Wealth Management and Artificial Intelligence, the buzz continues for 2023

The world of wealth management is evolving rapidly in response to the changing landscape of technology and investment strategy. As artificial intelligence (AI) technology becomes more powerful and sophisticated, its use in the wealth management space is steadily increasing. As AI technology continues to expand its capabilities and is integrated into more consumer-facing applications, the potential for its wise use in more sophisticated personal investment strategies is becoming increasingly attractive to forward-thinking investors. Looking forward to 2023, it can be expected that artificial intelligence will have greatly influenced how investors, both retail and institutional, interact with and manage their wealth. As artificial intelligence technology advances, its uses in wealth management will become more refined and provide more accurate and efficient investment advice than ever before. Machine learning algorithms can process massive amounts of data quickly and compare potential investments against a set of rules.