Technological advancement has revolutionized the wealth management sector. The hassle of entering data manually into a spreadsheet has been eliminated. With artificial intelligence, advisors can fill data automatically and use unique formulas to calculate numbers.
Technology has improved service delivery by making things move faster, straighter, and smoother. There have been claims that artificial intelligence will increase the rate of unemployment. It is imperative to note that artificial intelligence will create more jobs in the wealth industry than it will take over.