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Alternative Market Briefing

The role of AI in the delivery of legal and private wealth advisory services

Wednesday, December 27, 2017

Komfie Manalo, Opalesque Asia:

Investors need to question what role artificial intelligence will play in the delivery of legal and private wealth advisory services when looking at the future, stated Bryan Glinton, one of the founding partners of the Glinton Sweeting O'Brien law firm at the latest Opalesque Roundtable Series - Family Office Roundtable.

Glinton pointed out that IBM Watson, a question answering computer system capable of answering questions posed in natural language, developed in IBM's DeepQA project, can actually give legal advice on any number of areas with a higher level of accuracy than human lawyers.

"But where I don't see artificial intelligence making a significant in road is when it comes to high net worth individuals," Glinton said and added, "I think such individuals are going to be looking to individuals they have relationships with and who understand the human element that goes into private wealth management planning."

How do family offices view the ascent of AI in finance?

Adding to Glinton's views, Kevin Burrows, the chief investment officer of the Adi Dassler International Family Office, explained that in the investment arena, things like AI or anything that makes the market more efficient, are welcome because it means investors get a more eff......................

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