The firm is spending about $4 billion in an initiative that spans trading ― particularly in fixed income ― wealth management and other units.

The fund provides access to China-based companies committed to implementing the digital ledger technology. Plus; other launches.

The planned closures come just months after the firm introduced a lineup of artificial intelligence-driven products.

Banks are opting for a hybrid approach, augmenting in-person advice with digital guidance.

About 41% of households prefer a mix of human and digital advice.

Digital-first firms are applying artificial intelligence and machine learning in ways not seen in the financial planning software currently available to planners.

The tech giant's data division rolls out new apps for clients — and links to Alexa.

As a senior research analyst at Robo Global, Lisa Chai helps manage a portfolio of index funds with a focus on robotics, automation and AI-related companies.

Vanguard, Betterment and Fidelity are among the clients of the tech giant's cloud computing platform.

Listen up, advisors — chatbots are talking their way into wealth management. Some see them as part of a low-cost, entirely automated option that commoditizes financial advice even further.