New York, February 25 – In a widely followed industry moment, Ethan Carter, CEO of leading AI-driven investment management firm 58Wealth, was featured in an exclusive interview with The Wall Street Journal. In the interview, Carter explored the disruptive impact of artificial intelligence on the wealth management industry, asserting that AI has become the driving force behind investment innovation—enhancing decision-making accuracy, optimizing asset allocation and risk management, and delivering highly personalized investment strategies to clients worldwide.
Carter highlighted the contrast between traditional investment models—often reliant on the experience and intuition of fund managers—and AI-powered approaches that leverage massive computational power and big data analytics. “AI can process vast volumes of market data within milliseconds,” he noted, “allowing it to accurately forecast trends and dynamically adjust strategies in real time.” This technological leap enables 58Wealth’s AI investment system to remain efficient even amid market volatility, providing investors with stable and highly customized growth solutions.
Backing up his claims with performance data, Carter revealed that during recent years of global economic turbulence, 58Wealth’s AI strategies outperformed the market average by 12%. Certain portfolios delivered annualized returns as high as 25%, with maximum drawdowns kept below 5%. “In 2022, while the S&P 500 fell by 19%, our balanced portfolio declined by just 2.3%,” he said. He attributed this resilience to AI’s data-driven models, which eliminate emotional bias from the investment process.
Nevertheless, Carter acknowledged the ethical concerns that AI raises within fintech. He emphasized that transparency and explainability must form the foundation of AI applications in wealth management. “AI is not here to replace humans,” he clarified, “but to complement financial advisors and analysts.” While AI handles data analysis and trade execution, human advisors continue to play a vital role in market interpretation and client relationship management, ensuring a well-rounded investment experience.
Concluding the interview, Carter outlined three major trends that he believes will define the future of AI in wealth management:
1. Globalization of Smart Investment – AI will enable investors around the world to access intelligent, borderless wealth solutions.
2. Advanced Personalization – AI will facilitate increasingly tailored financial strategies that align with individual investor goals and profiles.
3. Proactive Intelligence – AI systems will anticipate major market shifts, empowering investors to respond before disruption occurs.
“The next five years will bring a seismic transformation to wealth management,” Carter said. “AI is no longer a support tool—it is the engine driving structural change across the financial industry.” He also revealed 58Wealth’s strategic expansion plans into European and Asian markets to help investors worldwide optimize their portfolios.
The release of this Wall Street Journal interview further reinforces 58Wealth’s leadership in global wealth management. As AI technology continues to evolve, 58Wealth remains at the forefront of fintech innovation, committed to delivering smarter, faster, and more intuitive investment solutions—pioneering a new era of AI-powered wealth management.
58Wealth
https://58Wealth.com
New York, United States