Direxion’s Rob Nestor and David Mazza discuss hiring and compensation strategies, ETF space developments and the rise of robos.

While a broad-market stock ETF generates fees of as little as 20 cents for every $1,000 invested, AI products range from $1.80 to $8.

Instead of developing new tools, wealth management innovators will focus on making existing planning tech more efficient.

The value custodians offer RIAs is not going away any time soon, but it is has changed.

There are a handful of tools that have started out as consumer-driven tools. Now, they are beginning to shift toward serving advisors, Adams says.

The firm's efforts are a sign of the quickening pace of adoption in wealth management of AI-powered technologies and voice recognition software.

Higher costs are most attributable to technology spending, including investments in artificial intelligence.

Industry leaders look to developments in AI, blockchain and cloud computing as the key drivers of change.

Firms are preparing for tech advances in online fund distribution, digital advice and macro investing.