Wealth management and tax planning companies fell on Tuesday after privately held financial software provider Altruist Corp.

CNBC’s “Closing Bell Overtime” team discusses Altruist's announcement of a new AI tax tool and more with Mazi Bahadori, chief ...

New features promise faster analysis of client returns and documents, helping RIAs surface tax insights and produce planning outputs in minutes.

The new feature analyzes client documents to create personalized tax strategies and interactive scenario modeling for advisors ...

After AI battered the software sector last week, a new tax-planning tool from Altruist sparked fresh fears of disruption in ...

Shares of banks and other financial institutions fell amid fears that a new artificial-intelligence tool from fintech company Altruist would disrupt the wealth-management business. Shares of financial ...

Altruist, the tech-forward wealth platform for independent advisors, today announced the launch of a new tax planning offering within Hazel, its transformative AI platform. The new capability helps ...

Altruist unveils AI tax planning tool, triggering fears of automation disrupting financial advisors as major stocks fall up to 8% ...

Investors are trying to avoid getting caught owning any company with the slightest risk of being displaced.  Read more at ...

Charles Schwab Corp SCHW shares are falling on Tuesday. A new AI product from financial‑software firm Altruist sparked fresh worries about disruption in the wealth‑management industry. Here’s what you ...

Market observers linked the financial stocks’ selloff to growing concerns about artificial intelligence potentially disrupting traditional financial services business models. The reaction follows ...

Wealth management stocks experienced a sharp decline Tuesday following the introduction of an AI tool designed for tax strategies. Investors are concerned about the potential impact of automated ...