AI, Data, and Wealth Management Glossary
Plain definitions for the technology, data and governance concepts shaping AI in wealth management.
9 terms shown
A
6 termsGovernance & Security
Access Control
Controls that restrict who can view or act on data and system resources.
Learn more about access controlAI & Agents
Agentic AI
AI systems that can plan, take actions and pursue goals with limited human input.
Learn more about agentic AIAI & Agents
AI Agent
A software entity that uses AI to perform specific tasks within a defined context.
Learn more about AI agentsGovernance & Security
AI Governance
Policies, processes and oversight for the responsible use of AI.
Learn more about AI governanceData & Integration
API
A standard interface that lets different systems exchange data and functionality.
Learn more about APIsGovernance & Security
Audit Log
A secure, time-stamped record of system activities and changes.
Learn more about audit logs
B
3 termsData & Integration
Batch Processing
Processing data in scheduled groups rather than record by record as it arrives.
Learn more about batch processingRIA Operations
Beneficiary Data
Records of who inherits an account or asset, often held separately across custodial and planning systems.
Learn more about beneficiary dataRIA Operations
Books and Records Rule
SEC Rule 204-2, which requires registered investment advisers to make and keep specified business records.
Learn more about the books and records rule
Glossary entries are educational. They are not legal or compliance advice and do not guarantee regulatory compliance. Confirm the requirements that apply to your firm with your compliance lead or counsel.
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