AI’s Impact on Financial Services – Wharton Future of Finance Series
Episode Description
Artificial intelligence is changing how financial professionals research, analyze information, and get work done — while raising new questions about the skills people will need in an AI-enabled industry. In this episode, host and Wharton professor Itay Goldstein speaks with Wharton professor emeritus Jeremy Siegel and Jeremy Schwartz, Global Chief Investment Officer at WisdomTree, about AI’s impact on financial services. They discuss the technology’s potential to increase productivity, transform investment research and workflows, reshape the financial workforce, and change how firms think about hiring and developing talent. They also examine why human judgment, trust, and accountability remain important as AI takes on a larger role in finance.
SERIES OVERVIEW Hosted by Wharton finance professor Itay Goldstein, this limited series takes a deep dive into the cutting-edge insights and pioneering perspectives of experts in finance, academia, and industry. Discover how artificial intelligence is reshaping financial markets and institutions as we explore its impact on investing, financial stability, the economy, and the future of work in finance.
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Brief Summary
AI is reshaping finance, enhancing productivity, and creating new job opportunities, while also posing cybersecurity risks.
Key points
- The Role of AI in Finance. AI is reshaping the financial industry, driving earnings and changing investment strategies.
- The New Industrial Revolution. AI is seen as a transformative force in the economy, akin to a new industrial revolution.
- Risks of AI in Finance. Concerns about cybersecurity and the potential misuse of AI technologies are raised.
- The Role of Advisors. Financial advisors play a crucial role in keeping clients invested during tough times, leveraging emotional support.
- The Future of Financial Services. Experts discuss how financial services may evolve in the next decade, emphasizing the importance of trust and human connection.
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Episode highlights
- The Role of AI in FinanceAI is reshaping the financial industry, driving earnings and changing investment strategies.“AI is the top market consideration.”1:50Oct 5, 2026
- The New Industrial RevolutionAI is seen as a transformative force in the economy, akin to a new industrial revolution.“This is really perhaps the new industrial revolution.”3:17Oct 5, 2026
- Risks of AI in FinanceConcerns about cybersecurity and the potential misuse of AI technologies are raised.“New technologies can be used for good or for bad.”14:53Oct 5, 2026
- The Role of AdvisorsFinancial advisors play a crucial role in keeping clients invested during tough times, leveraging emotional support.“"The biggest gain that financial advisors earn their worth is keeping people in markets when times get bad."”22:40Oct 5, 2026
- The Future of Financial ServicesExperts discuss how financial services may evolve in the next decade, emphasizing the importance of trust and human connection.“"Trust and accountability are still unique to humans."”23:50Oct 5, 2026
