Billionaire wealth manager Peter Mallouk has 3,400 clients worth at least $25 million. Here's how he's telling them to navigate AI chaos.

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• Peter Mallouk says his clients are more diversified than ever amid AI's transformative impact on industries.
• AI's rise is causing unpredictable bouts of market volatility across stock sectors.
• Mallouk suggests investors diversify more than before, and avoid trying to rotate too often.

Peter Mallouk, the billionaire CEO of wealth management firm Creative Planning, says AI isn't like any past technology cycle — it's far more transformational...