Question
What can we learn from Bill Carmody's interview with financial advisor Jay Hummel about the future of financial advising?
1 answer · 0 votes
Bill CarmodyJay Hummelfinancial advisingfuture
Answer
From Bill Carmody0 votes
From the conversation with Jay Hummel, a few big lessons emerge about the future of financial advising:
- Technology will not replace great advisors, it will expose mediocre ones. Robo tools will handle basic investing and planning, so human advisors must deliver higher‑level thinking, not commoditized services.
- The real value shifts to “return on advice,” not return on investment. Jay highlights five areas clients should feel a tangible return: clarity, confidence, time saved, better decision‑making, and improved life outcomes.
- Advisors win by becoming behavioral coaches and strategic partners, helping clients navigate complex life choices, not just pick funds.
- Firms that integrate tech, streamline operations, and double down on human relationship skills will thrive; those who only “sell products” will disappear.
Which part of that future are you most interested in—becoming a higher‑value advisor yourself, or choosing the right advisor to work with?
