift from what clients wanted 10 years ago vs what they want today. Client psychology continues to become more and more important in an age where so much information and access is at our fingertips. However, you can't put a price on having a "guide" through your financial life.
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At Foundational Income, we strive to bring relevant topics and solutions to your fingertips in a straightforward way. We don’t see the need to keep products nor carriers a mystery. If you’d like to discuss any of this in more detail, give us a call!