We are only a few minutes away from the market open and evaluation fears shifting back into focus yesterday as the Wall Street Journal reported that opening I missed on its own revenue expectations.
Also on AI key software names remain down double digits this year due to AI disruption fears and elsewhere when it comes to investing, we're starting to hear about the greatest transfer of wealth in history.
Up to $124 trillion could be handed from. boomers to millennials and Gen Z and investment priorities could shift towards private markets, alternatives and thematic strategies.
We're joining us this morning to weigh in is Amar Ahluwalia, CEO and co-founder of OneVest. great to have you here.
Thank you so much for joining me to be here.
Well today is a big day for big tech given the fact that we will be getting earnings after the close.
But when it comes to polyps, tell us what's really happening.
I think you're seeing a divergence of a couple of things happening historically, Sasse has seen a lot of exceptional and transformational growth.
I think you're now starting to see that investors are looking at software very, very differently.
They're looking at Sass companies from the perspective that they are no longer potentially valued on growth, and investors are rethinking how the fundamental valuation may arise and questioning rather.
You know cash flows are the right way to look at the business going forward and then restructuring that as we start to think about what transpires.
What's interesting is that wealth is unique in the sense that you know, several weeks ago we saw an interesting event when Ultruist launched Hazel and we saw a market crash and a correction in excess of $100 billion that did occur.
So it's an interesting times evolving within Sas within wealth management.
Yeah and speaking of which 2026 has been a year of massive volatility across the markets across all asset classes, but when we zoom in on AI disruption fears can you separate the fact from fiction and what about when we zoom in on wealth management.
Yeah, it's interesting.
AI is definitely an enabler within wealth management, and I think what you're seeing is that companies are finding it very easy to replicate technology that has been very old for a long period of time using AI to evolve those tech stacks.
AI is definitely at a frontier stage whereby it's going to help.
Grow at an exponential stage as we start to think about Sas and Sas is being rewired at the exact same time.
And again you're starting to see a lot of these factors come into play within the marketplace itself whereby you're seeing large wealth platforms adopt AI and use AI to kind of elevate their core business.
Yeah, and I do want to hone in on the wealth transfer, so there's, it's no secret that people are living longer, right?
So it's not just say 3 generations, it could be 4 or possibly 5 generations that we're talking about when a wealth transfer occurs.
But given the fact that younger generations are pivoting towards private markets as well as alternative strategy, how do you see all of this unfolding?
Yeah, it's interesting to see the broad headline number.
For the wealth transfer is quite large, but when you start kind of peeling it back, many believe the consensus out there is that number is actually overstated and the number to actually watch is probably going to be net flows.
And when we start to think about what's eating into the size of the pie, the reality is that you kind of have three core categories.
One is the horizontal transfer.
Women outlive men, so the transfer to women is likely happening at a greater.
2 people are living longer.
They're extending their lifestyle from a living perspective.
Healthcare costs are going up, so they're eating into their estate values to support to support those.
And then you also kind of have the boomerang effect.
Elderly individuals are liquidated in their estates to support their adult children with housing and with student debt, so you're seeing a broader parameter around that.
And we have less than 60 seconds here.
So given the fact that all these themes are converging at once, when AI is becoming a technology that is utilized across consumers as well as businesses, what does it mean for the impact in the long term?
Yes, so it's interesting.
So for the for the adviser and for the wealth firm, really what it means is that you have to look at the impacts all in totality.
So.
A combination of AI, the M&A happening within the RIA space and the intergenerational wealth transfer.
As an advisor, you can't pick and choose which one you want to focus on.
You've got to focus on all three at the exact same time, otherwise the business will shift away from you very, very quick.
Well Omar, thank you so much for joining us.
A lot to go through, so I appreciate your insights as well as your perspective.
Appreciate it.
Thank you.
Thank you.
