Artificial Intelligence in Wealth Management: A Quantitative Study Robo Advisors and Economic Inequality

DOI

10.2991/978-2-38476-559-1_10How to use a DOI?

Keywords

Robo-Advisory Platforms; Financial Inclusion; Wealth Inequality; Financial Literacy; Fintech and Socioeconomic Equity

Abstract

This paper gives a balanced view of the opportunities of robo-advisory platforms to exert financial performance and, ultimately, a potential effect on the economics of a financial gap in the field of personal finance. Though the use of these fintech tools is touted as leading to increased equity in accessing and having high-quality investment management since investment management becomes less expensive and more convenient, the narrative is more complex in light of the empirical evidence of 500 individuals with a diverse and variable income and educational background. Statistically analyzed using multiple regression and ANOVA, the findings have demonstrated that the further-income/financially literate is the customer, the more likely it is that the customer will use the robo-advisor and receive improved financial performance of the usage. This shows a deeper paradox, that even with the heightening accessibility, robo-advisors are unlikely to do much but enhance the existing advantages of those who already possess knowledge of financial resources and capital and, therefore, lead to the unintentional maintenance of inequality in wealth. The study attributes such a discrepancy to the difference in the competence of the user to navigate in the online world, to understand the principles of finance, and cash in on the returns that grow with time. Consequently, the research paper emphasizes the importance of robo-advisory systems development, which are streamlined and align to the varying capabilities of the users. It also means that further initiatives in the direction of enhancing financial education and introducing certain regulatory frameworks that would guarantee not only access, but equalized financial empowerment. Without active work, fintech innovations can turn into the means of contributing to the further separation but not convergence of socioeconomic disparities. The paper in the achievement of this argument is a contributive one in the broader deliberations on the digital and social equity in the sphere of finance and it places its head on the day when technology will be not only a multiplier of the number of people engaged in the sphere of finance, but in the provision of the equal financial gain throughout the socioeconomic spectrum.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - S. Ayyappan
AU  - Ankitha Theres
PY  - 2026
DA  - 2026/04/19
TI  - Artificial Intelligence in Wealth Management: A Quantitative Study Robo Advisors and Economic Inequality
BT  - Proceedings of the Global Innovation and Technology Summit “AAROHAN 3.0”_HSS track (GITS-HSS 2025)
PB  - Atlantis Press
SP  - 143
EP  - 158
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-559-1_10
DO  - 10.2991/978-2-38476-559-1_10
ID  - Ayyappan2026
ER  -