Recently, I engaged with an AI team of experts to help them build AI-enabled software products for wealth management firms.When I was approached for suggestions, I was intrigued by what AI could do to wealth management. It helped me learn about the possibilities of AI use in wealth management.Many wealth management outfits in the US have started using AI in their operations and basic level of advice.Even in India, many firms use algorithms to suggest investment options and…
There has been a raging debate about active versus passive funds for many years.John Bogle, the father of index investing, has popularized the concept of passive funds. His idea was simple – most active funds underperform the index in the USA after costs (including taxes) and therefore one should invest in low-cost funds that mimic holdings of an index.These passive funds are also traded on stock exchanges and are known as exchange-traded funds (ETFs).The concept has…