AI WealthTech Map: The Oasis Group’s Peaks Perspective on AI Wealth Technology

In the fast-evolving landscape of wealth management, artificial intelligence (AI) is poised to be the next game-changer. It promises not just incremental improvements but a profound transformation of how wealth management firms operate, attract clients, and deliver services. But with so many options and service providers available, how do financial advisors and wealth management firms determine the best solutions for their firm? Enter The Oasis Group’s AI WealthTech Map.

The Oasis Group has identified 86 leading firms that specifically serve the wealth management industry. The firms in our AI WealthTech Map are not existing WealthTech solutions that are developing AI capabilities – these firms are AI first and were built to support the wealth management industry.

The Oasis Group’s AI WealthTech Map follows the sales cycle of a wealth manager by starting with Lead Generation/Sales (prospecting, writing assistants, note takers, proposal generation), followed by Practice Management (AI assistants/co-pilots, next best action, video communication, portfolio creation, investment management and research), and Financial Planning (specialty planning, philanthropy), Back Office (compliance solutions, data aggregation), and Firm Growth (M&A).

The AI WealthTech Map is updated on a monthly basis. Here’s our latest version – click on the logos within the map to be taken to each firm’s website to learn more:

Wealth management firms can unlock new levels of efficiency, personalization, and client engagement by adopting AI. We strongly recommend that firms begin to leverage AI to gain familiarity with its capabilities and concerns, to learn new skills like prompt engineering, and to clearly identify how they plan to leverage AI in projects. Leveraging AI now enables firms to discuss their compliance posture and to develop their AI policies.

The largest firms in our industry are implementing AI now, and some of the biggest wirehouses have already developed in-house tools, including Morgan Stanley’s Debrief, JP Morgan’s IndexGPT and OmniAI, and RBC’s collaboration with Tifin.

The future of wealth management is here, and it’s powered by artificial intelligence.

The Oasis Group is the leading consultancy for the wealth management industry. Our leadership position includes identifying, reviewing, and discussing new technologies and capabilities for the wealth management industry. The Oasis Group offers award-winning consulting services, industry-leading research, and compelling on-demand training for wealth management firms and the service providers who serve the wealth management industry.

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