Remove Asset Allocation Remove Clients Remove Economy
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Can AI replace wealth managers?

Truemind Capital

AI could eventually take over such tasks: – Investment recommendations based on past performance – Standard asset allocation models taught in theory and even used by many wealth managers – Service aspects regarding operations like transactions, reporting, changes in credentials, etc.

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Transcript: Velina Peneva, Swiss Re Chief Investment Officer

The Big Picture

So it was Pascal then c plus plus, and then I took an economics class and that’s when the lights went off because it was a very mathematical field in many ways, but also with a link to the Rio economy. There’s interesting clients, there’s quite a lot of us partners there. at Wellesley. It’s a small office.

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Transcript: Jeffrey Becker, Jennison Associates Chair/CEO

The Big Picture

They sent you out to clients very early on in your career, and you also got people management skills pretty early on. And as a result, I got hired away by one of Anderson’s clients, which was Aetna. It’s, you know, just well-known quality firm, strong results, impressive client roster.

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Financial market round-up – Jul’25

Truemind Capital

In Q1’25 US Economy contracted at a rate of 0.5% We are advising clients to avoid fresh property purchases at this stage. Truemind’s Model Portfolio – Current Asset Allocation Personal Finance Capsule: Changing world order and what you should do? annual rate, the first negative reading since Q1 2022.

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Transcript: Steve Laipply, Global Co-Head of Bond ETFs at BlackRock

The Big Picture

Steve Laipply : Yeah, so I, I think that group, the idea was to work with institutional clients to really help them manage risk, right? You need to get those assets allocated, you know, on a risk basis. And so that caused a general rethinking of the way the economy is going to move going forward. They are, yeah.

Portfolio 130
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Transcript: Lisa Shalett, CIO Morgan Stanley

The Big Picture

She was CIO at Merrill Lynch Asset Management, and now CIO at both Morgan Stanley Wealth Management and runs their asset allocation models and their outsourced chief investment officer models. I knew that I wanted to work with clients. All the clients were getting proprietary Sanford Bernstein asset Management product.

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Transcript: Richard Bernstein, CEO / CIO of RBA

The Big Picture

My biggest client turned out to be the Merrill Lynch Investment Strategy Group. Went back and got my MBA, and after a while, without sounding stupid about this, realized I was a, I knew more about this stuff than many of my clients did. But the heart of the firm was still on the private client side for any number of strategic reasons.

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