New advisor tech tools 'will blow your mind'
Artificial intelligence will become capable of stock picking “faster than you think,” Jamie Price, president and CEO of Osaic, tells ThinkAdvisor in an interview.
In fact, he argues, “if you’re running money algorithmically … you can set up rules and do it today.”
Price has led Osaic (formerly Advisor Group) since 2016, when the firm was taken private after acquisition from AIG. In 2023 it rebranded as Osaic. Assets under administration are more than $700 billion.
In the interview, Price emphasizes the worldwide Fourth Industrial Revolution now underway. In financial services, the biggest changes are largely in the productivity area, he says.
Those changes will be enabled further by powerful new tools for advisors, some of which “will blow your mind,” he says in the interview.
At Osaic’s future-themed NXT conference in May, the large wealth management company featured time-saving productivity tools for FAs, such as Jump AI and Zocks. Price explains both in the interview.
He joined the industry in 1983 as an EF Hutton trainee and rose to be president and COO of Prudential Securities and UBS head of wealth management advisor group - Americas.