The AI in Business Podcast

How AI is Transforming Asset & Wealth Management From Data to Decisions - with Paul Ronan of FE fundinfo

Apr 2, 2025

Join Paul Ronan, Chief Technology Officer at FE fundinfo, as he dives into the transformative role of AI in asset and wealth management. With over 30 years in the financial data industry, he discusses the contrasting perspectives on AI adoption—balancing excitement with caution regarding data quality and regulatory issues. Paul emphasizes the need for robust data foundations and strategies for effective AI integration. Discover how firms can enhance efficiency, personalize client experiences, and navigate the evolving landscape of investment management.

33:52

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Paul Ronan

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Quick takeaways

AI adoption in asset and wealth management varies significantly, with firms either pursuing it urgently or approaching cautiously due to differing perceptions of its necessity.

Data quality is fundamental for successful AI integration, as firms must address data challenges to enable effective analysis and improved client service models.

Deep dives

AI Adoption Landscape in Wealth Management

AI adoption in wealth and asset management is progressing rapidly, with firms exhibiting a spectrum of responses ranging from urgent action to cautious experimentation. Some organizations perceive AI as an existential threat that necessitates immediate strategic moves, while others regard it as a tool for minor efficiency gains, lacking urgency in their approach. This divergence in perception highlights varied levels of ambition and readiness among asset managers, with some viewing AI as a vital element for survival and others taking a more subdued stance. The current climate fosters a mixed landscape where understanding and implementing AI effectively can determine competitive advantage.

Intro

3min

Navigating Hesitation and Excitement in AI Adoption

4min

The Essential Role of Data Quality in Financial Transformation

2min

Navigating AI in Asset Management

19min

The Power of Data Quality in Asset Management

5min

Key Takeaways on AI in Wealth and Asset Management

1min

Today’s guest is Paul Ronan, Chief Technology Officer at FE fundinfo. FE fundinfo is a leading financial data company connecting the investment industry in the UK, Europe, and Asia Pacific through a single integrated platform. With over 30 years of expertise, FE fundinfo empowers asset and wealth managers to streamline operations, improve client outcomes, and make confident, data-driven decisions. In this episode, Paul joins us to discuss how industry leaders are adopting AI to enhance efficiency, improve client personalization, and redefine operational models. While some firms embrace AI as a strategic imperative, others remain cautious due to concerns over data quality and regulatory uncertainty. The conversation explores the shift toward outcome-driven AI programs and the strategies firms need to navigate the evolving investment industry landscape. This episode is sponsored by FE fundinfo. Learn how brands work with Emerj and other Emerj Media options at emerj.com/ad1.

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The AI in Business Podcast

How AI is Transforming Asset & Wealth Management From Data to Decisions - with Paul Ronan of FE fundinfo

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

AI Adoption Landscape in Wealth Management

Challenges in AI Implementation

The Critical Role of Data Quality

Strategic AI Implementation Steps

Remember Everything You Learn from Podcasts