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You've raised a valid point. The promises of "hyper-personalization" and "democratized advice" have been around for years, and it's right to be skeptical of tech hype.

However, today's AI is fundamentally different from the technologies of 15-20 years ago. Here's a quick summary of why this wave is having a more significant impact.

Previous technologies, like those behind Mint or the first robo-advisors, were excellent at data aggregation and analysis. They could show you your financial picture based on a set of predefined rules.

Today's Agentic AI represents a shift from simply analyzing data to acting on it. Built on large language models (LLMs), these systems can:

• Reason and Plan: They understand complex, unstructured requests and create multi-step plans to address them.

• Generate Content: They can create novel content, such as personalized financial plans, client communications, or even code for new products.

• Execute Autonomously: They can take action on a user's behalf, like rebalancing a portfolio or flagging complex fraud patterns without direct human intervention.