Ellevest CEO Krawcheck Sees a Digital Shift on Wall Street

The video discusses the ongoing impact of technology on Wall Street, highlighting how digital advancements are enabling more customized investment portfolios at lower costs. It predicts significant changes in the industry over the next decade, particularly in wealth management, where technology is reducing the need for traditional financial advisors. The discussion also touches on the potential shift in Wall Street's job landscape and the evolving role of digital technology in finance.

What is one of the main changes technology is bringing to Wall Street according to the first section?

• More in-person meetings

• Automation of tasks like moving numbers

• Increased number of jobs

• Higher investment costs

How does technology benefit clients in terms of investment, as mentioned in the second section?

• By increasing the fees

• By providing more personalized investments at a lower cost

• By making investments more complex

• By reducing the number of investment options

What is a potential downside of technology for Wall Street workers discussed in the second section?

• More manual work

• Higher salaries

• Increased job opportunities

• Job displacement

In the third section, what industry is highlighted as being significantly affected by technology?

• Retail

• Wealth management

• Manufacturing

• Healthcare

What is one advantage of using technology in wealth management as per the third section?

• More reliance on financial advisors

• Lower cost beta options

• Increased cost of delivery

• Higher emotional involvement