Description
This workshop will consist of a panel discussion between Eric Ludwig, PhD. (Director of the Center for Retirement Income and Retirement Income Certified Professional® program director at The American College of Financial Services), Chet Bennetts (Program director for the CFP®/ChFC® program and Assistant Professor of Financial Planning at The American College of Financial Services) and Peter Olson (Head of Customer Experience at Jump). The discussion will focus on the evolution of Artificial Intelligence (AI) and how it’s impacting the retirement advice business. Focus will be on how AI has changed as it’s gained mainstream use, benefits and disadvantages of incorporating AI into and advisory business model, what AI can and can’t do to improve the advice deliverable and practice management and the likely future development and usage of AI in retirement planning practices.
· High level discussion of what AI is and how it works – 10 minutes
· Current best practices and practical application of AI in providing retirement advice – 20 minutes
· Limitations in the usage of AI – 10 minutes
· The future of AI – continued development of AI capabilities and practices – 10 minutes
· Questions and answers – 8 minutes
Learning Objectives
1.) Definition of what Artificial Intelligence means in the current operating environment
2.) Advantages of using AI in a retirement planning framework
3.) Current best practices in AI usage – how does AI enhance human performance rather than replace it.
4.) Practical limitations to AI – what doesn’t Artificial Intelligence do well
5.) Likely future developments in the use of AI in a retirement planning practice