This whitepaper explains how generative AI is becoming central to wealth management as industry pressures mount, including the Great Wealth Transfer (projected $84.4T over two decades), the rise of digital-first investors who expect real-time, personalized insights, and intensifying regulatory and market complexity that pushes firms toward automated compliance and risk controls (pages 4–5). It outlines the wealth management lifecycle from onboarding and planning through investment management, engagement, monitoring, and compliance, and shows how generative AI can support each stage with faster research synthesis, scenario simulation, tailored recommendations, chatbots, reporting, and fraud and compliance automation (pages 6–9). It emphasizes that outcomes depend on data quality and governa

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