[lchengify]

FWIW, I don't think the author is talking about executives. I think he's talking about people on the level of ultra high-net-worth individual (UHNWI). People with roughly $30m or more in investable assets.

People like that prefer to be focused on exactly whatever their building, and babysitting the money is rarely that thing. They often approach their private wealth manager with a broad plan on goals, and the PWM goes out and executes them with light direction. There are lawyers and accountants in the loop as well, all working on paper to manage the cash pile. It's a long term, multi-generational relationship that often involves multiple parties, one of which is often some or many governments.

In addition, the PWM in this position prefers to get the client directly on the phone when possible. This is both to manage the relationship, and to sell novel finance products, often ones that aren't available on the open market.

Until we get AGI, it's just not quite there to be outsourced to AI. People at that level really prefer having a person be responsible.