The use of Artificial Intelligence (AI) in wealth management is changing the way of financial advisory services. This review paper looks at how AI technologies like machine learning, natural language processing, and analytical forecasting have changed the way. The wealth management works by making it more efficient, personalized, and able to make better decisions. AI helps financial advisors give more accurate and client-focused services by automating routine tasks, improving data-driven insights, and making it possible to create personalized strategies for investments. The paper additionally examines shortcomings with data privacy, ethics, and following the rules, and it addresses where AI adoption in the industry might go in the future. This review emphasizes AI’s crucial role in determining the future of wealth management and its ability to facilitate ongoing growth and customer satisfaction through a thorough examination of recent developments and practical applications.

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Critical Review: AI in Wealth Management – Transforming Financial Advisory Services

  • Sharda Deepakraj Lala

摘要

The use of Artificial Intelligence (AI) in wealth management is changing the way of financial advisory services. This review paper looks at how AI technologies like machine learning, natural language processing, and analytical forecasting have changed the way. The wealth management works by making it more efficient, personalized, and able to make better decisions. AI helps financial advisors give more accurate and client-focused services by automating routine tasks, improving data-driven insights, and making it possible to create personalized strategies for investments. The paper additionally examines shortcomings with data privacy, ethics, and following the rules, and it addresses where AI adoption in the industry might go in the future. This review emphasizes AI’s crucial role in determining the future of wealth management and its ability to facilitate ongoing growth and customer satisfaction through a thorough examination of recent developments and practical applications.