Michael Thrasher

Former wealth management CTO Doug Fritz breaks down AI, explains how advisors can use it now and what to expect in the future.

Since 2012, lenders have become increasingly comfortable with RIAs.

The brokerage is also hiring more banking specialists to work with its advisors.

The Swiss bank said local client service and advisor models will be maintained and benefit from integrated middle- and back-office functions.

The bank said wealth management should achieve a pre-tax margin of 26-28 percent this year, even as it continues to invest in the business.

Market conditions have set the stage, and a short list of consolidators have capitalized more than others.

The bank’s wealth management unit posted $18.6 billion in revenue, added 560 advisors over the course of 2017, and for now remains committed to the Broker Protocol.

The broker/dealer plans to begin rolling out the new service to advisors this month.