#453 – Kostas Stylios – Financial Advisor or Wealth manager?

Financial Advisor or Wealth manager? 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.Summary of the PodcastKostas joins the discussionKostas 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. Exploring the active vs. passive investing debateThe conversation shifts to the debate around active versus passive investing strategies.Kostas and the hosts discuss the pros and cons of each approachThese include: the higher fees associated with active management and the potential for active funds to underperform their benchmarks. The future of financial advice and the role of AI 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. Clips from the Podcast 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.mp4Testimonial https://thenext100days.org/wp-content/uploads/2024/11/Kostas-Stylios-Testimonial.mp4The Next 100 Days Podcast Co-HostsGraham Arrowsmith 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 Appleby 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