Financial advisors expect 2024 to be much like 2023 — which is to say, unstable. Volatility, inflation, rising interest rates and geopolitical tumult hurt wealth managers’ revenues and left them with deep concerns for the coming year. To handle it all, advisors mostly plan to do what they often tell their clients to do: Stay the course. Find out exactly what that means in terms of practice management, fee structures, workplace culture and other issues. A notable exception: artificial intelligence. Most advisors express optimism about the new technology and are willing to experiment with it.
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