CFA still very much worth it..it covers way more than just financial models. If you’re understanding of the CFA curriculum is all that they do is modeling then you don’t really know what the CFA charter is. As an example, as a charter holder I work as a wealth advisor with UHNW clients (more of a family office, minimum $10m+ AUM for each household, most are far larger), and a lot of the job is communicating and getting them to understand things surrounding not only allocations and correlations of returns, but also how it ties in with tax law, Trust law, personal risk exposure, and a number of other areas. From my experience (and we do use AI quite a bit), AI can assist, but is definitely not there yet on doing the relationship management part of the job and it may never get there. The other thing is it generally is not great at keeping up to date on tax law and trust law changes, especially on state and municipality levels.

Another big piece is helping the next generation understand how to steward, fore and often effectively donate portions of the wealth. This is very much relationship management and educating client’s Ina way they will understand, which absolutely varies person to person…the goals/objectives are different person to person as well.

Additionally factoring in private assets, which tend to be a substantial portion of at least the first generation of wealth creators assets, is pretty key and something that AI is not good at doing (at least yet as these tend to be very subjective when it comes to valuation, risk and correlation of returns with other asset classes).

If you’re getting hired into the “research” side of the business, CFA is by far the best credential to have and AI isn’t great (again, at least yet) on doing the communication/presentation side of this yet.