Wealth Managers Identify AI and Private Markets as Top Trends for 2026

A new report from Oliver Wyman identifies artificial intelligence and the expansion of private markets as two of the most significant forces reshaping wealth management in 2026.

The report, titled "10 Wealth Management Trends For 2026," describes an AI-augmented advisor model in which AI handles prospecting, portfolio design, planning, and routine service tasks. That frees human advisors to focus on complex decisions and the emotional dimensions of financial planning.

Private markets are becoming more accessible to a broader range of investors. The report says success in this area requires professionally managed exposure for different client segments, differentiated product access, and tools that help advisors assess suitability. Liquidity engineering is also a key consideration.

Tokenization of cash is another trend the report highlights. On-chain cash and atomic settlement would allow clients to hold yield until the moment of spending, treating cash as two distinct products: premium deposits and tokenized cash sleeves that accrue yield continuously.

The report also points to a growing focus on upper-affluent and core high-net-worth clients as a center of gravity for volume and margins. These clients expect personalized advice, premium digital experiences, and integrated tax and credit planning.

Firms are also using data and AI to drive organic growth through next-best-action analytics, streamlined onboarding, and advisor tools that surface opportunities in real time.

For individual investors, the report recommends reviewing estate plans, maxing out tax-advantaged accounts, and building portfolios that can withstand market volatility. The federal estate tax exemption is projected at $15 million per individual in 2026.