CLARENDON

Section 1 of 7

14% Complete

Section 1: Discovery and Visibility

Maximum Score: 3 points

Q1. Do you maintain a current inventory of all AI systems and features used across your wealth management operations?

  • • Platform embedded AI (FNZ, Avaloq, proprietary systems)
  • • Third party AI tools
  • • Public AI tools (ChatGPT, Claude, etc.)
  • • AI features within each platform
  • • Version information
  • • Classification by EU AI Act risk level
  • • We know the main platforms but:
  • • Haven't documented specific AI features within platforms
  • • Haven't surveyed shadow AI use
  • • Haven't classified systems by EU AI Act risk level
  • • We have limited visibility into AI use across the firm

Score: ___ / 1

Q2. Can you document which AI capabilities are embedded in the platforms you use?

  • • Risk profiling algorithms (e.g., how questionnaires generate risk scores)
  • • Portfolio construction tools using AI
  • • Suitability matching systems
  • • Report generation using natural language processing
  • • Client communication tools
  • • Data sources and training approaches for each AI feature
  • • We know platforms have AI features but:
  • • Haven't documented specific capabilities
  • • Haven't obtained vendor transparency on AI logic
  • • Haven't mapped features to use cases
  • • We have not systematically identified platform embedded AI

Score: ___ / 1

Q3. Have you assessed whether staff use public AI tools (ChatGPT, Claude, Gemini, etc.) for client facing work or investment processes?

  • • Surveyed staff on AI tool use
  • • Established acceptable use policies
  • • Implemented technical controls (e.g., blocking or monitoring)
  • • Conducted training on appropriate vs inappropriate AI use
  • • Addressed data protection implications
  • • We suspect use but:
  • • Haven't conducted systematic survey
  • • Haven't established clear policies
  • • Haven't implemented controls
  • • We have not addressed public AI tool use

Score: ___ / 1

Section 1 Total: 0.0 / 3

Your progress is automatically saved. You can return anytime to continue.