Open AI's release of ChatGPT brought "generative AI" to the forefront of our minds. GPT stands for Generative Pre-Training Transformers. Generative AI is artificial intelligence that produces content, text, audio, visual, and synthetic data. The data is high quality and mimics human thought processes and capabilities in a matter of seconds.
A $10 trillion generational wealth transfer is predicted for 2025, and it will change the wealth management industry as a whole. Not only is wealth shifting, but expectations around the wealth management experience are changing, too.
With the older generations expected to pass on a whopping $60 trillion to their offspring in the next two decades, a generational wealth transfer is underway..
Rising inflation is costly for consumers and the economy since it raises the prices of goods and services, ultimately lowering the currency's purchasing power..
Technology has become integral in the modern registered investment advisor (RIA) industry. The industry is evolving with new competition and ever-growing challenges..
Exchange-traded funds (ETFs) have emerged as a preferred form of investment for many investors, given the benefits they offer over mutual funds. However, direct indexing has also emerged as a viable alternative to ETFs.