27 Jun 2023 | Financial Services | research series

Wealth Managers Face Existential Crisis - Convergence of Digitalization and AI in a Wealth-Tech Rally

More than $2.7 trillion AUM is expected to be influenced by Robo-Advisors by the end of 2023. This comes at a crucial point in the asset management industry as investors are chasing exposure to AI-driven solutions - leading to a projected $800 billion investment in the North American digital wealth management sector by 2026. AI's capital rally goes beyond mere buzzwords, as it has become a top priority for nearly 50% of technology executives as per CNBC's survey in 2023.

Read on as Jasper Colin's Market Watchdog delves into the landscape of emerging technologies in the wealth management domain and the related expert perspectives in 2023.