Insights & Perspectives

Nir Kaissar wrote an opinion piece in Bloomberg that describes how Chatbots are providing financial advice that is as good as or better than human advisers. The bots "emphasized discipline and reinforced the importance of sticking to the plan, like a human adviser would." Since AI bots are ubiquitous, it's hard to find an excuse to not to start investing. However, investing without a financial plan can be costly. In this article I use Schwab data from 2025 that shows how important it is to have a financial plan. The AI bot may help you create a basic plan, but will it keep you accountable and understand your evolving needs? A human advisor will.

Parenting is one of the largest, most dynamic financial commitments you will ever make. A recent Wall Street Journal article highlights how "CEO parents" are hiring whole teams of nannies, assistants, and specialists to manage the day-to-day work of raising kids. While six-figure household staffing isn't the reality for most families, the underlying lesson is universal: the true cost of parenting extends far beyond the basics. Managing these evolving expenses requires a clear, deliberate, long-term financial plan.

Recent articles by Bloomberg and The Wall Street Journal discuss how the individual investor has become a large influence in the markets at the same time the line between investing and gambling has been dramatically blurred. Links to those articles and a brief summary of each can be found in my article.

SpaceX, OpenAI, and Anthropic are targeting IPOs at valuations that would place them among the largest companies ever listed — in record time. SpaceX has been private for 24 years; by contrast, the Magnificent Seven went public within their first seven years on average. What's different now: index providers have adjusted inclusion rules to fast-track these names into the Nasdaq 100 and S&P 500 almost immediately after listing. Most diversified index investors will own all three whether they act or not.

Earlier today Steve Rosenbush from the The Wall Street Journal published an article written about the profound impact AI is having at Lockheed Martin. The firms CIO Maria Demaree is quoted saying “ROI will continue to increase over time, the more we do, the more places we learn how to use it.” I wanted to connect this story to the short article I wrote regarding Citi's adoption of Agentic AI and the webinar by the CFA Institute. There is lots to learn during this fast moving adoption cycle of agentic AI.