In investment management, Rhodri Preece, senior head of research at the CFA Institute, says a general characterisation is that firms are starting to deploy AI across different tasks in the value chain.
“From client onboarding through to research and analysis, portfolio construction, trading and execution, there are applications across each of those components of the investment value chain.”
But he also says that AI is not yet widespread in the industry.
“I would say most firms are not yet at that point where they’ve embedded these processes into their business models. I think it’s really more about experimentation and adoption and targeted-use cases, rather than it being a widespread part of how firms do business at this point.
“But we expect that will only grow; the adoption rates will only grow over time.”
Chloe Cheung is a senior features writer at FTAdviser
