Bloomberg Businessweek Asset Management Executives Cite Technology as Key Driver of Ownership Change
Feb 24, 2025
Kyla Scanlon, a Bloomberg Opinion contributor and author of "In This Economy," discusses the challenges faced by Gen Z amid rapid technological change and economic volatility. She shares insights on how AI is reshaping their career prospects and financial stability. The conversation touches on the generational divide in political views, particularly regarding housing and healthcare issues. Moreover, Kyla highlights the unique anxieties Gen Z experiences, adapting to a world where traditional progress feels increasingly unpredictable.
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Robo-Advisors vs. Human Advisors
- Tim Stenovec expresses comfort with robo-advisors, citing their established asset allocation models.
- He notes that these automated portfolios differ from the personalized service of human asset managers.
AI Model Exploration
- Asset managers are exploring various AI models and LLMs, but no single model currently dominates.
- They face challenges with data quality, architecture, privacy, security, and regulatory scrutiny.
Value of Asset Managers
- Despite the success of passive investing, many clients still value the personalized advice of asset managers.
- This trust factor and the desire for tailored financial guidance contribute to the ongoing relevance of asset managers.
