Foxstone Financial utilizes one of the leading platforms available for today’s RIAs. With the latest Artificial Intelligence and Machine Learning technologies, our commitment to innovation and forward-thinking is something that will always be a priority.
Foxstone clients enjoy understanding these groundbreaking solutions and how it is helping them achieve their goals. One of the cornerstones of these conversations is utilizing analogies to explain the power these technologies can have on client outcomes. The analogies are designed to make technologies that utilize artificial intelligence and machine learning more relatable and easier to understand for diverse audiences.
One impactful analogy discusses the impact that caddies can have on professional golfers. Did you know that over twenty-five years the average difference between first and second place across all four majors was just two strokes?! The difference between having a great caddie and an average caddie could be the difference between winning a major and finishing second. With the United States PGA Championship wrapping up on Sunday in Louisville, Kentucky we couldn't think of a better example than golf.
According to the United States Golf Association you are allowed 14 clubs in your bag during any given round, with each club going a different distance and having different utility. Let’s say that you consistently hit your 7 iron 155 yards in perfect conditions while at sea level. How would you adjust as conditions change? Professional golfers rely on data, technology, analytics, and caddies who know the golf course and conditions to tell them how to adjust in order to hit their target under varying conditions.
A change in conditions would force you to think whether or not you need to hit the 7 iron or go into your bag to adjust for the variables. For example, how would you adjust for:
Today, amateur golfers can buy technology that uses artificial intelligence to help them account for these variables. It’s like having a professional caddie in your pocket! Similarly, artificial intelligence can act like a caddie for your portfolio. It measures current market conditions and decides how to adjust to consistently hit your target. With investing, there are much more than fourteen options available so having technology that can adapt has been a real game changer.
To learn more about how Artificial Intelligence and Machine Learning technologies can help you achieve your financial goals, schedule a call below...