AI

AI in 2025: Revolution, Evolution or Disillusion?

2025-05-14T19:40:00-04:00

AI in 2025: Revolution, Evolution or Disillusion? by Jeff Nash, Founder & CEO, BridgeMark Strategies Published April 1 on AdvisorHub When it comes to AI, the future is now. Tech visionaries (not to mention a wealth management industry that’s facing a 100,000 financial advisor shortfall) are placing heavy bets on AI and its potentially transformative ability to enhance productivity. There’s good reason for it. AI is already driving efficiency gains, with its algorithms helping financial advisors get more done more quickly in areas including marketing, risk management, data analysis, and model portfolio creation. Studies show that current generative AI and other technologies have the potential to automate work activities that currently occupy 60 to 70 percent of employees’ time and that half of today’s work activities could be automated between 2030 and 2060. Should these forecasts come to pass, the impact on a relationship-centric industry such as wealth management cannot [...]

AI in 2025: Revolution, Evolution or Disillusion?2025-05-14T19:40:00-04:00

Is Wealth Management Counting its AI Eggs Before They’ve Hatched?

2025-05-14T19:33:40-04:00

Is Wealth Management Counting its AI Eggs Before They’ve Hatched? by Jeff Nash, Founder & CEO, BridgeMark Strategies Published March 4 on AdvisorHub Like all industries, wealth management has its challenges. One that has been looming large for years concerns demographics: there is a stark – and demonstrable – decline in the number of financial advisors: the industry currently has more advisors age 80 and above than under age 30. A recent McKinsey study has verified what such long-known demographic trends have forecast: the industry is on the cusp of a profound financial advisor shortage. This, combined with the expected growth in demand for financial guidance spurred by The Great Wealth Transfer, is set to create a concerning imbalance in the industry. It’s a conundrum that when put against a backdrop of heightened client expectations for custom support, will have financial professionals scrambling to deliver optimal service to their clients.......Read [...]

Is Wealth Management Counting its AI Eggs Before They’ve Hatched?2025-05-14T19:33:40-04:00

What RIA Consolidators Will Be Looking For in 2025

2025-02-06T15:36:05-05:00

What RIA Consolidators Will Be Looking For in 2025Bigger is better only when growth is good. by Jeff Nash, Founder & CEO, Bridgemark Strategies Published February 4 on wealthmanagement.com This year is poised to usher in a number of changes within the wealth management industry – some inconsequential, others impactful, most somewhere in between. For example, industry-wide concerns, including the demographics-driven shortage of advisors and increased demand for advice resulting from the Great Wealth Transfer, will give rise to innovative solutions that deliver personalization at scale. Many things will remain the same, such as the outsized role private equity continues to play within the RIA M&A space (within a strong macroeconomic ecosystem, it could surpass last year’s impressive numbers). However, I do anticipate a shift in PE’s approach to dealmaking. The nature of consolidation in our industry is changing.......Read More

What RIA Consolidators Will Be Looking For in 20252025-02-06T15:36:05-05:00

AI in 2025: The Known Unknown

2025-01-09T14:54:13-05:00

AI in 2025: The Known Unknown by Jeff Nash, Founder & CEO, BridgeMark Strategies Published January 5 on AdvisorHub Ah, the possibilities! Excitement about the potential that comes with the dawn of a new year is common – and sometimes that potential turns out to be exaggerated. But I believe those looking forward to all that 2025 will bring may actually be onto something … particularly in the wealth management space. I expect 2025 will be remarkable for our industry in a number of ways. We’ve got a new, business-friendly power base in Washington D.C. The Republicans in charge of both the executive and legislative branches are expected to take a look at regulatory restrictions in place and loosen the reins. Whether this is a positive or negative depends on your vantage point and time horizon. We’re in the early stages of the great wealth transfer that is already transforming [...]

AI in 2025: The Known Unknown2025-01-09T14:54:13-05:00

FINTECH VIEWS: 2024 – The Year of AI Escalation

2024-12-02T21:02:39-05:00

FINTECH VIEWS: 2024 – The Year of AI Escalation by Jeff Nash, Founder & CEO, BridgeMark Strategies Published November 24 on Digital Wealth News As we prepare to close the book on 2024, many of us will reflect upon what happened during the year, why it mattered and what it may portend. I’m one of those people. However, for me, this exercise is always more forward-looking than nostalgic. 2024 has had a number of noteworthy events – from a pivotal U.S. election, to the 33rd Olympiad in Paris, to geopolitical unrest. What among them will your descendants still be talking about in 50 or 75 years? That’s a tough question to answer, and also a fun one to consider as 2025 beckons. I find myself categorizing items into two distinct silos: events so impactful, they served as a line in the sand, effectively demarcating what came before and what came [...]

FINTECH VIEWS: 2024 – The Year of AI Escalation2024-12-02T21:02:39-05:00

2023: The Year of Scale

2024-02-01T20:31:02-05:00

New beginnings, especially ones dictated by the passage of time – such as the start of a new year – often prompt both reflection and anticipation, as we look back upon the past and also consider what’s ahead. How will historians look back on 2023? Perhaps more importantly, how will we, as active participants in the wealth management industry, view the challenges, opportunities and outcomes of the past 12 months? Rising interest rates proved to be a double-edged sword for financial services as the increased cost of capital tamped down M&A activity and upended the regional banking sector but also put additional dollars at the disposal of broker-dealers via cash sweep programs. Artificial intelligence (AI) went mainstream in the space as professionals tasked with duties from marketing to compliance relied more and more on advancements in this revolutionary technology to create efficiencies and build scale. Scale … While Taylor Swift [...]

2023: The Year of Scale2024-02-01T20:31:02-05:00

Succession Planning in an Age of Demographic Change, Active Aggregators and Private Equity

2023-09-11T19:23:25-04:00

You are probably familiar with the adage “Failure to plan is planning to fail.” It’s as true today as when Benjamin Franklin first said it. Of course in order to have a plan, you need to have options to consider. And, right now, when it comes to succession planning in the wealth management space, choices can be limited for financial advisors who are considering a succession. For all the worry surrounding the potential impact of artificial intelligence on wealth management, demographics may prove to be the real disruptor for the industry. You have most likely seen the statistics that bear this out: the average financial advisor’s age is 58. Almost 40% of financial advisors are planning to leave the industry in the next 10 years. Upwards of 70% of advisors don’t have a succession plan. There are more advisors over age 80 than under age 30. That’s a lot of [...]

Succession Planning in an Age of Demographic Change, Active Aggregators and Private Equity2023-09-11T19:23:25-04:00

AI’s Impact: Overblown or Underestimated?

2023-08-02T14:57:39-04:00

If you’ve ever asked Alexa to play Baby Shark 10 times in a row to quiet an agitated toddler or relied on your car’s navigation system to get you where you’re going, you are already on the AI bandwagon. However, as AI’s capabilities grow – seemingly exponentially – so do the concerns about its immediate and long-term effects on our professional and personal lives. Like most industries, the wealth management space has already been impacted by AI. And why wouldn’t it? AI offers productivity, precision and cost efficiencies. It helps businesses operate more effectively, scale more quickly, analyze data more accurately and calculate faster. It’s a tool – a powerful resource that may prove to be a great equalizer, closing the service gaps between large-scale enterprises and their smaller counterparts. The question now becomes one of degree. If past is prologue, technological disruptions like AI are a long-term positive. In [...]

AI’s Impact: Overblown or Underestimated?2023-08-02T14:57:39-04:00
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