AI Failure Index
AI Failures in Asset Management
Asset managers are deploying AI inside research, client communication, trade ops, and risk. Each surface fails in a different shape. The ones below are what we have seen in public.
- Incidents
- 2
- Highest severity
- High
- Sources cited
- 3
- Newest indexed
- Jun 5, 2026
FI-0021Asset ManagementFeaturedHigh
HallucinationAsset manager's internal research copilot fabricated SEC filing citations in an LP letter
An $800B asset manager's internal research assistant generated SEC filing citations that did not exist. The citations made it into a draft LP letter. Compliance caught it before the letter went out.
- Confidence
- Steward-verified (NDA)
Anonymized: Asset Manager · NA · $800B+ AUMSteward-verified · NDANov 2025
FI-0219Asset ManagementHigh
Agentic Action ErrorCharles Schwab settles SEC charges over robo-adviser cash drag and misleading marketing
Charles Schwab settled with the SEC over robo-adviser cash-drag marketing claims, paying $187 million to harmed clients.
- Confidence
- High (multi-source, primary)
Charles Schwab2 sourcesPrimaryPublicJun 2022