Citi Says AI Cuts Portfolio Reviews to Minutes as Globalization Lifts Cross-Border Wealth Demand
Updated
Updated · South China Morning Post · Oct 28
Citi Says AI Cuts Portfolio Reviews to Minutes as Globalization Lifts Cross-Border Wealth Demand
1 articles · Updated · South China Morning Post · Oct 28
Summary
Portfolio reviews that once took much longer can now be completed in minutes, Citi executives said, arguing AI is reshaping wealth management by speeding analysis while freeing advisers for more client conversations.
Yeo Wenxian and Sylvia Zhang said the adviser’s role has shifted from delivering raw information to filtering fast-moving global data into relevant guidance, as clients grow overwhelmed by the volume of market updates.
That matters most for affluent clients with assets, businesses and family ties across multiple countries, where advisers must navigate different tax regimes, regulations, cultures and estate-planning needs.
Citi also sees rising demand for succession planning, especially in North Asia, as first-generation founders seek to transfer businesses, values and family legacies to heirs whose investment priorities may differ.