Perhaps the ideal metaphor for explaining how AI and wealth management go together is the ancient Greeks' two conceptions of time - Chronos and Kairos.
Chronos is the simple measure for sequential time – e.g. clocks and calendars.
Kairos, on the other hand, is a nebulous type of time “an existential temporal experience rich in significant sacred meaning” according to (yes) the NIH.
In the Bible, Kairos is when God intervenes, touching us so deeply we are forever changed.
At its best and not unlike the uber-Chronos atomic clock at NIST, AI supplies the wealth manager with a killer best-of-breed toolkit.
However, great wealth management also has an element of Kairos-like alchemy.
The Kairos of wealth management is the application of the skill-set – AI amped – attuned, full of meaning and again and again SMACK meeting the client exactly where she is on her unique path to prosperity.
In that Kairos-esque moment the advisor and the client co-create A) insights that transform relationships to money, and B) specialized workable strategies for nurturing wealth.
Ultimately, AI is a tool that helps make the magic that much better. AI is not - and likely never will be - the sorcery itself.
