The financial sector has witnessed a significant shift towards AI-driven decision-making processes in recent years, particularly in portfolio management. Explainable AI (XAI) has emerged as a powerful tool in this area, promising to enhance investment strategies and provide transparent insights into complex financial models. This article explores the potential of Explainable AI in revolutionizing portfolio management. It addresses some of the top concerns industry leaders harbor about the real-world implications of XAI as well.