The Future of Wealth Management Is Generative

Executive Snapshot

• Figure: Executive Snapshot: The Future of Wealth Management Is Generative

Situation Overview

• Enhanced Personalization

• Automated Investment Strategies

• Democratization of Personal Wealth Management Services

• An Inevitable Future State: Hybrid Wealth Management Services

Advice for the Technology Buyer

• Establish a Clear Strategy and Purpose

• Prioritize Financial Advisor Enablement (for Traditional Wealth Management Firms)

• Include Upskilling and Training of Advisors and Relevant Support Staff

• Invest in Data Infrastructure to Power GenAI Applications

• Prioritize Client-Centric Applications

• Maintain a Focus on Compliance and Ethics

• Develop a Network Within the AI Vendor Community

• Measure Success with Client-Centric KPIs

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• Related Research

• Synopsis