This is forward-looking commentary. The specific incidents and disputes referenced reflect the moment it was written; the underlying argument about vendor concentration, AI, and quantum risk is the durable part.
Over the past year or two, a powerful convergence of forces has quietly but decisively reshaped the risk landscape for every RIA and financial institution. This shift is so profound, and so multidimensional, that it demands a completely new strategic mindset about data ownership, infrastructure resilience, and vendor dependence. We are now beginning to see the early contours of that shift emerging across the industry.
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