AI has the potential for greater returns for both ourselves and our clients.
Rather than making it obsolete, artificial intelligence appears poised to revitalize the wealth management sector, ensuring that customers can rest easy knowing they are getting the benefit of fresh insights and streamlined processes. Far from taking the human element out of wealth management, it'll let us personalize services even better, streamlining complex processes and making the business of handling clients' wealth more effective and profitable for all.
There's a reason a tech giant like IBM and its Watson AI are dipping their toes into wealth management -- our field has a great deal of improvement at our fingertips, the kind that'll lead to greater returns for both ourselves and our clients. While the full suite of services wealth managers offer will never be as simple as pushing a few buttons, those of us knee-deep in the complexities of wealth management work are about to get a valuable new tool. Here's a look at just how AI will be changing the wealth management business in the coming years.