Wealth Management Must Protect Time for Human Advice | Opinion
Summary
A large amount of wealth, about $83.5 trillion, will move from older to younger generations in the next 20 years. Wealth management companies are merging and using artificial intelligence (AI) to work more efficiently, but this raises questions about whether clients will get better personal advice or less attention.Key Facts
- $83.5 trillion could transfer between generations over the next two decades, according to UBS.
- Wealth management firms are combining and using AI to improve operations.
- In early 2026, the U.S. saw 109 mergers and acquisitions in asset and wealth management, the highest in two years.
- AI can reduce time spent on paperwork and routine tasks for financial advisers.
- More efficiency may let advisers focus on understanding clients' personal financial goals.
- Wealth management is not just about investment returns, but also about supporting retirement, healthcare, family needs, and legacy plans.
- Advisers with too many clients may struggle to give enough personal attention.
- The goal is to use technology to improve advice, not just to manage more clients faster.
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