STANDARD DEVIATIONS PODCAST: Jason Pereira – The Future of AI in Wealth Management

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This week on the Standard Deviations podcast, Dr. Daniel Crosby is joined by Jason Pereira, Partner and Financial Planner at Woodgate Financial.

Jason is first and foremost a financial planner who has lived and breathed topics related to financial planning for over 20 years. In that time he has become a recognized writer, commentator, speaker, podcaster, teacher and expert in the areas of financial planning, practice management and fintech. He has also obtained two degrees, nine professional designations, been nominated for or won over 30 industry awards, and produced over 100 articles, podcasts and interviews. JasonPereira.ca is his conduit for sharing his thoughts, views and learning that he has amassed over the years.

Tune in to hear:

  • What are the 3 primary types, or thresholds, of AI and where are we headed next in this burgeoning field?
  • What is “general purpose AI” and how does it differ from models like ChatGPT? What about “artificial super intelligence?”
  • Why is the developing world, on average, more optimistic about AI than the developed world? Will our pessimism in the west around AI hamper our ability to compete in the race for AI?
  • How, practically, can advisors start implementing AI to better their practice?
  • What are some of Jason’s favorite AI tools he has discovered?
  • How good are current AI marketing tools and where could they improve?
  • What does the deeply personal future of financial planning look like and how will AI augment our ability to build out bespoke approaches for each client?
  • What are some of the first things that will be taken off advisors’ plates by AI and what processes will remain firmly human-first?
  • Will AI free us up to serve way more clients than we have previously?
  • How should we think about the ethical piece of AI in a way that doesn’t totally stifle innovation?

Compliance Code: 0623-OAS-3/11/2024


ABOUT STANDARD DEVIATIONS PODCAST:

Educated at Brigham Young and Emory Universities, Dr. Daniel Crosby, the personality behind STANDARD DEVIATIONS podcast, is a psychologist and behavioral finance expert who helps organizations understand the intersection of mind and markets.

Dr. Crosby’s first book, Personal Benchmark: Integrating Behavioral Finance and Investment Management, was a New York Times bestseller. His second book, The Laws of Wealth, was named the best investment book of 2017 by the Axiom Business Book Awards and has been translated into Japanese, Chinese, Vietnamese and German. His latest work, The Behavioral Investor, is an in-depth look at how sociology, psychology and neurology all impact investment decision-making.