Artificial Intelligence in Wealth Management
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Artificial Intelligence in Wealth Management
This course is part of Artificial Intelligence in Finance and Wealth Management Specialization
Instructor: Dr. Craig Lemoine
2,259 already enrolled
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What you'll learn
Understand the basics of AI and machine learning in financial services, including their role in financial risk management.
Differentiate between advanced statistical methods and true AI, and analyze the impact of AI on the financial advisory profession.
Implement advanced AI-driven tools to enhance retirement planning and financial advisory services.
Evaluate the legal, ethical, and compliance considerations of incorporating AI into financial planning.
Details to know
6 assignments
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There are 3 modules in this course
This course provides a comprehensive overview of the transformative role of Artificial Intelligence (AI) in the field of wealth management. Through three detailed modules, learners will explore the foundations of AI, advanced AI tools, and future trends and challenges in AI for financial services. Designed for financial professionals, advisors, and anyone interested in understanding how AI can enhance financial planning, risk management, and client interactions, this course equips learners with the knowledge and skills to leverage AI technologies effectively and ethically in their professional practice.
Featuring Experts: Randy Bruns: Principal and Founder of Model Wealth, Inc. Alex Offerman: Senior Financial Planner, Model Wealth Inc. Anna Thorberg: Director of Operations, Model Wealth, Inc. Dr. Michael Thomas: Financial Empathy & Compassion Specialist Cody Garrett: Advice-Only Financial Planner and Educator Dr. Julie Ragatz: Vice President of Financial Planning and Advisor Growth, Carson Group Dr. Matt Goren: Financial Educator and Consultant Tyrone Ross Jr.: CEO and Co-Founder of Turnqey Labs This course is a non-credit course that is part of the College of ACES suite of online programs. Learn more about online programs and explore ways to apply your work toward a degree program at College of ACES Online Programs at acesonline.illinois.edu.
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 as we explore the basics of AI and machine learning in financial services. You'll learn what AI really is (and isn't), and how it's shaking up the financial advisory world. We'll also dive into the nitty-gritty of compliance and ethics, which are super important when dealing with AI. By the end of this week, you'll have a solid foundation to build on, and you'll see why understanding AI is crucial for anyone in the financial sector.
What's included
18 videos4 readings2 assignments1 discussion prompt
18 videos•Total 80 minutes
- Course Overview•1 minute
- Meet Your Instructor | Craig Lemoine•2 minutes
- Module 1 | Overview •1 minute
- Introduction to Foundations of AI in Financial Services•3 minutes
- Categories of AI•3 minutes
- What AI is and is not•10 minutes
- Guardrails around AI in financial planning and evolution•8 minutes
- A Profession Evolving•4 minutes
- Conclusion to Foundations of AI in Financial Services•2 minutes
- Understanding AI in Financial Risk Management•7 minutes
- AI in Financial Planning: Beyond Basic Predictions•4 minutes
- Differentiating AI from Advanced Statistical Methods•4 minutes
- The Importance of Integration in Fintech•6 minutes
- The Evolving Role of Technology in Financial Advisory•5 minutes
- Meet Dr. Matt Goren and Tyrone Ross Jr.•5 minutes
- How Are You Using AI in Your Companies?•8 minutes
- What Role Does Compliance Play in This Whole Process?•6 minutes
- Module 1 | Wrap-up•1 minute
4 readings•Total 35 minutes
- Syllabus•10 minutes
- Updating Your Profile•10 minutes
- Meet the Experts•5 minutes
- AI in Wealth Management - Transforming Personal Finance for the Future•10 minutes
2 assignments•Total 60 minutes
- Orientation Quiz•30 minutes
- Module 1 | Knowledge Check•30 minutes
1 discussion prompt•Total 10 minutes
- Getting to Know Your Classmates•10 minutes
In this module, we're taking things up a notch with advanced AI tools that can revolutionize your approach to financial planning and advisory services. You'll discover how AI can make retirement planning more efficient and effective, and you'll hear from FinTech experts about the real-world challenges and opportunities of integrating AI into financial services. By the end of this week, you'll have practical insights and tools that you can start applying.
What's included
9 videos4 readings2 assignments
9 videos•Total 55 minutes
- Module 2 | Overview •1 minute
- Meet the Panelists: Insights from the Experts•7 minutes
- The Role of AI in Financial Planning and Advisory •11 minutes
- Challenges in Implementing AI in Financial Services •9 minutes
- Introduction to Income Lab and AI in Retirement Planning•6 minutes
- Beyond Monte Carlo: Advanced Retirement Planning with AI•8 minutes
- Opportunities and Challenges in Financial Planning with AI•10 minutes
- Meet Your Client: Challenges and Opportunities•4 minutes
- Module 2 | Wrap-up•1 minute
4 readings•Total 35 minutes
- Meet the Experts•5 minutes
- Advanced AI Tools and Practical Insights in Wealth Management•10 minutes
- Reliable Financial Advisers: Learners Guide•10 minutes
- Reliable Financial Advisers: Case Study Review•10 minutes
2 assignments•Total 60 minutes
- Reliable Financial Advisers: Assisting the Client•30 minutes
- Module 2 | Knowledge Check•30 minutes
In our final module, we're looking ahead to the future of AI in wealth management. You'll explore cutting-edge applications of AI, and we'll tackle the big questions around legal and ethical considerations. How do we balance the power of AI with the need for human touch in financial advisory? What are the potential risks of AI, and how can we mitigate them? By the end of this week, you'll be equipped to navigate the future of AI in your practice, ensuring you stay ahead of the curve while maintaining ethical standards. After this module, you will be ready to complete the final assessment for the course and earn your Coursera certificate!
What's included
9 videos4 readings2 assignments
9 videos•Total 43 minutes
- Module 3 | Overview •1 minute
- AI in Client Meeting Transcriptions and Follow-Up•2 minutes
- The Future of AI in Wealth Management and Financial Planning•4 minutes
- Balancing AI Automation with Personal Touch in Financial Firms•5 minutes
- Legal and Ethical Considerations of AI in Financial Planning •5 minutes
- Ethical Concerns and Challenges of AI in Information Integrity •13 minutes
- Ethical Use of AI in Financial Advisory •11 minutes
- Module 3 | Wrap-up•1 minute
- Course Wrap-up•1 minute
4 readings•Total 30 minutes
- Meet the Experts•5 minutes
- Artificial Intelligence in Finance: A Comprehensive Review Through Bibliometric and Content Analysis•10 minutes
- Congratulations!•5 minutes
- Getting Your Course Certificate•10 minutes
2 assignments•Total 120 minutes
- Module 3 | Knowledge Check•30 minutes
- Final Assessment•90 minutes
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Reviewed on Mar 19, 2026
Excellent Course with unique aspect of Wealth Management and AI
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