Kitces and Carl - Real Talk for Real Financial Advisors Helping Clients Navigate AI Career Challenges By Building Financial Planning Resiliency: Kitces & Carl Ep 170
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Aug 7, 2025 In this podcast, the hosts tackle how financial advisors can support clients facing uncertainty due to AI job disruption. They discuss the importance of resilience and proactive planning strategies. By comparing job impacts in sectors like law and software engineering, they illustrate the varying effects of AI. Practical advice includes increasing liquidity and adjusting investment allocations. The conversation emphasizes empathetic communication with clients, ensuring their concerns are addressed in a supportive manner.
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Uncertainty Layered, Not Unique
- Advisors should treat AI-driven uncertainty as another layer on top of existing economic and political uncertainty.
- Focus on simplifying plans and increasing general resilience rather than predicting exact AI outcomes.
Build Financial Resiliency First
- Make clients generally more resilient by reducing financial burn and increasing liquid reserves.
- Shift to simpler, safer investments and hold accessible cash for career shocks.
Use Portfolio Positioning To Hedge Winners
- Invest broadly to capture winners if AI displaces firms, using indexing or targeted AI winners.
- Use portfolio allocation to hedge technology-driven sector shifts while addressing income risk separately.