In the
Media

When Morgan Stanley announced its new generative AI support tools for financial advisors last week, it talked about gaining efficiencies from its notetaking abilities. But those who track the $54 billion financial firm said that its goal is much larger. The announced intent of AI @ Morgan Stanley Debrief, one of a suite of generative AI tools the company is developing for its financial advisors, is to record, transcribe and then summarize key points from the more than 1 million conference calls that Morgan Stanley people hold every year.

My education in the financial world started when I was 18. That was the year I watched my parents’ retirement dreams come crashing down.

Age 65 is a major transition for many individuals as they shift to thinking about retirement and begin to contemplate benefits like Social Security and Medicare. Retirement planning means you’ll have to consider taxes, healthcare, your retirement budget and more. With $1.5 million in an IRA and two Social Security payments to rely on, a married couple should have some flexibility for retirement, but their individual circumstances and how they strategize can make a big difference in their quality of life. Here’s how to think about it.

At a time when social media is being pushed as the premier way to tap into a younger target market, insurance agents are finding that millennials and Gen Z highly value referrals from family members, friends and other consumers.