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Story summary
- Citi is deploying AI tools that automate portfolio reviews and draft CIO emails, while it plans to add 400 U.S. retail wealth advisers and 100 staff, according to Joe Bonanno.
- Debasish Patnaik, a senior partner at McKinsey, predicts AI will serve $100,000 to $1,000,000 in assets and will shift hiring toward specialist roles.
- UBS reports that 90% of its U.S. advisory teams already use an AI platform to improve productivity.
