“ChatGPT, help! I Am in Financial Trouble” – Why Wealth Management Banks Beat AI Every Time
Wealth management banks may be the hidden heroes in a world where AI is becoming increasingly prevalent. As a recent journal article demonstrated, AI can handle data and automate processes – but the value of human touch in wealth management is unparalleled.
In this article, I explore why wealth management banks excel where AI falls short, highlight the importance of empathy, trust, holistic financial planning, regulatory navigation, and personalized client education.