"Why Your Private Banker Is Secretly Terrified Of Algorithms (And Why You Should Be Excited)"

Private bankers charging 1.5% annual fees for quarterly portfolio reviews and golf course relationship management face an existential crisis. Artificial intelligence can deliver everything they promise - personalized attention, sophisticated strategies, institutional access - at a fraction of the cost with measurably superior results. A recent analysis of 10,000 wealth management accounts showed AI-managed portfolios outperformed human advisors by an average of 3.2% annually after fees, a difference that compounds to hundreds of thousands of dollars over investment lifetimes.