The publisher of this news service is preparing a major report that looks at how AI affects the wealth sector, and is talking to industry figures about how this transformative technology plays out. We invite readers to get involved. See details below.

AI changes the business of wealth management, and all corners of the industry are affected. A forthcoming research report, which this news service is producing in partnership with Arta Finance, explores how firms use and test AI, and what they see as the main opportunities and challenges.

Arta Finance is an AI-driven wealth and fintech firm headquartered in Silicon Valley and Singapore. Its rapid ascent reflects how technology is reshaping the wealth management sector worldwide. 

The editorial team is keen to take views from those who work in wealth management about their direct experience of AI, views on how it affects their roles, business strategy, and importantly, their clients. 

To collect views there is a survey, and we urge those who are interested to click on this link. 

The goal of the report is to produce a data-led benchmark showing how far private banks and wealth managers have progressed from AI mandate to AI in production. The report also aims to distinguish the institutions deploying AI successfully in front of advisors and clients from those that are at the pilot or evaluation stage. 

The research will examine where AI is delivering or expected to deliver value; it will explore the barriers preventing production deployment, advisor adoption, investment priorities and approaches to responsible AI in regulated environments. 

Topics discussed include questions such as where is an organisation today in its use of AI and what has changed the most in the past 12 to 18 months; where can AI make the largest difference to private banking and wealth management economics; why it appears hard to move from pilot projects to adoption; what are tallest barriers in organisations to adopting AI; how has the relationship between business leadership, technology and risk/compliance affected the pace of AI implementation; and how do firms ensure that when AI tools are adopted, advisors actually use them. 

The report also delves into what the sector thinks about accuracy, governance and accountability when AI is being used in a regulated wealth management environment. It also asks the industry to look ahead for the next three years to think what will distinguish private banks that successfully adopt AI from those that have fallen behind.

This news service continues to report on evolving AI use cases, as well as explore opportunities and risks in this technology, from a client’s as well as advisor’s perspective. 

We pride ourselves on delivering insights around the forces shaping the sector so that readers gain actionable ideas in how to make their businesses more successful and resilient. This research report is part of that process.

For those who wish to wish to provide comments in this report and quantitative data, please contact Theodora Viney at Theodora.Viney@clearviewpublishing.com