The work of asset managers is complemented by technologies, including AI. A number of processes are being automated, they are becoming faster and more standardized. Already, generative AI allows creating "co-pilots" for financial advisors - routine but time-consuming tasks are automated: opening accounts, checking legal documents, etc.

The fintech industry and its investment branch, wealthtech, are actively gaining momentum. According to FT Partners, as of June 2023, there were more than $4 trillion under management of technology solutions (through investment platforms and robo-advisory services). Similar to many markets, the question has become relevant in the wealth management industry: how soon will humans be replaced by robots?

However, in wealth management, things are not so linear - the market is changing not so much because of technology as because of new demands and needs of the target audience. Moreover, it is these new demands that are pushing the technologization of the financial market.

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