Wealth management is a complex and dynamic field that requires highly specialized skills and expertise. In recent past, Artificial Intelligence (AI) has appeared as a powerful tool that can help wealth management professionals to make better-informed decisions. This paper provides an overview of the role of recent applications of AI in wealth management decisions. The paper begins by discussing the benefits of AI in wealth management, including its ability to analyze vast amounts of data, Risk Management, fraud detection, use of Chatbots, based on historical data. The info gathered for this paper is based on the secondary data collected from various newspapers, magazines, journals and reports. The paper also highlights some of the challenges and limitations of AI in wealth management, such as the need for large amounts of high-quality data and the potential for AI to amplify biases in the data. Overall, the paper concludes that recent applications of AI have the potential to revolutionize wealth management by enabling more accurate and efficient decision-making. However, it is important for wealth management professionals to understand the strengths and limitations of AI and to use it in a responsible and ethical manner.

Wealth Management, Artificial Intelligence (AI), Chatbots