The AI Trying to Replace Your Financial Advisor with Fahad Hassan and David Cusatis

Range, a wealth management platform, leverages AI to disrupt the traditional financial advisory industry by replacing opaque, high-fee models with automated, efficient, and transparent services. By targeting high-net-worth individuals, the platform manages over $1 billion in assets while charging significantly less than the industry-standard 1% fee. The company utilizes AI agents to handle complex financial tasks—such as backdoor Roth conversions and trust funding—while maintaining rigorous compliance through automated, AI-driven monitoring. Unlike legacy firms that rely on manual processes and expensive, seat-based software, Range integrates AI directly into its operational stack to reduce friction and improve client outcomes. By focusing on a younger, tech-savvy demographic, the firm aims to capture long-term client value and redefine the standard for financial planning, ultimately challenging the dominance of established incumbents through superior technological integration and cost-effective, agentic workflows.