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The article highlighted how the wealth management sector is being impacted by artificial intelligence, with expectations that companies will increasingly shift their focus away from providing services to human clients with liquid assets exceeding one million dollars. Instead, AI can deliver high-quality services to the mass affluent segment, whose assets range from $100,000 to $1 million. While human wealth managers are being asked to concentrate on the emotional and relational aspects of serving their wealthier clients, advancements in AI tools and techniques are enhancing productivity and enabling the delivery of personalized services. This shift is transforming the nature of jobs in the sector and increasing the need for expertise in AI governance.
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