Distinguished guests, ladies and gentlemen, good morning.
It is a pleasure to join you today. The title of my remarks contains a proposition that I would like to put to you this morning. In a world where artificial intelligence (AI) increasingly commoditises information, the scarce asset is no longer information. It is judgment.
Think about what has traditionally made a successful private wealth manager. Access to information. The ability to analyse it. Experience in constructing portfolios. And, above all, the judgment to advise a client what to do.
AI is beginning to change that equation. Information that was once difficult to obtain is available instantly. Analysis that once took hours can be completed in seconds. AI can draft financial plans, analyse portfolios, prepare investment rationales, and automate significant parts of client servicing.
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