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A-$90 Trillion market for grabs: How FINQ plans to lead in AI-driven “Wealth Management” for all

  • September 18, 2023
  • 3 min read


  • Wealth management and AI innovation are reshaping the financial world.
  • The rise of AI-driven investing is transforming the investment landscape.

In an era where data meets human expertise, the financial world stands at the cusp of a transformative phase. Wall Street, rooted in traditional financial methodologies, is embracing wealth management as its new golden child, as highlighted in a recent Economist article, “Wall Street is racing to manage your wealth.” Parallel to this trend is the emergence of AI-driven investing via platforms like FINQ. How does this blend of age-old financial wisdom and advanced artificial intelligence reshape the investment world?

Wealth management’s evolution

The financial landscape has significantly shifted in recent decades, with wealth management rising as Wall Street's “hottest opportunity.” This holistic approach aligns with the increasing complexity of today's financial markets while catering to a changing clientele seeking comprehensive, personalized advice.

Wealth management is the new "star" 

Gone are the days when the financial sector thrived solely on quick stock tips or simple bond recommendations. Wealth management now encompasses a holistic suite of services aimed at helping clients allocate assets, minimize tax bills, and craft well-informed retirement plans. What makes this service even more enticing is its fee structure, typically an annual charge of 1% of invested assets. The lure for financial institutions is unmistakable. By 2030, global liquid assets could surge by a whopping $90 trillion, according to Bain & Company

"By 2030, global liquid assets could surge by a whopping $90 trillion."

Bridging the client-advisor gap

While the financial world often paints a picture of stock pickers who tantalize with pledges to consistently outperform the market, the reality is a stark contrast. Most falter in living up to this promise over the long haul. Meanwhile, even wealth managers, deemed as the industry's fiduciaries, have their biases and limitations despite their commitment to clients' best interests. Amidst this backdrop, how can investors sift through the noise to find true objectivity? This dilemma underscores the need for an impartial platform.
FINQ aims to set a new benchmark for genuinely principled solutions using its future products in order to bridge the gap and provide clarity on financial investments. Its future products will embrace the power of its AI engine to make more personalized and diverse investment solutions. Currently, FINQ peels off the marketing wraps of complex products from the entire market, breaks them down then analyzes and provides rankings that match different investment strategies according to the financial product’s risk level. 

AI's parallel ascent

As Wall Street's age-old practices evolve, so does technology. While finance has been slow to adapt to emerging technologies, AI is no longer knocking on the doors of the investment world; it's ushering in a paradigm shift.

The AI revolution

The AI revolution is reshaping the investment landscape, driven by powerful algorithms and groundbreaking innovations. For example, AI chatbots enhance advisory productivity by offering clients guidance around the clock. Moreover, AI's ability to analyze large datasets reveals previously unseen investment insights and patterns. Unsurprisingly, a recent Accenture survey shows that 98% of financial advisors believe AI is vital for financial advice. In another survey, 90% of 50 polled hedge fund managers said they use AI to meet their return objectives. Experts also predict that the value of algorithmic trading will hit $19 billion by 2024. Meanwhile, AI's role in asset management, now at $2.6 billion, is set to grow at a rate of 24.5% annually through 2030

How AI enhances wealth management in the context of active and passive investing 

Wealth management has historically been synonymous with trust, fiduciary advice, and an elite clientele. Yet, in the interplay between active and passive investment strategies, the digital age, reveals the nuances of each approach. “The passive and the active should work together," emphasizes Eldad Tamir, FINQ's CEO. He further explains, “In the short term, passive isn't suitable due to constant market fluctuations. When it comes to active investing, clients often choose funds based on a basket of irrelevant equity categories. They seldom are able to consider the real risk of their assets, the actual risk/return potential, fund relative equity multipliers, or evaluate how expensive and potentially dangerous they might be.”
So, how does FINQ propose to transform wealth management by seamlessly blending these strategies?

Evolving client needs and AI integration

Tamir highlights the significant shift from traditional, club-like wealth management practices to contemporary, data-driven digital solutions. "The world has changed and continues to do so," he says. "The online digital solutions people seek today are essentially 'wealth management for the many' without exclusive club memberships. As more individuals express interest in the market, there's a blue ocean of opportunities for readily accessible digital investment management and advisory tools." 

"The online digital solutions people seek today are essentially 'wealth management for the many' without exclusive club memberships..."

Final words: Envisioning the future

The parallel ascent of wealth management and AI is redefining the very fabric of finance. It's no longer about crunching numbers but providing customized investment experiences. This union democratizes wealth management, moving it from the confines of exclusivity to a realm accessible to all. Platforms like FINQ are at the forefront, fusing the human element with AI's pinpoint accuracy. As we look ahead, a coordinated blend of tradition and innovation emerges, ushering in an era where wealth strategies are personalized, grounded in data, and available to everyone.

Key takeaways

  • Wealth management is becoming a prominent market oportunity in the financial sector, attempting to offer comprehensive, personalized advice to navigate complex markets.
  • By 2030, global liquid assets are projected to reach $230 trillion, providing a substantial opportunity for financial institutions.
  • AI-driven investing is rapidly reshaping the investment landscape, offering enhanced advisory productivity and revealing new investment insights.
  • Platforms like FINQ leverage AI and big data to create data-driven investment strategies, providing a distinct advantage to modern investors.
    The integration of AI into wealth management brings sharper prediction accuracy, operational scale, and adaptability to market changes.
  • This convergence democratizes wealth management, making it accessible to a wider audience, and platforms like FINQ exemplify this union of tradition and technology.
Bobby’s introduction to stock options at a hi-tech firm left him intrigued and determined to expand his knowledge in finance. With his newfound passion, he pursued a Master’s in Finance from Harvard University, graduating with a 3.87 GPA and Dean’s List Honors. Since then, he has worked as a strategic communications and investor relations specialist catering to a diverse global client base that includes CEOs, CFOs, CFAs, CPAs, private equity executives, venture capitalists, global investment firms, real estate agencies, logistics companies, marketing agencies, startups, and publications. Bobby’s vast expertise and experience make him highly skilled at ghostwriting and producing content for major publications ranging from Forbes to the South Florida Business Journal. However, his byline has also appeared in LA Weekly, SFGATE, The Salt Lake Tribune, Wall Street Zen, Vision Magazine, Gold IRA Secrets, and Metro Manhattan Commercial Real Estate, among others.