How A Day In The Life Of A Wealth Manager Changes With AI

Tom Burroughes

2 June 2023

When the . It is mostly changing different pieces of the investment process.”

The question, which even touches on philosophical questions about what consciousness is (and is not), is how far AI can “replace” human consciousness and cognition?

“Analytical skills, the development of an argument are where humans continue to excel. That’s why AI is not an end-to-end solution in most instances,” Cao said.

The CFA Institute Data Science for Investment Professionals Certificate is aimed at, but not exclusive to, investment professionals in roles such as investment analysis, managing portfolios and managing client relations.

As noted above, wealth managers are wrestling with how AI will affect wealth managers' job roles – will it replace RMs and bankers, or augment them, and empower them to do more high-value tasks that build revenues? The hope is that it is the latter.

This article forms part of a wider narrative on the type of skills and characteristics that wealth managers will need to have in the future, a topic this publication will continue to explore in coming days and weeks.