$1.4B Merrill Team Taps AI Tool for Equity Bets

By Richard Henderson February 8, 2017

A $1.4 billion Merrill Lynch team has turned to an artificial intelligence stock picking tool to help guide its client accounts.

The San Diego-based Hegardt Group uses technology from Trade Ideas to offer input on stock selection, a task which its three-person investment team does in addition to relying on home office guidance, says group member Michael Steelman, advisor and senior v.p. for Merrill.

“We’re a really large team with a full-time portfolio manager. There are a few teams like us in the private bank model, but with 15,000 advisors at Merrill, there’s not many doing what we do,” he says…

Read article (register free)

Download PDF



May 22nd - May 25th

Get 25% off your 1st month

or year of Trade Ideas.