Retaining clients is the third activity. Einstein monitors client-related activities to spot patterns that indicate which clients are at risk for leaving the adviser. IBM's Watson Client Insight for Wealth Management solution provides a similar forecast. "We're able to predict with a high degree of accuracy when clients are going to leave the firm -- 30, 60, 90 days ahead of time," says Stanich. Smaller firms are also integrating AI into private wealth management. ForwardLane in London and New York City is combining quantitative investment models and financial planning. Responsive Capital Management in Vancouver offers its Alpha Digital Advisor Platform and AI Research Platform. And New York City-based Synechron has developed its Neo suite of AI services for financial advisers, which includes natural language processing, chatbots, machine learning, robo-advisers, and other services.
Jan-1-2019, 07:35:11 GMT