The Algorithmic Alpha: How AI is Rewriting Wealth Building
The Algorithmic Alpha: How AI is Rewriting the Rules of Wealth Building Picture this: It's 3:47 AM, and while you're sleeping, an algorithm is analyzing 10,000 data points about your portfolio. In milliseconds, it executes a tax-loss harvesting strategy that would take a human advisor hours to calculate. Welcome to the new frontier of wealth management, where artificial intelligence isn't just a tool—it's becoming the player that's rewriting the entire game. The wealth management industry just experienced its "iPhone moment." On February 10, 2026, fintech disruptor Altruist unveiled "Hazel," an autonomous tax-planning AI agent that triggered a sector-wide sell-off. Charles Schwab dropped 8.8%, Raymond James fell 8.5%, and LPL Financial declined 8.4% in a single day. The message was clear: the old guard is facing an existential threat from what industry insiders call "algorithmic alpha"—the edge gained by using AI to exploit pr...