Financial advisor Kostas Stylios joins The Next 100 Days podcast to discuss the differences between financial advisors and wealth managers and the conversation moves towards AI and robot-investing.

• Kostas Stylios provides an overview of the key differences between financial advisors and wealth managers.
• He explains that while they often perform similar roles, wealth managers are typically associated with serving a wealthier clientele.
• Meanwhile, financial advisors may work with a broader range of clients.

• The conversation shifts to the debate around active versus passive investing strategies.
• Kostas and the hosts discuss the pros and cons of each approach
• These include: the higher fees associated with active management and the potential for active funds to underperform their benchmarks.

• The group explores the potential impact of AI and automation on the financial advice industry.
• They discuss the possibility of AI-powered “customer-facing devices” that could enhance client engagement and the challenges of maintaining the human element of financial advice in the face of technological advancements.

Difference between Financial Advisor and Wealth Manager

https://thenext100days.org/wp-content/uploads/2024/11/Kostas-Stylios-Difference-FA-and-Wealth-Manager.mp4

Restricted

https://thenext100days.org/wp-content/uploads/2024/11/Kostas-Stylios-Restricted.mp4

https://thenext100days.org/wp-content/uploads/2024/11/Kostas-Stylios-Testimonial.mp4

Graham founded Finely Fettled ten years ago to help business owners and marketers market to affluent and high-net-worth customers.  MicroMailings is his new low risk, done for you marketing solution for companies seeking high net worth leads. He is also founder of MicroYES, a Partner for MeclabsAI, which combines the world’s biggest source of 10,000 marketing experiments with AI. Find Graham on LinkedIn.

Kevin specialises in finance transformation and implementing business change. He’s the COO of GrowCFO, which provides both community and CPD-accredited training designed to grow the next generation of finance leaders. You can find Kevin on LinkedIn and at kevinappleby.com