What factors most significantly impact the wealth management industry today?

"According to a very intriguing report released recently by Deloitte, there are ten primary factors that impact the wealth management industry. These factors include a higher intensity of competition, increased regulatory burdens, a new generation of investors who think entirely differently, and the introduction of artificial intelligence, to name a few. It's important to keep up with these rising trends as they directly impact my career in wealth management and the financial success of my clients."

"I follow many blogs and publications from companies such as your own, Goldman Sachs, and Morgan Stanley. The factors and topics touched on the most often include previous financial crises, adapting to quickly changing market environments, shareholder expectations, strict regulations that change often, and milestones in tech. I believe that together, all of these topics shape the wealth management industry in a sometimes unpredictable way."

Goldman Sachs CEO David Solomon does a lot of public speaking; over the last year, he has been very vocal on this topic, from fears of an impact of an oncoming recession to the U.S. debt ceiling to inflation and the war in Ukraine. So read up on any recent news about his personal views as the CEO of Goldman Sachs, and use that media coverage to inform you on how to approach this question.