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."

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Statistic 2

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

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Statistic 3

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

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Statistic 4

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

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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."

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Statistic 6

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

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Statistic 7

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

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Statistic 8

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

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Statistic 9

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

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Statistic 10

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

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Statistic 11

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

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Statistic 12

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

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Statistic 13

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

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Statistic 14

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

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Statistic 15

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

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Statistic 16

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

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Statistic 17

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

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