The AQR Capital co-founder says artificial intelligence is coming for his job.
Seventy-two percent of surveyed advisors said AI represents a business opportunity.
The financial industry is still partly wary of AI technologies, according to recent research.
Financial professionals will use AI to invest and even communicate, but the human element will always be crucial.
The partnership has already forged a new vintage fund for ultra-wealthy clients.
The firm is moving clients to the iRebal platform acquired with the purchase of TD Ameritrade.
The further out the investment time horizon, the worse Google's Gemini chatbot did, researchers said.
The BMO survey found the percentage jumped to 61% for Gen Zers.
The firm describes the AI assistant as a productivity tool.
The failure of a little-known fintech company as trapped over $100 million in customers' money on apps.
The buzz around AI has powered US stocks to record highs this year.
Humans will still be overseeing a number of functions, including risk management, the company said.
A Northwestern Mutual survey found that views on artificial intelligence often vary by age group.
The bank launched a new range of thematic investment baskets that were made with the help of AI.
Robo-based RIAs wanting to register with the SEC can't see people in person anymore.
Companies from a range of industries have been advertising how they're harnessing AI to improve operations.
Sen. Ted Cruz called the SEC's proposal a "war on technology."
AI tools still seem to be an afterthought for many wealth managers.
Raymond James analysts wrote in a November note to clients of “persistent deterioration in the Yodlee business."
This latest lawsuit alleges the firm breached a Merrill Edge client's contract by not paying “reasonable” interest.