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Digital Wealth Asia Forum 2019 HK - Exclusive Insights - Bernard Lee - 2

Bernard Lee of HedgeSPA

Dec 2, 2019

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1. Financial modelling, portfolio management and asset allocation: What’s the role of AI in the future?

Video transcript

1. Financial modelling, portfolio management and asset allocation: What’s the role of AI in the future?

The primary role are two things. One is that automation can help cut some of the costs, or at least when customers want to customise, they don't necessarily have to scale up the headcount. Then two, data and analytics can help improve performance. Generally, what that would mean is that you're going to probably, what you see with the wealth management world, is that you're going to have what we call the have and the have-nots. People that have technology, their costs go down and their performance go up. Then on the other side, they may face challenges just to stay in business simply because they may not be able to charge the kind of fees that they're charging right now.

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