Anthropic has built a Claude tool for financial advisers
Anthropic has launched Claude for Financial Advisers, wiring the chatbot into portfolio and research tools from BlackRock, Vanguard, Charles Schwab and iCapital, and says it will not give investment advice. Under MiFID II advice turns on a five-part test in which suitability can be implied rather than stated, and ESMA has told firms that using AI changes none of their obligations.
Anthropic is pitching financial advisers a version of Claude wired into analytics and risk tools from BlackRock, Vanguard, Charles Schwab and iCapital, Bloomberg reported.
Claude for Financial Advisors promises to speed up research, administration and portfolio oversight. Executives at both companies called it one of Anthropic’s biggest moves into finance so far.
It follows the financial services agents the company shipped earlier, and lands a week after OpenAI launched its own product for bankers and equity researchers.
The pitch is capacity. Jonathan Pelosi, Anthropic’s head of financial services,...
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