Tag: wealth management

Execs from Fidelity, Citi, and Kaplan say that generative AI will have a huge impact on efficiency and financial education, but it won’t replace the advisor-client relationship.  Morgan Stanley made waves when it announced last month that it’s letting its wealth management advisors use ChatGPT – the buzzy tool that can answer questions in a […]

Merrill is betting that helping people connect with advisors based on their preferences will help it hook younger, more digital-centric customers – and build its brand.   Bank of America’s Merrill Lynch is rethinking relationship building for its financial advisors.  While clients historically find their advisors through referrals, the wire house has launched a matching algorithm […]

As the world undergoes the largest intergenerational transfer of wealth in human history, financial providers need to offer the digital access and real-time transparency that younger clients demand.  Wealth management is at a time of major transition, and providers need to ensure that their technology infrastructure and features keep up.   That’s why Masttro, a wealth […]

Wells Fargo wants to boost engagement between its financial advisors and clients, in more convenient ways, to foster connection and loyalty. Wells Fargo wants its wealth management clients and their advisors to stay more closely connected.  The bank is rolling out LifeSync, a digital platform that lets users create and track financial goals while notifying advisors […]

Writing your will isn’t typically an easy, cheap, or uplifting exercise, which could be why more than two-thirds of Americans have no estate plan. A handful of big FinServs are strategically funding a startup that wants to change that by making estate planning a more accessible aspect of financial management. With the “great wealth transfer” […]

Financial advisors are looking for ways to use complex analytics and automation to more efficiently optimize their clients’ portfolios, especially as the economic climate pummels the market.  BNY Mellon has invested in fixed income platform bondIT to help its financial advisors better manage client portfolios. The startup’s platform automizes portfolio research, construction, and management, using […]

As the economic climate remains precarious, technology for optimizing client portfolios can provide advisors with an edge as they try to help their customers build wealth. JPMorgan Private Bank just made a strategic investment in Swiss software firms Edgelab and Evooq – which specialize in risk analytics, portfolio construction, advisory platforms, and workflow – as […]