Fund managers, wealth managers and hedge funds are already incorporating artificial intelligence (AI) and machine learning into their investment processes. These include fully-automated wealth management services (‘Robo-advisors’), to automated trading systems. With wealth management in a state of flux with pressure on margins, the rise in passive investing and moves from commissions to level fees; many managers are investing heavily in technology to reduce costs while complying with ever-increasing regulation.
Co-authored with Dr Lawrence Tse of Imperial College, Dr Quintin Rayer explores how advisers would be wise to keep abreast of developments in artificial intelligence to anticipate how they may be affected.
L Tse and Q G Rayer (2018), Artificial Intelligence in investment and wealth management, DISCUS, available at http://discus.org.uk/artificial-intelligence-in-investment-and-wealth-management/, 3 pages, 20 September 2018.