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From: Denc 🗡
I see the wealth managers declined to day because some AI outfit says it can do tax planning in an instant. Form an orderly queue. UK wealth management stocks fell Wednesday following steeper drops in U.S. wealth management companies that carried over to European markets. The decline followed Altruist’s Tuesday launch of a tax-planning tool within its AI wealth platform Hazel. The new feature enables advisers to create personalized tax-planning strategies for clients within minutes, according to the company. UK wealth manager stocks traded lower across the board. St. James’s Place PLC (LON:SJP) led the decline, while AJ Bell PLC (LON:AJBA), Quilter PLC (LON:QLT), Rathbones Group (LON:RAT), IntegraFin and Schroders also declined. Edited on 11/02/2026 at 17:40:03.

Current Thread	Author	Time
I see the wealth managers declined to day because some AI outfit says it can do tax ... [more]	Denc 🗡	17:39:15
>> St James only planning is how to spend the commission.	Hamsterwheel	18:20:47

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