A new report from Forbes Insights and Temenos also found a majority of wealth managers saw attracting mass affluent clients as "highly important" for their practice.
The next iteration of the firm’s 'Advisor Sleeve' technology will allow advisors to stress-test their model portfolios using machine learning and artificial intelligence.
In addition, the firm announces a new integration with Genivity meant to help advisors working with clients on planning for healthcare costs later in life.
Model portfolios, referrals from Merrill Edge and tapping into "overlap" with Bank of America's commercial unit were driving advisor efficiencies and bringing in record numbers of new clients.
