Virtually every wealth management technology aligns in one way or another with GenAI. Financial institutions must tackle the positive and negative implications of GenAI technology to build next-generation digital platforms while focusing on the human element of the industry. While there is immense power behind GenAI, we don’t yet know the extent of it. Therefore, humans must remain in the loop indefinitely.

This report reviews how wealth management firms in the U.S. are engaging with GenAI-driven solutions. It is based on responses to a Datos Insights quantitative survey posed to 60 U.S. wealth management practitioners in Q3 2023.

Clients of Datos Insights’ Wealth Management service can download this report.