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Wealth managers slump after Altruist unveils new AI tax planning tool

By Michele Maatouk

Date: Wednesday 11 Feb 2026

(Sharecast News) - Wealth managers were under the cosh on Wednesday after US wealth platform and custodian Altruist unveiled a new AI tax planning tool.
Altruist said the new capability helps advisors create fully personalised tax strategies for clients by reading and interpreting their 1040s, paystubs, account statements, meeting notes, emails,...

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