Wealth managers cut fees to win AI’s paper millionaires
AI SummaryAI-generated — verify against the source.Wealth management firms are increasingly lowering fees to attract a new generation of 'paper millionaires' created by the AI boom. This trend signals a shift in competitive strategy, suggesting that advisors may need to re-evaluate their pricing models and value propositions to remain competitive with tech-savvy, high-net-worth clients.
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