As we move forward in 2024, wealth managers cannot afford to ignore the potential of AI. The wealth management industry is reaching a breaking point due to increasing client expectations and competition. AI in finance can be implemented as a strategic enabler for asset managers to improve efficiency and productivity.
Soon, AI will become a must-have tool for wealth managers, enabling them to gain a 360-degree view of the market and their prospective stocks. Thus AI for wealth managers allows them to thoroughly understand underlying company and macro factors to enhance decision-making.
The Photon Insights AI solution is highly efficient in analyzing large data pools. This data can be retrieved from both internal documents as well as the greater internet, providing intelligent insights.
Improving Company Research
Asset managers are largely evaluated by their ability to select equities and support client preferences. Photon Insights provides an innovative AI solution to get a complete picture of prospective stocks and securities. In this way, wealth managers will have access to information they would have trouble extracting from their extensive universe of data.
By extracting insights in real-time instead of reading through 1000s of documents and files, wealth managers will save a tremendous amount of their time. AI will alert them about the potential early warnings and impactful pieces of information, thus improving their workflow and provide more value to their clients.
Highly Secure AI
Security has always been at the forefront of the wealth management industry, whether it be parsing through proprietary internal documents or doing sensitive financial research. It is evident AI can help improve productivity and performance, but security is paramount.
Photon Insights AI Platform is highly secure – rest assured for wealth managers, your data is protected and siloed, for your eyes only. Photon Insights even offers on-premise or private cloud deployments so that your data will never leave your servers.
With Photon AI solution, you can confidently leverage the power of cutting-edge LLMs blended with classical machine learning, with peace of mind that your data is your data alone, providing comfort to wealth managers and clients.
The Time to Embrace AI is Now
As wealth management is shifting towards a more digitized and democratized landscape, firms adopting AI early will gain major competitive advantages. Photon Insights AI solution has immense potential to improve decision-making and productivity and will do so in a safe and secure manner.
