wealthtech on deck podcast - Jim Patrick

Why Advisors Matter More in an Age of Unlimited Information with Jim Patrick

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This week, Jack Sharry talks with Jim Patrick, Senior Business Advisor at McKinsey. Jim has more than 25 years of experience in wealth management, asset management, institutional investing, and family office advisory services. A former Group President at Envestnet, he now advises McKinsey and other financial services firms on growth strategy, operating model transformation, product development, distribution, regulation, AI enablement, advisor productivity, alternatives, and serving the evolving needs of affluent and ultra-high-net-worth clients.

Jack and Jim explore how the role of the financial advisor is changing as investment products, information, and technology become increasingly accessible. Jim argues that greater choice and complexity make advisors more valuable—not less—as clients look for help making better decisions, managing their behavior, and connecting investments to long-term goals. They also discuss the looming advisor capacity shortage, the growing complexity of alternative investments and regulation, and why UMH can position advisors as the trusted quarterback across a client’s entire financial life. Jim also explains how AI can improve advisor productivity while giving advisors more time to focus on what technology cannot replace: human connection and trust.

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