Robo-advisors

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Asness' AI Twin Heralds End Of Human Fund Managers

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The AQR Capital co-founder says artificial intelligence is coming for his job.

Advisors Becoming More Comfortable with AI: eMoney Study

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Seventy-two percent of surveyed advisors said AI represents a business opportunity.

Advisors, Asset Managers Embrace AI With Reservations, Surveys Say

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The financial industry is still partly wary of AI technologies, according to recent research.

The Future For Financial Advisors Is On An App

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Financial professionals will use AI to invest and even communicate, but the human element will always be crucial.

Conway, Opto Partner To Offer Private Vintage Funds To Clients

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The partnership has already forged a new vintage fund for ultra-wealthy clients.

Schwab Shutting Down RIA Robo-Advisor

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The firm is moving clients to the iRebal platform acquired with the purchase of TD Ameritrade.

AI Chatbot Not Good At Picking Stocks, Study Finds

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The further out the investment time horizon, the worse Google's Gemini chatbot did, researchers said.

37% Of Americans Use AI To Help With Finances, Survey Says

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The BMO survey found the percentage jumped to 61% for Gen Zers.

JPMorgan Gives Staff AI-Powered 'Research Analyst' Chatbot

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The firm describes the AI assistant as a productivity tool.

Moelis-Backed App Has $113 Million Trapped In Fintech Collapse

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The failure of a little-known fintech company as trapped over $100 million in customers' money on apps.

Goldman Strategists Say Big Tech's AI Splurge Worries Investors

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The buzz around AI has powered US stocks to record highs this year.

Bridgewater Launches $2 Billion Fund Run By Machine Learning

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Humans will still be overseeing a number of functions, including risk management, the company said.

Younger Adults More Open To AI In Their Financial Lives, Survey Says

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A Northwestern Mutual survey found that views on artificial intelligence often vary by age group.

JPMorgan Unveils IndexGPT In Next Wall Street Bid To Tap AI Boom

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The bank launched a new range of thematic investment baskets that were made with the help of AI.

SEC Adopts Narrower Rules On Robo-Advisor Registrants

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Robo-based RIAs wanting to register with the SEC can't see people in person anymore.

SEC's Gensler Warns Public Companies Against Overblown AI Claims

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Companies from a range of industries have been advertising how they're harnessing AI to improve operations.

GOP Senate Bill Seeks To Block SEC Rules On Advisor AI Use

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Sen. Ted Cruz called the SEC's proposal a "war on technology."

Financial Advisors Still Cautious About AI Tools

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AI tools still seem to be an afterthought for many wealth managers.

Envestnet Explores Sale Of Data Aggregator Yodlee

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Raymond James analysts wrote in a November note to clients of “persistent deterioration in the Yodlee business."

Merrill Sued Again For Paying Low Rates On Cash Sweep Accounts

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This latest lawsuit alleges the firm breached a Merrill Edge client's contract by not paying “reasonable” interest.

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