Sector
wealth management
Wealth management is a professional service that provides financial advice and investment management to high-net-worth individuals. It involves comprehensive planning for clients' financial goals, including portfolio management, tax planning, and estate planning.
Why it’s in the news: It is in the news due to significant industry disruption from the adoption of artificial intelligence, leading to both new funding for AI-powered platforms and major job cuts at traditional firms.
Latest on wealth management
- Thailand's Kasikornbank taps AI to expand wealth management customer base
- How growth in use of AI and globalisation have transformed wealth management
- Nevis raises $70m for wealth management AI operating system
- Wealth Management Bank of the Year: BTG Pactual
- HSBC to make 'deep, wide and brutal' UK wealth management job cuts in AI push
- Zomint Raises ₹36 Cr To Scale Wealth Management Platform
- AI adoption and globalisation are changing how businesses and clients approach wealth management.
- 66% of young heirs in ultra-rich families are not prepared to manage their wealth
- Foreign banks trim China branch networks as low returns test strategy
Connections
14 entities linked to wealth management across the news graph.
Under pressure from (1)
Also connected to (13)
True Potential taps Origo to deliver automated valuation data across its adviser back-officePerigon Wealth Management : Building a Tech Stack Through PartnershipsFNZ offloads German bank to focus on wealthtech businessHargreaves Lansdown appoints technology headsKasikornbankCitiForeign banksglobalisationAISightsWall StreetRecord ResultScotiabank Earnings Lifted