UK wealth managers stocks tumble as AI fears ripple across Europe

Core Viewpoint - Concerns over potential disruption from artificial intelligence have led to a sharp decline in UK wealth management stocks, particularly St James's Place and Quilter, following a significant selloff in U.S. rival stocks [1] Group 1: Company Impact - St James's Place and Quilter experienced a notable drop in stock prices on Wednesday due to the broader implications of AI disruption in the financial sector [1] Group 2: Industry Context - The decline in UK wealth management stocks is part of a larger trend affecting the European financial sector, influenced by recent selloffs in U.S. financial stocks [1]