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AI and the new age of portfolio management

    • Research from Nasdaq shows that while large wealth management firms offer robo-adviser services, their human advisers continue to gather billions of dollars more in assets – underscoring the importance of the human touch for many clients.
    • Research from Nasdaq shows that while large wealth management firms offer robo-adviser services, their human advisers continue to gather billions of dollars more in assets – underscoring the importance of the human touch for many clients. PHOTO: UNSPLASH
    Published Sat, Oct 14, 2023 · 05:00 AM

    THROUGHOUT history, every generation believes that it has lived in innovative times, yet, every generation has brought its own innovation and change to the table. The evolution of communication devices from the phone booth to pagers and finally to the smartphones we have today is one great example.

    In the financial sector, innovation has been driven by the proliferation of data and technological advancements, such as the widespread adoption of artificial intelligence (AI), which has brought about significant disruption to businesses, people and investment models of organisations. For the everyday investor, it has transformed the solutions that they can rely on, and how they can take control of their financial lives.

    The new age of investing and managing finances

    Algorithms and quantitative models are no strangers to the investment community. As AI and machine learning continue to make inroads, this has opened up new possibilities to identify patterns and optimise portfolios.

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