Family offices do not need to choose between ignoring AI entirely and adopting it everywhere at once. A practical middle path exists, and it starts with controlled experimentation. By protecting sensitive information, choosing a well-defined use case, and confirming that the underlying data can actually support it, family offices can see significant benefits from AI without introducing significant risks.

A wirehouse financial advisor recently asked me to run the numbers on his group long-term disability (LTD) coverage. He had enrolled years earlier and looked at the benefit summary, which indicated coverage for 60% of his earnings — a figure that seemed generous enough. What he didn’t check was what that 60% was applied to. 

No one wants to pay more to fly, but travel-hungry US passengers are giving airlines little reason to halt price increases. Air travel demand is holding up and encouraging carriers to raise fares faster and further to make up for soaring jet fuel costs. Once up, prices will likely stay there even after the energy crunch subsides.

This growth is being fueled by massive spending on AI, which isn’t seen slowing anytime soon. Last week, Meta Platforms Inc. boosted its capital expenditure plans for the year. Wall Street anticipates that Microsoft Corp., Amazon.com Inc. and Alphabet Inc. will affirm or raise their AI spending plans when they report earnings this week.

With investor confidence in the artificial intelligence trade under pressure, traders are turning to healthcare stocks for refuge.

Microsoft Corp. will offer buyouts to about 60,000 workers, representing roughly a quarter of its total staff, as part of the company’s efforts to trim costs and retool its workforce for the artificial intelligence era.

Anthropic PBC set itself a challenge by opening its books to prospective IPO investors right after a punishing week for the artificial intelligence trade. When Wall Street took a close look, it generally liked what it saw.

Insurance-licensed RIAs grew fastest as fee-only firms’ asset share fell to 34%, though fiduciary clients report higher satisfaction.

Imagine someone looking into a crystal ball on October 1 and telling you what was about to happen: September CPI data would come in higher than expected, PPI would rise 1.3% (well above the 0.5% forecast), and crude oil would climb $10 in the next two weeks alone.

Knowing how to read the underlying SEC Form 4 filing can help an advisor explain to a client what happened and put the headline in context. This article walks through the explanations and transaction codes that can help an advisor separate routine activity from trades worth investigating further.

At its core, a carry trade is simply borrowing where money is relatively cheap (Japan) and investing where the expected return is higher (U.S.). This strategy captures the difference in interest rates, but it also exposes investors to changes in interest rates and foreign currency exchange rates.

A few months ago, Georgina Long received a message asking her to call a collaborator at Merck & Co. She feared the worst.

Wall Street strategists are warning that declines in shares of AI cloud-computing providers will spill into other corners of the tech trade, potentially dragging the US stock market down to its June lows.

Our higher education system is broken. Families pay a fortune for degrees that do not pay off like they used to. However you feel about the future of advanced degrees, they’re certainly a mispriced asset — a mispricing that started in the market for student loans.

When Australia’s Defence Minister Richard Marles described the seabed as a battlefield at a regional defense gathering in Singapore earlier this year, he was preaching to the converted. The security of undersea cables — which carry more than 95% of data flows and trillions of dollars of daily financial transactions — was already top of mind for the senior military brass, geopolitical analysts and government ministers in the room.

US stocks gained on Monday as investors digest Anthropic PBC’s filing for its initial public offering and look forward to key big tech earnings this week as well as the Federal Reserve’s next decision on Wednesday.

Retail investors who spent the past week loading up on semiconductor stocks at the center of the artificial intelligence trade are getting pummeled amid Thursday’s rout.

Stocks fell on Friday with technology megacaps again trading lower after Thursday’s selloff. Oil prices rose, with the US midterm elections less than two weeks away. Investors were parsing mixed earnings from payments giant American Express Co. for signals about spending and the health of the economy.

Securities and Exchange Commission examiners will step up scrutiny of private fund valuations and artificial intelligence, the latest sign of regulatory concerns about emerging market risk.

This marked the first major deal of its kind and became a blueprint for chip-backed debt that, three years on, is on track to become a trillion-dollar market, eclipsing even the borrowings used to build the data centers housing the chips.

Kalshi Inc. is opening up a new frontier in its rivalry with traditional financial exchanges by pitching the world’s largest banks and hedge funds on a futures market tied to US inflation.

Lockheed Martin Corp. lifted its full-year outlook as the company’s missile systems portfolio was buoyed by rising global defense spending.

It’s become one of the most reliable trades in the stock market as sentiment toward artificial intelligence swings wildly: Whatever AI stocks do, Apple Inc. does the opposite.

Investors are beginning to turn cautious on biotechnology stocks as a rapid rise in Treasury yields dents the appeal for shares of companies that are often viewed as risky all-or-nothing bets on breakthrough medical treatments.

Meta Platforms Inc. leads the tech pack this week, reporting its third-quarter earnings a week ahead of most of its peers. Take that as a sign of confidence, perhaps.

The boom is currently pushing interest rates up in two ways. First, the investment spending is boosting economic growth and straining the nation’s financing capacity. Second, the boom has been accompanied by a buoyant stock market, which is lifting household wealth and bolstering consumer spending.

Being able to recognize one’s blind spots and knowing when to bring in another financial professional can be just as impactful. Identifying where those boundaries exist can help advisors continue to excel in their area of expertise while helping clients build financial plans that strengthen their future.

For the past two years, much of the conversation about artificial intelligence in wealth management has been hypothetical. Will advisors use AI? Will clients accept it? Will firms allow sensitive information to flow through large language models? Regulatory filings show that those questions are starting to be answered.

If you can channel energy into the best working relationship you could possibly have, that’s a good starting place. When it comes to cattiness and gossip, learn to walk away. Don’t do this in anger or as if you are better than they are. Instead, do it quietly and calmly.

A skeptical convert’s story transcends a snapshot and expands into a dynamic before-and-after. It speaks directly to the prospect who hasn’t been won over yet; the prospect searching your website or social channels for a good reason to stop their search.