4.6 • 716 Ratings
🗓️ 11 June 2019
⏱️ 6 minutes
🧾️ Download transcript
Today is Tuesday, June 11, and we’re looking at Bank of America vs JP Morgan Chase
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0:49.3 | One, three. |
1:03.6 | The Wondry. I'm David Brown, and this is Business Wars Daily on this Tuesday, June 11th. |
1:09.8 | The humans are coming. The humans are coming. You know, |
1:13.7 | it used to be it was news when real customer service reps were replaced by robots. These |
1:18.2 | days, though, it can feel downright innovative when actual human beings have your back, which is |
1:24.0 | just what Bank of America is about to do. It's launching a wealth management product that combines automated portfolios, |
1:31.4 | which it already offers, with human advice, you know, real people. |
1:36.2 | Called Merrill Guided Investing, the new service aims to attract younger, newer clients. |
1:40.8 | The idea of robo investing was to attract new customers by opening up investing to |
1:45.4 | the average person, you know, not the one who gets whined and dined by private wealth managers. |
1:50.7 | By employing artificial intelligence, companies could shrink their labor and in turn lower both |
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