NEW YORK (Reuters) – The use of artificial intelligence could save Morgan Stanley’s financial advisers between 10 to 15 hours a week, the bank’s CEO Ted Pick told investors at a conference on Monday.
“This is potentially really game-changing,” Pick said. The bank’s tool to transcribe and enter notes from client meetings into a database could increase advisers’ productivity, he said.
It could also help them to fine-tune topics to discuss with individual clients and tailor investment products to clients’ needs, he said.
(Reporting by Niket Nishant and Tatiana Bautzer)
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