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 which solutions best fit their needs? Enter The Oasis Group’s AI WealthTech Map.
The Oasis Group has identified 91 leading firms that specifically serve the wealth management industry. The firms featured in our AI WealthTech Map aren’t simply adding AI features to existing platforms; they are firms with a strategic and foundational commitment to AI innovation, purpose-built to enhance and transform the Wealth Management experience.
The Oasis Group’s AI WealthTech Map follows the end-to-end lifecycle of a wealth management relationship and is organized into seven categories. Each firm is color coded to highlight the types of services and solutions they provide:
- Client Engagement and Business Development (Prospecting and Lead Generation; Marketing Content / Writing Assistants; General Purpose LLMs)
- Personalized Client Engagement (Video and Digital Communication; Personalized Engagement / Next Best Action)
- Advisor Productivity and Work Flow Automation (Meeting Management; AI Copilots for Office Productivity)
- Advice and Planning (Proposal Generation and Planning Illustrations; Specialty Planning)
- Investment and Portfolio Management (Investment Research; Portfolio Creation / Rebalancing; Investment Management)
- Compliance, Risk, and Governance (Compliance Monitoring)
- Advisor Firm Research and Data Aggregation (Mergers and Acquisitions; Advisor / Wealth Management Firm Research; Data Aggregation and Enrichment)
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 other compelling insights and resources for wealth management firms and the service providers who serve the wealth management industry.
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