Definition ∞ Wealth Management Digitization involves the integration of digital technologies and platforms into the processes of managing and growing client assets. This includes using blockchain for asset tokenization, AI for personalized financial advice, and automated tools for portfolio management. It aims to enhance efficiency, accessibility, and transparency in financial services.
Context ∞ Wealth management digitization is a significant trend, with traditional financial institutions increasingly exploring blockchain and digital assets for client offerings. News often covers partnerships between fintech firms and wealth managers, as well as the development of new digital investment products. This evolution reflects a broader shift towards technologically advanced and client-centric financial solutions.