Though limited in detail, the expanded relationship comes as Anthropic launches a broader effort to work with RIAs, investment banks, and custodians.

Of all the tangled financial skeins advisors have to unravel, some of the most complicated can involve their own pay. Processing Content Now LPL Financial is hoping to use artificial intelligence to ...

According to Mercer's 2024 AI in Investment Management global manager survey, 91% of asset managers either currently use AI (54%) or plan to use it within their investment strategy or asset-class ...

Fintech firms launch new AI tools and partnerships for wealth management advisors across CRM systems and discovery platforms ...

For decades, Americans were given the same advice about money: Find a good financial adviser. Trust the person, not just the process. That model worked when markets were simpler, tax laws changed more ...

Chad D. Cummings thinks advisors should be aware of "a burgeoning landmine" he's seeing in his litigation practice — a sharp increase in lawsuits and malpractice risk arising from financial advisors' ...

Artificial intelligence is starting to play a much bigger role in financial planning and wealth management. Many people wonder whether that means financial advisors will eventually become unnecessary.

Eighty-five percent of financial advisers view generative AI — AI that can be used in generating new content — as a help to their practice, a surge up from 64% in 2024, according to an Adviser360° ...

Trust but verify. When it comes to using artificial intelligence, however, many financial advisors have turned that sage and skeptical advice on its head: They require a lot of verification before ...

Generative artificial intelligence tools, like ChatGPT or Gemini, can be a valuable tool for clients and advisors, especially when it comes to summarizing information or modeling financial scenarios, ...

Across the wealth management industry, firms are using artificial intelligence to consume and analyze demographic and psychographic data and come up with lists of new prospects at extraordinary speed.

Like it or not, artificial intelligence is here to stay, and financial planners are going to have to start thinking about how they can use it to support their practices. The Financial Planning ...