Every generation, the investments and wealth profession rediscovers efficiency. We merge, outsource, and integrate - all in the name of progress and scale. Each cycle promises to make things simpler, safer, and more scalable. And it does, for a while. But over time, the definition of progress starts to change.

Today, that change is architectural. Efficiency is no longer just a practice ideal - it’s a system design. The investments and wealth ecosystem has become a web of interlinked platforms combining investment, technology, education, and compliance functions that once served as checks and balances...