It’s 2025. Do you know where your data is?

Alec Rich, Ian Wenik and Alex Steger discuss Citywire’s recent scoop on Mobile Assistant, a transcription service for advisors, which floated (and ultimately decided against) using anonymized historical data to train a wealth-focused AI tool. The story is interesting for a number of reasons, not least because it raises questions about what kind of legacy data advisors might have with various service providers and how that could be used in a world of AI. The team also dig into a reshuffle at the top of Fidelity’s custody division with leader Rohit Mahna leaving after just two years in the job.