University of Illinois Urbana-Champaign

Artificial Intelligence in Financial Planning

University of Illinois Urbana-Champaign

Artificial Intelligence in Financial Planning

This course is part of Artificial Intelligence in Finance and Wealth Management Specialization

Dr. Craig Lemoine

Instructor: Dr. Craig Lemoine

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1,695 already enrolled

Gain insight into a topic and learn the fundamentals.
Beginner level
No prior experience required
8 hours to complete
Flexible schedule
Learn at your own pace
Gain insight into a topic and learn the fundamentals.
Beginner level
No prior experience required
8 hours to complete
Flexible schedule
Learn at your own pace

What you'll learn

  • Understand the background and unique approaches of financial planning firms, and the roles of key team members.

  • Explain and evaluate different compensation models and the adoption of fintech and AI tools in financial planning.

  • Explore the impact of AI on job roles, client relationships, and the financial planning industry as a whole.

  • Evaluate the ethical considerations and challenges of implementing AI in financial services, ensuring AI tools prioritize the client's best interest.

Details to know

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Assessments

5 assignments

Taught in English

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Build your subject-matter expertise

This course is part of the Artificial Intelligence in Finance and Wealth Management Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
  • Learn new concepts from industry experts
  • Gain a foundational understanding of a subject or tool
  • Develop job-relevant skills with hands-on projects
  • Earn a shareable career certificate

There are 3 modules in this course

You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course. Then dive into the second part of this module to explore the background of Model Wealth, the roles of key team members, and their unique approach to financial planning. You'll dive into different compensation models in financial planning, like commission-based, AUM, and advice-only models. We'll also explore how fintech and AI tools can improve client experience and efficiency. By the end of this week, you'll have a solid understanding of how AI can be integrated into financial planning and why it's so important for the future of the industry.

What's included

10 videos4 readings2 assignments1 discussion prompt

In this module, we're diving deeper into the world of AI in financial planning. We'll address concerns about AI replacing jobs and highlight the irreplaceable value of human connection in the industry. You'll learn about the process of adopting fintech and AI tools, focusing on client experience and efficiency improvements. We'll also explore the impact of generative AI on the financial planning industry and understand AI as a thought partner rather than a replacement for human advisors.

What's included

12 videos2 readings1 assignment

In our final module, we're focusing on the ethical considerations of integrating AI into financial planning. You'll learn about the role of ethics in financial advisory, the impact of fintech on onboarding processes, and the importance of social-emotional skills in building client relationships. We'll evaluate the challenges and ethical considerations of implementing AI in financial services, ensuring AI tools are unbiased and prioritize the client's best interests. After this module, you'll be ready to complete the final assessment for the course and earn your Coursera certificate!

What's included

14 videos4 readings2 assignments

Earn a career certificate

Add this credential to your LinkedIn profile, resume, or CV. Share it on social media and in your performance review.

Instructor

Dr. Craig Lemoine
University of Illinois Urbana-Champaign
11 Courses 8,330 learners

Offered by

University of Illinois Urbana-Champaign

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