Generative AI in Wealth Management Market size is expected to be worth around USD 2,478 Mn by 2032 from USD 225 Mn in 2022, growing at a CAGR of 27.9% during the forecast period from 2023 to 2032.

Wealth management is undergoing a profound transformation driven by advances in artificial intelligence. AI technologies like machine learning and natural language processing are enabling wealth managers to provide hyper-personalized services, automate repetitive tasks, and generate insights from vast amounts of data. With AI, wealth managers can better understand client needs, offer tailored portfolios and financial plans, and provide 24/7 support. Though there are risks like job losses, most experts argue AI will augment advisors' capabilities. The future wealth manager will collaborate with AI to deliver exceptional client experiences.