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Mass Affluent Investors Are Losing Interest in Wealth Managers
By
William Shaw
News June 22, 2026 at 11:29 AM
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What You Need To Know
- These clients now get "something close to private-banking quality from AI," said Debasish Patnaik, a senior partner at McKinsey.
- Human wealth managers keen to show they can do better than AI need to focus their talents on the emotional needs of the truly rich, he adds.
- At UBS, 90% of its advisory teams in the U.S. are already using an internal AI platform to help make them more productive.
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