Wealth management is one of the highest-leverage AI use cases in financial services because so much of the work is text-based (client communications, planning narratives, market commentary). The SEC and FINRA compliance constraints are real. Here is what works.
1. Client meeting prep. Generate briefing docs from prior meeting notes + recent portfolio activity.
2. Market commentary. Weekly or monthly market updates personalized to client segments.
3. Planning narratives. Translation of financial plan output into client-readable narratives.
4. Marketing content. Blog posts, social, newsletters — within compliance constraints.
5. Prospect outreach. Research-driven outreach to potential clients.
1. SEC/FINRA review. All client-facing communications go through compliance review, whether AI-drafted or not.
2. Books and records. AI-drafted communications subject to same record-keeping rules as human-drafted.
3. Suitability and fiduciary duty. AI does not replace fiduciary judgment. Always human.
4. Advertising rules. Marketing content subject to existing advertising rules — does not get relaxed because AI drafted it.
Investment recommendations. Always human.
Suitability determinations. Human judgment, every time.
Direct client investment instructions. Authentication and authorization required.
Final client-facing planning documents. Always reviewed and signed by human advisor.