Throughout 2023, artificial intelligence has managed to shoulder its way into nearly every conversation related to business and technology.

The wealth management industry isn't immune to AI fever, and those tasked with coming up with the latest technology solutions for financial advisors are embracing the symptoms with open arms. 

From promises to deeply integrate AI within some of the industry's most commonly used software to making a large language model with advisors in mind, this year kicked off with plenty of ideas that are now operating in the wild. 

During a gathering of wealthtech giants this week, we got a glimpse at how some of these AI initiatives are maturing, and how advisors are really using all the new tools being shoved into their hands.

Organized by Ezra Group, the discussion featured AI insight from leaders at Apex Fintech Solutions, Morningstar, RightCapital, Envestnet and Softlab360. 

Along with exploring how AI and machine learning are reshaping the industry, the session gave advisors tips on how to leverage these technologies to enhance investment decision making, optimize portfolio strategies and deliver personalized services to clients.

The session also went into some of the advantages man will always have over machines in the wealthtech space, and why one expert suggests we treat AI like interns.

Check out the full story — featuring an update on Morningstar's eye-catching AI chatbot "Mo" — and much more, only at Financial Planning. 

Anything else on your mind? Drop me a line at [email protected]. Have a great weekend!

Regards,
Justin

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