Artificial Intelligence is reshaping the wealth management industry, but how can firms harness its full potential? In this insightful session at the 9th India Wealth Management Conference, Vikram Srinivasan, CEO and Co-founder of Needl.ai, discusses the transformative role of AI in delivering smarter, faster, and more personalized wealth management services.

Moderated by Shreenivas Kunte, CFA, Ph.D., Senior Lead – Automation and Content at HDFC Asset Management Company Ltd., the session explores real-world applications, challenges, costs, and future trends in AI adoption for financial services.

Vikram shares practical examples of integrating AI into repetitive wealth management tasks, using AI for investment decision support, and leveraging deep tech to improve efficiency. He also addresses critical questions such as whether AI can predict stock performance, the risk of over-investment in Gen AI, and the opportunities AI presents for both finance and tech professionals.

Whether you are a wealth manager, financial advisor, technologist, or simply curious about how AI will shape the industry, this session offers valuable insights, actionable takeaways, and resources to help navigate the AI-powered future of wealth management.

0:00 – Welcome and Introduction
2:50 – Setting the context for AI in wealth management
4:40 – Overview of AI capabilities and its usage around the world
6:40 – Why and how wealth management industry should consider using AI tools more?
11:35 – Example of using AI in wealth management services
19:40 – Challenges in getting AI to the promised land
23:50 – How future of AI looks like?
25:10 – Vikram’s views on deep tech and deep learning
27:10 – Integrating AI tools into existing wealth management’s repeated tasks
29:55 – Costs of integrating AI tools into existing wealth management’s practices
31:45 – Use of AI in creating session’s presentation
32:40 – How to make decisions on how and which AI tools to use?
37:00 – Can AI be good at stock predictions?
38:25 – Are firms over-investing in Gen AI capabilities?
41:30 – Career opportunities for software developers and finance professionals
43:00 – LLMs for general tasks with minimal computing requirements
43:55 – Vikram’s professional journey so far and future views or goals
46:05 – Websites, books, or other resources to look at

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The Indian Association of Investment Professionals (IAIP), the India Society of CFA Institute, was established in Apr 2005 as an association of local investment professionals consisting of portfolio managers, security analysts, investment advisors and other financial professionals.

As one of the over 160 CFA Institute member societies, the IAIP connects local CFA Institute members to a global network of investment professionals. For the continuing up-gradation of knowledge and skills of members, IAIP conducts speaker events, workshops led by leading finance professionals.