WA MAGAZINE JanFeb PDF A - Flipbook - Page 16
WEALTH ADVISOR TV
All This and
Artificial
Intelligence
P
ublisher and chief technocrat Jerry Cooper has been working on
some astounding things to share with the wealth management
community, including a fresh spin on AI and a top-down view on
the industry’s mood. Let’s see what he has to say.
The Wealth Advisor: Start with the
easy part. Everything in our world
revolves around the financial markets.
When the cash is flowing, it isn’t just
the clients who feel happy and expansive. From where you sit, are the bulls
or the bears leading?
Jerry Cooper: Not fantastic but not bad
either. A little lower than Dow 50K,
which means the expectation is “let’s
go.” The Fed is responsive, the tax situation is probably better and definitely
not worse. The mood is good right now.
The industry is definitely getting good
raw material to work with.
Obviously, AI fever is helping to keep
things percolating.
That’s my favorite hobby. And I started
with this a few years ago. The Wealth
Advisor did a big contract with IBM.
We’ve all heard of that name, and
16 | JAN/FEB 2025
everybody’s asked me what’s happening with IBM, and I got to say
I’m disappointed. Big Blue really did
not deliver the Watson that we heard
about. Watson is being very smart,
helping Sherlock Holmes solve those
mysteries, but not ours.
So, I did some searching and I have
found the smartest AI platform in the
entire world. It’s called Anthropic
Claude. And Claude is our new best
friend, man. The engine is great. We are
having our tech people use Bedrock.
Bedrock is the Anthropic cloud that’s
available through AWS–Amazon Web
Services, and it’s powerful. You saw the
demo, right? Tell me, what was your
reaction?
My first reaction was you’re dead
right. Watson won a chess game once
in like, Victorian times, but what has
he done for me lately? Nothing.
Claude actually meets every advisor
where they are, and it knows real
answers, actionable answers. Like
“here’s a platform you might want to
check out,” or “here’s a way to help
your clients save money,” or just “here’s
a better way to live.” So, that turned my
mind around.
You showed me the behind the scenes,
and there are tens of thousands of
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