Wealth Wizards has launched a white-label robo-adviser powered by artificial intelligence (AI), which it has claimed can be configured specifically to an individual advice firm's preferences.
The LV= majority-owned firm said the main attraction of its new AI-powered robo-adviser was its ability to embrace the advice culture of a specific firm by learning from a firm's book of business and advice history. Wealth Wizards said the white-label robo - named Turo in homage to Alan Turing - can learn from existing compliant cases in an adviser's book to become relevant to that particular advice service and match the firm's existing or desired approach. The firm's CEO Andrew Firth said: "You may be asking, if Wealth Wizard's paraplanner [which it launched in 2017] is that great, w...
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