-
Will AI Replace Financial Advisors?
A reader asks: Technology has made investing easier (indexing, direct indexing, robo advisors, etc.). With AI in vogue right now, what does the RIA space/ financial planning look like in another 20-30 years? Will there still be a human need to hold hands/talk you off a ledge, or will the only human interactions be those maintaining the tech behind the scenes? No one knows for sure how AI will transform our lives but speculation is running rampant right now because the possibilities seem endless. ChatGPT is the first breakthrough technology in a long time where anyone using it gets it immediately. It’s still early days but you can already get…
-
South Dakota CIO says state needs $70M to replace financial system
For the duration of a presentation to the South Dakota legislature Thursday on the status of ongoing and forthcoming IT assignments, Main Data Officer Jeff Clines stated that it will charge $70 million to swap the Bureau of Finance Management’s critically out-of-date financial process. This financial technique, which processes transactions like payroll and contracts, is just one particular element of the state’s technology that desires modernizing, Clines claimed. Such as the economic method, Clines reported there are 638 applications — out of additional than 1,200 overall that the South Dakota Bureau of Information and facts and Telecommunications supports — that are on a “brittle list,” indicating the technological innovation is…
