Mariner Wealth Advisors Contracts Humanity Labs for AI Workforce

Investment advisory aggregator Mariner Wealth Advisors signed a five-year enterprise contract with AI technology firm Humanity Labs to implement an artificial intelligence workforce. The agreement deploys AI robots to automate routine manual tasks, including billing, customer reporting, and account opening. This AI workforce is designed to handle a volume of work equivalent to 700 full-time employees.

While the specific financial terms remain undisclosed, the annual cost is estimated at a minimum of $35 million, based on a per-AI-employee rate of $50,000. Humanity Labs CEO Andrei Pop stated that the system delegates machine work to new capabilities, allowing human staff to prioritize client relationships and high-touch services.

Partners describe the deal as the largest AI workforce partnership in the registered investment advisory industry to date. However, analysts from Cerulli Associates noted that while the scale is significant, several smaller wealth management firms have already utilized services from Humanity Labs.