How AI will transform wealth management

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Instead of raging against the machine, serial entrepreneur Adam Dell is encouraging us to embrace AI in financial planning.

“[It] is going to pervade every aspect of our economy,” the Domain Money CEO told Yahoo Finance Executive Editor Brian Sozzi on Yahoo Finance’s Opening Bid podcast (video above; listen in below). “These tools are so powerful.”

The financial services industry has already begun to benefit from what AI can offer.

A study from Ernst & Young revealed 99% of financial services leaders used AI in some manner, while 77% of executives saw generative AI as “an overall benefit to the financial services industry in the next five-to-10 years.”

AI is seen as a tool by wealth management platforms to personalize client services, assist with gathering information to…

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