Digest July 14th

Goldman Sachs & Citi Back AI Planning Platform Conquest

Conquest, used by around 60,000 advisors at firms like Morgan Stanley and Raymond James, has raised $80 million in a Series B funding round, bringing its total to $100 million. The AI-powered platform consolidates key client data to streamline planning and is preparing to launch an AI chatbot that supports, rather than replaces, human advisors. Barron’s

Surging Wealth Among Women Redefines Advisory Strategies

Women’s global wealth grew by 51% from 2018 to 2023, outpacing overall growth, according to McKinsey. By 2030, women are projected to control up to 45% of U.S. and EU retail financial assets. Their investment behavior—more cautious, emotionally steady, and values-aligned—calls for tailored approaches to financial planning, ESG investing, and longevity strategies. Business Insider

JPMorgan’s $18B AI Bet is Reshaping Wealth Management

JPMorgan is deploying AI across 200,000+ employees with nearly 100 tools in development. Already, AI has cut consumer banking service costs by 30% and boosted productivity in wealth management. Tools like Smart Monitor and Connect Coach are streamlining fraud detection, client onboarding, and advisor efficiency, marking a new era in tech-enhanced financial services. Business Insider