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Robo-advisers to take over routine tasks at Morgan Stanley

Machine-learning algorithms will suggest trades, send reminders

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Facing competition from cheaper automated wealth management services and higher expectations set by pioneering firms, traditional brokerages are starting to chart their digital future.

Washington

MORGAN Stanley is about to augment its 16,000 financial advisers with machine-learning algorithms that suggest trades, take over routine tasks and send reminders when your birthday is near.

The project, known internally as "next best action", shows how one of the world's

sentifi.com

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