Daiwa: AI-triggered wealth management institution stock sell-off may be excessive.

Morgan Stanley has stated that the recent sell-off of European wealth management companies related to artificial intelligence seems somewhat excessive. Morgan Stanley points out that these companies will be able to use artificial intelligence technology to increase productivity, and specifically mentions Fineco as one of the potential beneficiaries of artificial intelligence. Analysts Marina Massuti and Giulia Aurora Miotto suggest that artificial intelligence will help wealth management institutions reach more clients, including those with fewer assets, by automating "everyday client reception and administrative tasks". This could be done without using additional resources.