Digest June 9th

AI-Powered Financial Advice: Opportunities and Ethical Challenges

Artificial intelligence is increasingly integrated into financial advisory services, offering personalized insights through platforms like Mezzi and PortfolioPilot. While these tools enhance accessibility and efficiency, experts like MIT’s Andrew Lo highlight ongoing challenges in ensuring ethical responsibility and personalized client care. AI serves as a valuable supplement but is not yet a replacement for human advisors, especially in complex financial scenarios. San Francisco Chronicle

Lido Advisors’ Strategic Expansion Amid BlackRock’s Acquisition of HPS

Lido Advisors, managing approximately $30 billion in assets, has sold a majority stake to HPS Investment Partners, which is set to be acquired by BlackRock for $12 billion. This move positions Lido for significant growth, aiming to reach $100 billion in assets under management through organic expansion and strategic acquisitions, including recent deals with Avitas Wealth Management and Pegasus Partners. Barron’s

BNP Paribas Targets UK Wealth Market with ETF Expansion

BNP Paribas Asset Management is enhancing its presence in the UK wealth management sector by promoting exchange-traded funds (ETFs). Responding to growing client demand for low-cost, passive investment options, the firm plans to diversify ETF offerings and reduce reliance on high-cost mutual funds. BNP Paribas recorded $2.8 billion in ETF inflows in the first four months of 2025, up from $1.1 billion during the same period in 2024. Financial News London