By Kenneth Corbin
ChatGPT plans to turn its premium artificial intelligence offering into a financial counselor, of sorts. Parent company OpenAI says that premium users, who pay a monthly subscription rate of $100 to $200, will be able to link their financial accounts to its chatbot and receive insights on how they might handle their money. OpenAI's offering will be supported by Plaid, the fintech company that provides similar services to financial apps such as Venmo and Robinhood.
Among other most-read wealth management articles this week:
Have chip stocks flown too close to the sun? Semiconductor stocks have been on a tear, but will it last, or is a correction at hand? We asked a group of investment professionals about the outlook for the sector in this week's Barron's Advisor Big Q feature and heard that while the run-up has been extraordinary, it doesn't seem as frothy as, say, the dot-com bubble. Our panel of experts noted that the surging valuations (the VanEck Semiconductor ETF is up more than 50% since late March) have been driven in significant part by strong earnings, not sentiment. No one is predicting a crash, but some say that outsize valuations might recommend trimming positions, or at least proceeding with caution.
Portfolio rebalancing without the large tax bill . Advisors know that periodic portfolio rebalancing helps clients manage risk and ensure that their asset allocation aligns with their long-term goals, but it often comes with a hefty tax bill. Our guest writer, president and chief investment officer with ParkBridge Wealth Management in New York, offers seven tips for prudent rebalancing that minimizes or eliminates capital-gains taxes. His advice includes not selling short-term positions, pairing gains with losses, and using charitable giving wisely.
Rockefeller poaches Morgan Stanley team . Rockefeller Capital Management has recruited a Florida investment advisory team with $1 billion in client assets. Coplin Wealth Partners, led by Managing Director Steven Coplin, generated about $6 million in annual revenue at Morgan Stanley, according to a person familiar with the situation.
Inflation deflating retirement confidence . Persistent inflation is taking its toll on Americans' retirement confidence, according to a new survey from Schroders, a wealth and asset manager. The poll found that half of retirees say that expenses are exceeding their expectations, and 58% express concern about how long their savings will last. The survey comes amid a backdrop of worrying signs about Americans' retirement readiness, with January data from retirement-services provider Empower showing a median balance in 401(k) accounts held by people in their 60s of around $187,000, and just under $96,000 for people in their 70s.
To family office or not? Advisors working with clients of a certain level of elevated wealth might be enticed to establish a family office model, but when does that make practical sense? Our guest writer, a longtime industry veteran, argues that family offices are essentially companies, which only succeed when they have strong strategy, leadership, and an empowered chief investment officer who can veto bad ideas. He offers several practical considerations for when the structure makes sense, including scale, governance, and the family mission.
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May 22, 2026 14:10 ET (18:10 GMT)
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