John O’Connell Published in Advisor Perspectives by VettaFi: The AI Revolution Is Here: Many Wealth Management Firms Are Missing Out
Most wealth management firms are missing out on the AI revolution, risking falling behind as competitors use artificial intelligence to boost efficiency and exceed client expectations. In John O’Connell’s latest bylined article published in Advisor Perspectives by VettaFi, he details how and why forward-thinking firms are leveraging AI not only for note-taking and client communication, but also for advanced tasks like real-time portfolio optimization and document analysis, gaining a critical edge in attracting the surge of new millionaires seeking AI-enhanced advisory services.
Wealth managers must take active steps to learn, implement, and refine their AI strategies—prompt engineering and compliance practices included—to remain competitive in a transforming industry.
