Netwealth CEO Matt Heine talks AI, how to spot a company that can be 'cloned' and Netwealth Private | Switzer Show | Feature Interview

Netwealth chief executive Matt Heine joins Peter Switzer to explain why he thinks the investment platform is a net beneficiary of AI, not a victim of the tech sell-off.In this feature interview with the ASX200 CEO:- Why Netwealth is a "volume, not seat-based" business, and how that changes the way AI affects its revenue- The moat Heine says a "bedroom coder" can't replicate: regulation and licensing, 25 years of capability, and relationships with more than 4,000 advisers- How Netwealth is using AI internally, including a chatbot now answering around 19% of incoming queries- What drove the recent fall in the share price, and how the business is positioned now- The new Netwealth Private product for high-net-worth clients- The advice gap: about 3.5 million Australians with complex needs, and only 10,000 to 12,000 advisers to serve themMatt Heine is the CEO and managing director of Netwealth (ASX: NWL) and has a direct interest in the company. Nothing in this clip is financial advice. Consider your own circumstances and seek professional advice before investing.Watch the full episode of the Switzer Show: https://youtu.be/X5boh_nRZDIThe Switzer Show airs live each Monday at 7pm AEST on switzer.com.au/tv, and streams on Spotify and Apple Podcasts.#Netwealth #ASX #AI #Investing #SwitzerShowGet a 21-day free trial of the Switzer Report - switzerreport.com.au/subscribeorSubscribe to the free Switzer Daily newsletter - https://switzer.com.au/subscribe