Market Intelligence
What Companies Are Doing with AI
33 developments tracked · Wealth management & financial services · Updated March 2026
All Intelligence — 33 entries
AI platforms Hazel and Avantos pressure bank wealth units to modernize as independent channel accelerates
Altruist's launch of Hazel, an AI-based tax planning capability built via its 2025 acquisition of startup Thyme, triggered an estimated $130 billion market value wipeout across Raymond James, Charles Schwab, and LPL Financial within two days, while bank wealth divisions were largely spared due to structural insulation. Hazel combines meeting intelligence, live custodial data, and tax planning into a single advisor environment, enabling productivity expansion and proactive next-best-action engagement for advisors managing large, heterogeneous books. Avantos, a recently launched AI-native platform for institutional wealth management, layers a knowledge graph across core systems to enable advisors, servicing teams, and AI agents to operate with shared context, with Mercer Advisors reporting active deployment across tens of thousands of clients. Bank wealth units face three key investment areas to capture this opportunity: data completeness, supervisory workflow with compliance architecture, and change management for captive advisor adoption. Datos Insights positions Hazel as a competitive reference point for bank wealth leaders and Avantos as the more actionable institutional-scale opportunity.
HSBC Private Bank deploys Wealth Intelligence gen AI platform for wealth management staff
HSBC Private Bank has deployed a generative AI platform called Wealth Intelligence designed for use by its wealth management staff. The platform was initially reported by Asian Banking & Finance in September 2025 and has now been formally announced by HSBC Private Bank. Wealth Intelligence is intended to support relationship managers and advisors in their day-to-day workflows. The rollout reflects HSBC's broader push to embed AI-driven tools across its private banking operations globally.
Betterment Launches AI-Enabled Account Recommender as Part of Enterprise AI Strategy
Betterment has launched an AI-enabled Account Recommender tool as part of its broader enterprise AI strategy. The product is designed to guide users toward appropriate account types based on their financial needs. The launch represents a step forward in Betterment's ongoing effort to integrate AI capabilities into its platform. The announcement was made on March 9, 2026 via PR Newswire.
LPL Financial Expands Partnership With Anthropic to Advance AI Capabilities
LPL Financial has expanded its partnership with Anthropic, according to a report published on February 24, 2026. The article is categorized under ThinkAdvisor's Technology and Artificial Intelligence sections, indicating a focus on AI-driven capabilities within the wealth management space. No further details about the specific terms, scope, or financial aspects of the expanded partnership are available from the article content provided.
Robinhood launches Cortex AI — real-time market analysis and trade rationale for retail investors
Robinhood has launched Cortex, an AI system that provides real-time market analysis, earnings summaries, and trade rationale for any equity or options position. Cortex aggregates news, analyst reports, social signals, and options flow to produce plain-English explanations of what is moving a stock and why. The product is aimed at democratizing institutional-grade research for retail investors. Early reviews highlight the quality of options flow interpretation as a genuine differentiator over competitors.
Goldman Sachs deploys GS AI Platform to 46,000 employees firm-wide
Goldman Sachs has completed the firm-wide rollout of its GS AI Platform to all 46,000 employees, making it one of the most comprehensive enterprise AI deployments in financial services. The platform integrates generative AI into document drafting, code generation, and client analysis workflows. Goldman's chief information officer described it as the most important technology infrastructure investment since electronic trading. The bank has also announced a partnership with Anthropic to develop autonomous compliance agents.
DBS named World's Best AI Bank — 1,500 AI models in production
DBS Bank has been named the World's Best AI Bank by Global Finance Magazine for the third consecutive year, with over 1,500 AI models running in production across the bank. DBS has embedded AI across every business unit — from treasury risk management to retail banking chatbots. The bank attributes $1 billion in annualized value to its AI program. DBS's AI governance framework, including model validation and ethical AI standards, is now being studied by regulators across Asia as a template for responsible AI deployment in banking.
Altruist Adds Real-Time Custodial Data to AI Platform Hazel, a First for Wealth Management
Altruist has integrated real-time custodial data — including account, beneficiary, household, holdings, and balance information — into Hazel, its AI platform for independent RIAs, marking what it claims is an industry first. Hazel can now perform household-level concentration analysis, surface asset-class or sector exposure, and run beneficiary summaries in seconds using live custodial records. The platform also unifies CRM, email, and meeting notes alongside this custodial data. Altruist CEO Jason Wenk stated plans to extend Hazel with additional custodian integrations and the ability to initiate actions directly on Altruist from within Hazel. Hazel is available as a standalone platform with a free trial and is designed to serve advisors regardless of where they custody assets.
Public launches AI-powered brokerage letting users build custom indexes and automate portfolio actions
Investing platform Public is launching an AI-powered brokerage that allows users to research, build, and manage portfolios using artificial intelligence. Starting Monday, users can create custom investable indexes by prompting AI with criteria such as P/E ratio thresholds and tariff resistance, with these self-directed ETF-like products carrying a fee of 49 basis points. Public also plans to launch an AI-powered wealth and portfolio manager in early 2026, enabling automated actions such as auto-investing cash, auto-buying dips or selling rallies, and tax-loss harvesting advice. The company noted that when it previously launched an AI research assistant, nearly half of conversations led to a transaction within 24 hours. Public says investment decisions remain self-directed to stay within regulatory guardrails, and the platform is increasingly drawing account transfers from Charles Schwab and Fidelity rather than Robinhood.
Webull unveils Vega — AI decision partner with voice-activated trade execution and real-time portfolio analysis
Webull launched Vega, the next evolution of its AI-powered decision partner for active retail traders. Vega supports voice-activated order placement, real-time portfolio risk analysis, and natural language queries about market conditions and individual positions. The assistant can execute complex multi-leg options strategies via voice command and provide plain-English explanations of why positions are moving. Vega is designed for self-directed traders who want AI augmentation without surrendering control of their investment decisions.
Arta expands Arta AI to empower financial advisors and wealth managers with an AI Sidekick
Arta Finance announced the expansion of Arta AI, positioning it as an AI Sidekick designed to empower financial advisors and wealth managers. The company also disclosed it has onboarded new institutional customers as part of this expansion. The announcement signals Arta's strategic push to extend its AI capabilities beyond individual investors toward serving the broader wealth management and financial advisory market.
UBS Appoints Daniele Magazzeni as Chief AI Officer to Lead Firm-Wide AI Strategy
UBS has appointed Daniele Magazzeni as Chief Artificial Intelligence Officer, effective 1 January 2026, to advance the firm's AI strategy and increase adoption of new technologies. Magazzeni joins from J.P. Morgan, where he served as Chief Analytics Officer for the EMEA region and the Commercial and Investment Bank, and previously was Associate Professor of Artificial Intelligence at King's College London. He will lead the Chief Artificial Intelligence Office, overseeing deployment of AI-powered tools at scale, maintaining standards, and building technological foundations across the organization. Magazzeni will report to Mike Dargan, Group Chief Operations and Technology Officer, and be based in London. UBS currently has over 300 live AI use cases and is rolling out AI-powered tools to all employees, including M365 Copilot and its in-house AI Assistant Red.
UBS appoints Daniele Magazzeni as Chief AI Officer to lead firm-wide AI strategy
UBS has appointed Daniele Magazzeni as Chief Artificial Intelligence Officer, effective 1 January 2026, to advance the firm's AI strategy, boost innovation, and increase adoption of new technologies. Magazzeni joins from J.P. Morgan, where he served as Chief Analytics Officer for the EMEA region and the Commercial and Investment Bank, and previously held a role as Associate Professor of Artificial Intelligence at King's College London. He will lead the Chief Artificial Intelligence Office, overseeing the deployment of AI-powered tools and processes at scale, and will report to Group Chief Operations and Technology Officer Mike Dargan. UBS has already launched several large-scale AI initiatives called 'Big Rocks' and currently has over 300 live AI use cases, with tools such as M365 Copilot and its in-house AI Assistant Red being rolled out to all employees. Magazzeni will be based in London and focus on reshaping business capabilities to improve client experience and enhance employee productivity.
DBS Named World's Best AI Bank
DBS has been named the World's Best AI Bank according to a recognition announced on 15 October 2025. The article headline and title confirm the award but the body content available in the provided markdown is limited to navigation elements and does not contain further detail about the awarding body, criteria, or specific AI initiatives cited.
Aladdin Wealth launches AI Auto Commentary tool; Morgan Stanley Portfolio Risk Platform first to deploy
Aladdin Wealth, BlackRock's wealth management technology platform, has launched an AI-powered 'Auto Commentary' feature that converts complex portfolio analytics and client investment preferences into concise, personalized narratives for financial advisors. The tool combines Aladdin Wealth's risk analytics, a firm's CIO market outlook, and client portfolio data, using generative AI to assess hundreds of data points and surface the most relevant insights. Morgan Stanley's Portfolio Risk Platform — which integrates BlackRock's Aladdin risk analytics with Morgan Stanley data — will be the first to implement Auto Commentary, beginning in October 2025. The feature is designed to reduce time spent on labor-intensive research so advisors can focus more on client conversations and delivering actionable insights.
Fidelity Investments Launches Fidelity Trader+, Integrated Advanced Trading Platform Across Web, Desktop & Mobile
Fidelity Investments has launched Fidelity Trader+, an integrated trading ecosystem designed for advanced traders that delivers real-time insights, dynamic visual analytics, and powerful trading tools across web, desktop, and mobile platforms. The platform allows traders to start a trade on one device and complete it on another, with saved orders, custom charts, and streaming data synced across all devices. Features include a fully rebuilt downloadable desktop platform with advanced charting, customizable interface, and integrated screen sharing with Fidelity trading specialists. The platform is offered free of charge and includes $0 commissions for online U.S. stock and ETF trades, free third-party analyst ratings, custom alerts, and access to Fidelity Crypto on mobile and web, with desktop crypto integration planned for 2026. Fidelity reported assets under administration of $16.4 trillion, including discretionary assets of $6.4 trillion as of June 30, 2025.
HSBC Launches AI-Powered Wealth Intelligence Platform
HSBC has launched an AI-powered Wealth Intelligence platform, as reported by Fintech Global on 18 September 2025. No further details about the platform's features, target clients, or geographic rollout are available in the extracted article content.
Citi Wealth Launches AI Tools 'Advisor Insights' and 'AskWealth' to Enhance Client Communications
Citi Wealth's Data, Analytics & Innovation team has launched two AI-powered tools: Advisor Insights and AskWealth. Advisor Insights provides bankers and advisors with a tailored dashboard featuring timely messages about market turns, portfolios, and current events, including insights from Citi Wealth's Chief Investment Office. AskWealth is a GenAI-powered conversational assistant that gives service teams, advisors, and managers instant answers across the Wealth ecosystem to resolve client inquiries and access market research. Advisor Insights is currently in pilot with Citigold and Citi Private Client North America, with expansion to North America Citi Private Bankers and international colleagues planned for Q4 2025 and Q1 2026. AskWealth is already available globally following a successful launch in Asia.
FNZ launches Advisor AI — end-to-end meeting workflow automation for 650+ wealth management institutions
FNZ, the global wealthtech platform serving over 650 financial institutions with approximately $2 trillion in assets under administration, launched Advisor AI — an embedded AI layer that automates the full advisor meeting lifecycle. The platform handles pre-meeting research and briefing generation, real-time in-meeting assistance with portfolio data retrieval, and post-meeting action item documentation and follow-up drafting. FNZ's scale means Advisor AI can deploy instantly across hundreds of wealth management firms without individual implementation projects, making it one of the largest AI rollouts in the wealth management infrastructure space.
eToro launches Tori AI companion and Alpha Portfolios — AI-driven social investing goes mainstream
eToro introduced Tori, an AI-powered companion that guides users through market volatility, explains portfolio performance in plain language, and surfaces relevant community insights from eToro's social trading network. Alongside Tori, eToro launched Alpha Portfolios — seven AI-driven investment strategies that continuously rebalance based on market signals and user risk preferences. With $31B in assets under management, eToro is merging social trading with AI-driven portfolio management to retain retail investors who might otherwise migrate to robo-advisors.
Savvy Wealth raises $72M Series B to accelerate AI-augmented advisor platform and RIA expansion
Savvy Wealth closed a $72 million Series B funding round led by Industry Ventures, bringing total funding to over $100 million. New investors include Vestigo Ventures — founded by former LPL Financial CEO and Chairman Mark Casady, who also joins Savvy's Board of Directors — and Euclidean Capital, alongside existing investors Canvas Ventures, Thrive Capital, The House Fund, Brewer Lane Ventures, and former Focus Financial executive Vamsi Yadlapati. The company plans to use the capital to accelerate its core technology, hire technical talent, expand recruitment of independent advisors to its affiliate RIA Savvy Advisors, and develop AI solutions that build personalized knowledge bases on individual clients. According to industry data from Carta, Savvy is in the top decile for speed between Series A and B funding rounds, having completed its Series A in August 2024.
Vanguard Launches Generative AI Client Summaries Tool for Financial Advisors
Vanguard has unveiled a generative AI-powered client summaries feature designed for financial advisors. The tool is intended to help advisors more efficiently access and synthesize client information. The announcement was made via PR Newswire on May 5, 2025. Further details about the feature's specific capabilities and rollout were included in the full press release.
Altruist Raises $152M Series F Led by GIC, Valued at $1.9B to Expand RIA Custodian Platform
Altruist, a modern custodian for independent RIAs, has raised $152 million in Series F funding led by GIC, valuing the company at approximately $1.9 billion. Additional participants include Salesforce Ventures, Geodesic Capital, Baillie Gifford, Carson Family Office, and ICONIQ Growth. The company now serves over 4,700 advisors and has tripled assets under management for two consecutive years, while market share jumped from 2.85% to 6.25% per the 2025 T3 Software Survey. In 2024, Altruist launched new products including a high-yield cash account, automated tax management tools, and a digital fixed-income trading experience, achieving triple-digit growth in revenue, brokerage accounts, and advisors served. The funding will support continued innovation, enterprise market expansion, and third-party trading integration enhancements.
Arta Finance Launches Arta AI: AI-Guided Private Wealth Platform
Arta Finance announced the launch of Arta AI, a private wealth platform guided by artificial intelligence. The product launch was announced on April 2, 2025. The article content available does not provide further detail beyond the announcement headline and publication metadata.
Arta Finance Launches Arta AI: AI-Guided Private Wealth Management Platform
Arta Finance announced the launch of Arta AI, a private wealth management platform guided by artificial intelligence. The product is designed to bring AI-driven wealth guidance to its users. The announcement was made on April 2, 2025 via PR Newswire.
Schwab's 2025 Independent Advisor Outlook Study: Trust, Talent & Technology Shaping Independent Advice
Charles Schwab published its 2025 Independent Advisor Outlook Study, examining how trust, talent, and technology are shaping the next era of independent financial advice. The study focuses on trends affecting registered investment advisors (RIAs) and independent advisory firms. Key themes include the evolving role of technology — including AI — in advisor workflows, talent acquisition and retention challenges, and client trust dynamics. The article content provided is limited to navigation and press release metadata, with the full study findings not fully rendered in the supplied markdown.
LPL Financial Launches AI Advisor Solutions Program to Boost Advisor Productivity
LPL Financial has launched a curated program called AI Advisor Solutions, aimed at helping financial advisors maximize their time, deliver personalized client experiences, and leverage data for more sophisticated financial advice. The initiative is designed to address a widely reported challenge in the industry: nearly a third of financial advisors report not having enough time to spend with clients, according to J.D. Power's 2023 U.S. Financial Advisor Satisfaction Study. LPL Financial describes itself as a leader in the wealth management industry and positions this program as a tool to help advisors provide more bespoke and data-driven services.
Farther Raises $72M Series C Led by CapitalG and Viewpoint Ventures to Expand AI-Driven Wealth Platform
Farther, a technology-driven wealth management firm, has secured $72 million in a Series C funding round led by CapitalG and Viewpoint Ventures. The capital is intended to continue the company's efforts to revolutionize wealth management through its technology platform. The round signals continued investor confidence in AI-native approaches to financial advisory services.
Franklin Templeton Selects BlackRock's Aladdin to Unify Investment Management Technology Platform
Franklin Templeton has selected Aladdin by BlackRock to unify its investment management technology platform across public market asset classes. Aladdin will provide a single investment book of record, support business transformation, and help simplify operations while reducing long-term capital expenses. The platform will preserve the autonomous investment processes of Franklin Templeton's specialist investment managers. The transition is set to begin in fiscal 2025, will be phased over multiple years, and is described as seamless to clients.
Morgan Stanley Launches AI @ Morgan Stanley Debrief, an OpenAI-Powered Meeting Notes Tool for Advisors
Morgan Stanley Wealth Management has launched AI @ Morgan Stanley Debrief, an OpenAI-powered tool that, with client consent, generates meeting notes, surfaces action items, summarizes key points, drafts follow-up emails, and saves records into Salesforce on behalf of Financial Advisors. The tool is the latest addition to Morgan Stanley's AI @ Morgan Stanley suite, which began with the firm's OpenAI strategic partnership announced in March 2023 and the rollout of the AI @ Morgan Stanley Assistant in September 2023. Financial Advisors in early feedback reported saving approximately half an hour per meeting through automated notetaking. The firm's broader AI vision, as articulated by Head of Firmwide AI Jeff McMillan, is to build an AI interaction layer sitting between colleagues and applications such as CRMs, order entry, reporting, and risk analysis tools.
Morgan Stanley Launches AI @ Morgan Stanley Debrief, an OpenAI-Powered Meeting Notetaker for FAs
Morgan Stanley Wealth Management has launched AI @ Morgan Stanley Debrief, an OpenAI-powered tool that, with client consent, generates meeting notes, surfaces action items, and drafts follow-up emails for Financial Advisors. After a meeting, the tool summarizes key discussion points, creates a draft email for the advisor to review and send, and saves a note directly into Salesforce. The launch follows Morgan Stanley's strategic partnership with OpenAI announced in March 2023 and the full rollout of the AI @ Morgan Stanley Assistant in September 2023. To date, 98% of Financial Advisor teams have adopted the Assistant. Morgan Stanley's Head of Firmwide AI, Jeff McMillan, described the long-term vision as an AI interaction layer sitting between colleagues and applications such as CRMs, order entry, reporting tools, and risk analysis.
BofA's Erica AI Assistant Surpasses 2 Billion Interactions, Serving 42 Million Clients Since Launch
Bank of America's AI-powered virtual assistant Erica has surpassed 2 billion total interactions since its launch, serving 42 million clients. The milestone underscores the scale at which BofA has deployed conversational AI across its consumer banking platform. Erica is accessible through the Bank of America mobile app and provides clients with financial guidance, account information, and transaction support.
Wealthfront Launches 'Time Off' Financial Planning Feature
Wealthfront launched a new 'Time Off' planning feature, as reported by WealthManagement.com in July 2018. The article content provided does not include further details about the feature's functionality, target users, or implementation specifics beyond the headline announcement.