Paige Smith
speaker
25 appearances
1 recordings
1 series
first heard May 2026
last heard 13 May
Paige Smith’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in May 2026 with 1.
Appearances
Yeah, thank you for having me.
So this was an interview that was conducted with the CEO of Charles Schwab, Rick Worster, and he specifically was talking about how the 55-year-old wealth management and investment firm that we all know and love, Charles Schwab, is...
actually kind of extending some of its offers that are traditionally reserved for wealthier clients to sort of folks that are maybe a little bit less affluent.
So specifically, he was talking about extending what are known as – basically extending the –
treatment that is associated with something called a designated relationship to less affluent consumers.
And traditionally, you had to have a million bucks in order to qualify for that designated relationship.
And now using AI, the firm is saying that essentially you will be able to have some of that preferential treatment previously reserved for the wealthy clients only.
I think it's more about using the technology in the advisor context.
But to be completely honest with you, the CEO, Rick Worcester, didn't go into exact detail.
It was more of a conversation of how AI can be used in this wealth management space, which frankly is seeing a lot of turmoil right now or definitely a lot of questions, I would say, as artificial intelligence comes to the forefront here.
Well, I think there's just the question of, you know, do I really need do I really need an advisor if I have a chatbot?
Right.
And I think that the CEO of Schwab Worcester has addressed this in the past.
and essentially said, you know, yes, there will certainly be a need for advisors in the future, and that there have been jitters like this in the past.
You know, think a few years back when the idea of like robo-investing was coming to the forefront, and obviously there are still a number of advisors employed today, but I think there are a lot of questions because of the
power of some of these um artificial intelligence platforms and the agents associated with them they're just working with a lot of information right and like will they be able to you know will advisors still be needed i think are the is the underlying question here
You know, to be clear, I don't think the CEO said that AI will be replacing advisors.
In fact, I know that's definitely what he meant.
That was not what he meant in any context.
But I think it was more of the idea that AI will help advisors do their jobs better.
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