Merrill Lynch Becomes Latest Wall Street Firm to Launch AI Client Meeting Tool [Yahoo! Finance]
Morgan Stanley (MS)
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Source: Yahoo! Finance
Merrill's latest AI technology wants to crash your next client meeting. The Wall Street bank, along with Bank of America Private Bank, announced the rollout of Meeting Journey this week, an AI-powered tool designed to automate client meetings, handling everything from gathering recent client activity and insights beforehand, to following up with notes and next best actions afterward. The technology can save advisors as much as four hours per meeting, according to a release, which sounds like a lot . If the promised efficiencies hold up, however, tools like this could fundamentally reshape how advisors allocate the hours in their day. Basically, AI handles the paperwork, advisors handle the people. “This is time our teams are reinvesting into client engagement,” said Shimna Sameer of BofA Private Bank. Sign up for The Daily Upside at no cost for premium analysis on all your favorite stocks. READ ALSO: Almost 11,200 Advisors Switched Firms Last Year and Vanguard Joins Invesco i
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