Artificial intelligence is transforming wealth management, with firms like MDOTM, AdvisoryAI, KX, and Xapien leading the charge in AI-driven solutions. AI’s true power lies in efficiency, not just chasing alpha, according to Anthony Villis. Private banks are benefiting from AI tools, shifting advice from reactive to proactive. AI won’t replace advisers but will enhance human advice by handling admin tasks.

Read more at Yahoo Finance: AI advantage in wealth