The wealth management industry, traditionally defined by its reliance on human expertise and client trust, is at a pivotal juncture. Artificial intelligence (AI) is revolutionizing the construction of portfolios, offering precision, speed and insights beyond human capabilities. For registered investment advisers (RIAs), this represents both a challenge and an opportunity. Navigating the increasingly complex investment landscape while addressing bespoke client needs is no mean feat. Even so, AI provides the tools to analyze vast datasets, automate processes, and align client financial goals with their investment portfolios more precisely.

But what is the current state of AI in portfolio construction? What is its transformative potential? What are the tools available to RIAs? And what are the practical steps necessary for integration?

Alongside the promise of AI lie challenges (costs, complexity and client apprehensions) that require careful consideration. For those who