How AI could transform wealth management - Citywire Wealth Manager
10 April 2017
The robots are coming. Within five years robo advisers are forecast to reach $2.2 trillion (£1.7 trillion) in assets under management, while by 2025 hybrid 'robo-human' services in wealth management are expected to run $16.3 trillion, according to research by financial consultancy Synechron.
Artificial intelligence (AI) is already used in wealth management, and not just by the likes of Nutmeg and Moneyfarm.