Artificial intelligence reshaping wealth management

Imagine a world where chatbots answer client e-mails regarding their investments, and software scours the Internet for the latest news, economic data and academic papers to create insightful investment reports. This might seem like the stuff of science fiction – albeit with a wealth management slant. Yet this is the leading edge of financial technology – or fintech – powered by the fast-growing field of artificial intelligence (AI), which is able to process and interpret vast amounts of data at lightning speed. AI is poised to reshape the financial industry, say those involved in developing the technology. For small independent firms, these advances potentially offer the biggest risks and rewards.