Here is Where Wells Fargo Says the Industry is Headed

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Here is Where Wells Fargo Says the Industry is Headed

(New York)

The president of Wells Fargo Advisors, David Kowach, shared his views on the industry yesterday. He says that advisors must embrace technology, bridge the generation gap, and become more professional in order to thrive. While some see technologies, like robo advisors or artificial intelligence, as a threat, Kowach says these may "displace lower-value activities, but not meaningful, deep client relationships and caring". He says it is hard to disrupt advisors who really deeply understand their clients.

FINSUM : Pretty vague and bland platitudes about wealth management, but we thought some of our readers might like to hear them. We do agree that there is a human element to the client-advisor relationship which will be hard to disrupt.

  • wells fargo
  • robo advisors
  • ai
  • disruption

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Wealth Management

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