GITNUX MARKETDATA REPORT 2024

Ai In The Wealth Management Industry Statistics

The increasing use of AI technologies in the wealth management industry is expected to improve efficiency, personalize services, and enhance investment decision-making.

Statistic 1

"77% of wealth management clients globally prefer hybrid advice, which combines human and AI interactions."

Sources Icon

Statistic 2

"45% of wealth managers believe AI will have a significant impact on their firm's competitive ability."

Sources Icon

Statistic 3

"Over 35% of wealth management businesses state that they are in the process of implementing AI."

Sources Icon

Statistic 4

"Top-tier wealth management firms have already managed to achieve a 50% reduction in client onboarding time by leveraging AI technology."

Sources Icon

Statistic 5

"The global AI in wealth management market is projected to grow at a CAGR of 37.8% during the forecast period 2021-2026."

Sources Icon

Statistic 6

"AI will help wealth managers to potentially increase their client base by 20%."

Sources Icon

Statistic 7

"76% of wealth management executives state that integrating AI is a priority for their firms."

Sources Icon

Statistic 8

"AI can reduce the costs of wealth management services by 45% over the next five years."

Sources Icon

Statistic 9

"The use of AI is expected to generate additional annual value of $1.2 trillion in the wealth management sector by 2030."

Sources Icon

Statistic 10

"78% of wealth management firms believe that AI will fundamentally change the wealth management industry."

Sources Icon

Statistic 11

"Currently, only about 20% of the world’s wealth managers are actually utilizing AI technology."

Sources Icon

Statistic 12

"71% of high-net-worth individuals are willing to receive automated (AI) investment services."

Sources Icon

Statistic 13

"AI can improve utilisation rates, one measure of productivity, by as much as 50% in wealth management."

Sources Icon

Statistic 14

"64% of millennials prefer AI-based investment platforms for wealth management."

Sources Icon

Statistic 15

"AI in wealth management is forecast to drive upwards of 90% of total cost reductions."

Sources Icon

Statistic 16

"42% of wealth managers plan to add new AI functions to client-facing platforms over the next year."

Sources Icon

Statistic 17

"Over 80% of wealth management clients are demanding better, more personalized advice – a need that AI can meet."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!