AI in Wealth Management & Financial Planning

Site Header Image

Artificial Intelligence in Wealth Management & Financial Planning is a new course at the University of Illinois Urbana-Champaign. The course will showcase artificial intelligence and machine learning in the worlds of wealth management and financial planning. Students will learn alongside financial advisers and wealth managers. The course will have conversations and students will utilize AI tools to develop investment portfolios and streamline the client service experience.

Throughout the course, students will:

  • Differentiate between traditional online search tools and artificial intelligence/machine learning driven tools.
  • Dive into the ethical implications of AI through regulatory and certification lenses.
  • Describe artificial intelligence and machine learning in the context of wealth management and financial planning.
  • Develop a model client service practice that incorporates AI tools.
  • Create, analyze, and criticize financial planning documents, estate planning documents and investment portfolios utilizing AI tools.

Course Format

The course is open to both Illinois students and non-credit students. This course runs in the fall semester and involves weekly classes via Zoom on Tuesdays from 6pm-6:50pm CST.

Topics

Topics covered include:

  • Intersections of Artificial Intelligence & Financial Planning
  • Risk Tolerance & Skill in Writing AI prompts
  • Preparing for the People-Centered, Technology-Enabled, Financial Planning Engagements of the Future
  • The Future of Professional Certifications
  • Using AI in Your Practice – A Conversation with Model Wealth
  • AI and the Future of Wealth Management
  • Artificial Intelligence and Behavior
  • The State of Artificial Intelligence in Wealth Management Today
  • AI, Machine Learning and FinTech
  • Teaching, Training, Financial Planning & Artificial Intelligence
  • Efficiency, Effectiveness and the Potential of AI in Wealth Management
  • Where does AI evolve from here? HAL or Helper
  • Finding AI Solutions for a Financial Planning Office
  • The Importance of People and Technology: An Open Forum
  • Rockstar Tools

Speakers

To see a list of speakers, visit our Fall 2023 speakers page.

Registration

Existing Illinois students can register for the course now! More information on course explorer.

Public Registration

Questions? Contact Dr. Craig Lemoine, CFP® at craiglem@illinois.edu.