The Fintech Times - The Benefits of AI in Wealth Management

Access to data

Giuseppe Sette, president and co-founder, Toggle Following on from this, Giuseppe Sette, president and co-founder of the AI-driven investment research platform Toggle, emphasises how the wider use of contemporary technologies like AI is generating a more comprehensive oversight of data.

“Wealth managers often field questions from clients who are closely watching markets and monitoring financial news stories,” starts Sette.

“They’ll be asked questions like, “What will energy stocks do if oil drops 10 per cent from here?” or “What will happen to my Tesla holdings if Ford exceeds their earnings expectations?” and giving a data-backed answer was incredibly time-consuming.”

Sette confirms that by harnessing the power of ML and AL, wealth managers can stay on top of the data and answer questions like this in a matter of microseconds.

“They no longer need to dig through endless PDFs to find their answers and have the ability to tailor the search to meet the exact conditions the client is inquiring about,” he says.

“And with ML, investors don’t need to run individual queries themselves. With the right software, they can answer questions like this without having to learn to code.”

Read the full article here.