Schwab CTO's speech in NYC spotlights an RIA business addicted to innovation – with no fresh fix in sight

“Right on. “Asset monarchs” are so yesterday. And market share? Now? Boring. Stodge-podge. Gotta be the disruptor. Be cool. Artificial intelligence. That’s the thing. Beats the heck out of intelligence. Everyone knows that. Intelligence is for such losers. I want to be the guy who hits conferences in hip threads with everyone drooling over my erudite futurism, so cleverly ahead of everyone else that saliva is running everywhere. I love it when people drool and I be cool. If I could just sit in some chair by a silicon valley window somewhere and gaze off into 2032 realities to bring back to enlighten and amaze. And deliver to all, as if I was Meryl Streep on a rant. Wouldn’t that be cool! I’d be something. Wait! I got it. Johnny Depp Wealth Advisors. That’s the ticket. ‘Course I’d need a goatee and a hat. But disrupting. And cool! Right on. Oh, yeah! I forgot. I got a lotta class and all of its low and lotsa of taste and all of its bad. Oh well. I wonder what clients like? Another week down.”