What Happens To The Account Manager

The account manager was built for a world where the client could not make the work and the agency could not see the business. Both halves of that are weakening. Clients arrive with generated drafts, and agencies get dashboards that show sales almost as quickly as the brand team does.
A role defined by carrying things between two rooms has to decide what it carries now.
What the account manager used to be paid for
Translation, mostly. Turning a business problem into a brief the creative department would respect, and turning the creative department's work into something a marketing head could defend upstairs. Along the way, scheduling, chasing and absorbing the friction neither side wanted to handle.
The scheduling and chasing are the parts tools now do well, and they were never the valuable part.
The messenger role is ending. The judgement role is more needed than it was.
What changes when clients can generate
The first meeting changes shape. A client who has already produced six rough directions is not asking for options. They are asking which of their own ideas is any good, and why, and that question needs someone who understands both the brand's commercial position and what the creative department can actually make of an idea.
That is a more senior conversation than the role has historically been staffed for.
Who does well
Account people who can argue strategy without deferring to the planner and can talk about craft without deferring to the creative director. In smaller agencies that has always been the job. In larger ones it was split across three people and a status meeting.
Agencies keeping the old structure will find the role squeezed from both sides. Agencies that rebuild it around judgement may find it becomes the position clients value most.
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