Data management

Collaboration is key to the effort since there “is no competitive advantage to be the only firm engaged in data protection."

Ideally, these tools allow clients to view all their accounts in a single location and evaluate the impact of their investments.

Artificial intelligence can help wealth managers serve clients better, but some say the technology is too immature to be useful right now.

The partnership “shows just how much technology is being democratized and customized,” according to one researcher.