Generative AI is making inroads into the wealth and asset management sector, revolutionizing traditional financial practices. Mercer global alternatives leader Raelan Lambert joins Wealth! to explore how this technology is transforming the world of finance.
Lambert emphasizes that the impact of AI in finance varies "depending on where managers are incorporating it into their process." The technology is being leveraged to create innovative investment strategies, enhance data analysis capabilities, and optimize overall portfolio management, ultimately improving the investment experience for clients.
Lambert further explains, "Managers are finding ways to integrate that technology into their data rooms and into how they are reporting information to their investors. This is cutting down on the amount of time [spent on routine tasks], so they can provide more value and analytics on other aspects of portfolio consideration."
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