Digital Adoption for Wealth Management: A Study

Authors: Balaji Ethirajulu

DOI: https://doi.org/10.5281/zenodo.14880868

Short DOI: https://doi.org/g84932

Country: USA

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Abstract: Digital adoption is currently transforming the wealth management industry in substantial ways. This study examines how digital technologies affect wealth management operations by identifying both the advantages and difficulties of this industry transition. It also examines how artificial intelligence (AI), data analytics, and digital platforms function to improve both client experience and operational efficiency. AI-powered tools deliver customized investment advice by analyzing personal data, while data analytics generate useful insights about market movements and client patterns. Digital platforms simplify client interactions and enhance transparency throughout the process. The analysis of upcoming digital adoption trends in wealth management reveals the potential for creating a more efficient and client-focused industry.

Keywords: Digital Adoption, Wealth Management, Artificial Intelligence (AI), Natural language processing (NLP)

Paper Id: 232132

Published On: 2022-03-04

Published In: Volume 10, Issue 2, March-April 2022

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