Discussing how the role of AI in Wealth Management is changing differentiation efforts, Kevin Barr, Independent Board Director, Communify spoke to FinextraTV at the Communify Intelligence Experience. Barr highlighted the need to not just differentiate the human model, but to build specific and relevant models for purpose most relevant to each firm, rather than relying on the same model across firms. Looking at portfolio construction, Barr explained his existing belief that diversification is still highly important and that having an element of stability is crucial to a strong portfolio, but he emphasised that stablecoins are not always, actually, stable. He equally defines an era of democratisation of alternative investments, which he sees as one of the most exciting changes currently unfolding.
