The European wealth management industry is undergoing a profound transformation. For decades, advisory services appeared “free” to clients, since banks and distributors were compensated through retrocessions on the products they sold. But this model is being challenged. The European Commission’s Retail Investment Strategy is pushing for greater transparency and the elimination of conflicts of interest — a path already taken by the UK and the US, where retrocessions are banned and advisory fees are paid directly by clients.

In recent years, Artificial Intelligence has moved from being a technological promise to an operational reality for the world of asset management.

The asset and wealth management industry is at a critical inflection point. While Artificial Intelligence is no longer a distant concept, many firms still struggle to move beyond isolated experiments toward scalable, production-grade solutions.