“As AI becomes embedded in wealth management, ethical concerns around bias, transparency, and data privacy are surfacing that advisors and clients cannot afford to ignore.”

[COMMENTARY] Most of us using AI are keenly aware of the potential ethical issues of its use in wealth management. Companies engaged in wealth management need to develop clear ethical guidelines for all employees, management, and clients regarding the use of AI.
AI and Ethics: A Double-Edged Sword for Wealth Management, by Ryan Munson, July 31, 2024, Wealth Management, USA.