Top retirement mistakes you are still probably making

The wealth management industry could look vastly different a decade from now than it does today. For one, there continues to be consolidation in the industry as the largest players in the field seek out more investable assets and bigger client pipelines. Second, the coming wealth transfer between baby boomers and their children will likely lead to more services by wealth managers to help manage the transition. After all, millennials will suddenly be tasked with putting potentially large sums of money to work to be passed down to their children. And lastly, artificial intelligence (AI) stands to permeate the industry as a low cost way to manage assets. It’s the latter element that has many advisors in the industry concerned about the investing risk AI will pose, and the risk to their jobs. Yahoo Finance executive editor Brian Sozzi sits down with Domain Money founder and CEO Adam Dell. Dell takes Sozzi inside his view of the future of wealth management and what it’s like to be a serial entrepreneur. Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens. Find this episode's transcripts and more episodes of Opening Bid at https://finance.yahoo.com/videos/series/opening-bid/. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. 00:00-Adam Dell joins Opening Bid 06:30-Working toward retirement without being 'shackled to a job' 14:00-Why hope is not an investing strategy 20:00-Lessons for young VCs 21:30-How AI will disrupt financial planning industry Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Rachael Lewis-Krisky. Adam Dell was most recently a partner at Goldman Sachs where he served as Head of Product of Marcus by Goldman Sachs. There he built foundational products like Marcus Invest, Marcus Checking and the market leading mobile application Marcus Insights. Prior to Goldman, Adam founded four companies, including Clarity Money, acquired by Goldman Sachs (GS); MessageOne, acquired by Dell (DELL), Buzzsaw, acquired by Autodesk (ADSK) and Civitas Learning, acquired by Francisco Partners. Learn more about your ad choices. Visit megaphone.fm/adchoices