AI Anywhere and Everywhere: How can it be leveraged for wealth management?

Article name + Author: AI in Wealth Management: Transforming Financial Planning and Investment Approaches by Kacper Rafalski

Article link: 

https://www.netguru.com/blog/ai-in-wealth-management

What’s it about?

The article explores how AI is revolutionising wealth management by transforming financial planning and investment approaches. It lists and examines the various sectors that AI has infiltrated in terms of a firm’s operations, including enhanced data analysis, improved client engagement, and increased operational efficiency. It provides a comprehensive overview of the history and current state of AI’s application, as well as mentions suggestions of what may occur looking ahead. It does so highlighting AI’s role in enhancing automation and personalization, while addressing challenges like data privacy, human oversight, and unstructured data.

One question it left me with 

As AI-driven tools advance, how will the industry balance the use of AI with mitigate the potential biases in AI-driven financial recommendations given the high-stakes nature of individual financial decisions?