South Africa - Personal
New York Stock Exchange-listed US financial services company offering brokerage, investment advisory, and banking services.
"Online brokers like LPL Financial and Charles Schwab sold off by over 15% as the wealth platform Altruist launched an AI-powered tax planning tool in the US. In our view, the human connection in wealth management remains essential. We expect advisors and platforms like Schwab to leverage AI to meaningfully enhance efficiency and client outcomes – turning the technology into a competitive advantage rather than a threat."
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