With all the AI hype in the market these days, one might be tempted to overlook all the other mission-critical technology and capability upgrades wealth managers need to make. Yet, ideally, new AI and machine learning use cases must complement and support wealth management objectives―not compete with them.

This report illustrates what wealth managers view as the next key pieces of functionality for their client reporting platforms. It also reveals how U.K. firms are thinking about AI and ML and prioritizing them against or complementing them with other key technologies and capabilities. It is based on responses to a quantitative survey posed to 20 U.K. wealth management practitioners in Q3 2023.

Clients of Datos Insights’ Wealth Management service can download this report.