AI tax tool sparks selloff

16h

UK wealth managers' shares fell on Wednesday after AI firm Altruist launched a service enabling advisers to create personalised tax strategies, stoking fears of industry disruption.

The Wall Street Journal

AI Threat Widens to Financial Sector

Wealth-manager stocks tumbled as weak retail sales weighed on indexes.

Reposts 0 1d

by Paul Davies

25%

Scholar power: 25.6%

Story's scientific field profile

Business 38%, Economics 29%, Computer science 24%, Law 9%

Name	Field match	H-index	Scholar power
🎓 Paul Davies	27%	10	25.6%

Formula for scholar power: 3 × author's field match × √author's h-index

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Recency

Reposts

Scholar power

46.0%

40.9 h

25.6%

Ranking score

0.006

Formula for ranking score (post): scholar_power × max((total_reposts)^(1/3), 1) × (1 / max(hours_since_posted, 1)) × (raw_relevance)^3

Paul J Davies

@pauljdavies.bsky.social

mmmmkay....

Schwab, Raymond James, Stifel Shares Drop Quickly With Peers

February 10, 2026 at 4:38 PM

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AI tax tool sparks selloff

AI Threat Widens to Financial Sector

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AI tax tool sparks selloff

AI Threat Widens to Financial Sector

Scholar power: 25.6%

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