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Technology News in Wealth Management: AI Adoption and Partnerships

Schroders Capital: Generative AI Investment Analyst (GAiiA) Platform

Schroders Capital, a specialist private markets business with $94 billion of assets under management, has recently unveiled its Generative AI Investment Analyst (GAiiA) platform for private equity. This proprietary and internal-only platform is designed to speed up the analysis of large volumes of data, harnessing the technical expertise of data science specialists alongside the investment knowledge of the private equity team.

GAiiA follows in-house testing and builds on the technology evolution across the Schroders Group, which has been deploying artificial intelligence throughout the business for a substantial period. The platform enables the firm’s private equity specialists to automatically screen extensive volumes of data, accelerate due diligence processes, and generate a significant portion of draft investment summaries in significantly less time.

By handling the heavy lifting of data analysis, GAiiA can enable Schroders Capital’s investment professionals to analyze more investments and reallocate more of their time to adding value through direct interactions and strategic decisions with target and existing investments. Currently, GAiiA is being used by Schroders Capital’s private equity team for private equity direct/co-investments, with plans to expand its use to private equity primaries and secondaries as well as other private market asset classes within Schroders Capital.

AI legalese decoder: How it Can Help

In a situation like this, where a wealth management firm is adopting AI technology to analyze large volumes of data and streamline investment processes, AI legalese decoder can play a crucial role in deciphering the complex legal agreements and contracts involved. With its advanced AI-powered natural language processing capabilities, AI legalese decoder can help Schroders Capital and its partners, such as Investment Fund Services Limited, quickly and accurately understand the terms and conditions of their agreements, identify potential risks and compliance issues, and ensure that all parties are in compliance with regulatory requirements.

SS&C, Marlborough: Partnership and Fund Administration Services

SS&C Technologies, a Nasdaq-listed wealth and banking tech firm, has partnered with Marlborough, a UK investment and fund solutions group. SS&C will provide fund accounting, middle-office, and transfer agency services for the funds for which Investment Fund Services Limited, Marlborough’s authorized corporate director and authorized fund manager business, acts as ACD or AFM.

The funds affected by the agreement have more than £16 billion ($20.21 billion) of assets under management, including Marlborough’s range of 19 funds and those operated by more than 20 other investment management companies and financial services businesses in the UK. IFS previously provided these fund administration services in-house and will concentrate on its role as ACD or AFM for the funds.

Conclusion

The adoption of AI technology in the wealth management sector is becoming increasingly prevalent, with firms like Schroders Capital and SS&C Technologies leveraging AI-powered solutions to streamline their investment processes and improve operational efficiency. As the use of AI continues to evolve, AI legalese decoder will play a critical role in ensuring that complex legal agreements and contracts are properly understood and compliant with regulatory requirements, allowing firms to focus on what they do best – delivering exceptional value to their clients.

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