Personalized Financial Recommendations: Real-Time AI-ML Analytics in Wealth Management

Abstract

Recent studies reveal a concerning lack of financial literacy among millennials, highlighting the need for comprehensive education in managing personal finances. Financial literacy is not only crucial for employability but also for navigating life successfully. Many individuals, including those in the corporate sector, struggle with financial planning and decision-making. In response, awareness in wealth management has emerged as a vital solution. Wealth management extends beyond mere investment advice; it encompasses various financial services tailored to individuals' needs, addressing all aspects of their financial lives. By leveraging artificial intelligence and machine learning principles, individuals can access comprehensive information on various investment options and develop personalized financial plans. This approach empowers individuals and their families to effectively manage both current and future financial needs.