AI advice and AI advice driven execution is a wake-up call to wealth managers charging high fees.
In the US, Charles Schwab (NYSE:SCHW) fell by 8% as news of AI platform Altruist's new product, that unleashes AI-powered tax planning within its Hazel platform caused a stir amongst investors.
In the UK, IG Index dropped 3%, CMC Markets dropped 3.5% and AJ Bell dropped 6.27%.
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