AI pushes wealth managers away from clients with under $1 million
Why it matters: firms including Citi are using AI to automate portfolio reviews and shift human advisers toward richer clients and complex family decisions.
Subject
#Wealth Management
Banks tap SpaceX IPO to court ultrawealthy clients in New York
Why it matters: The offering could generate more than $500 million in fees while deepening private-bank ties as wealth competition intensifies.