An Expanding Employee Benefit: Personal Financial Planning with Expert Systems

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Institute of Management

Abstract

When a provider of personal financial planning services uses an expert system to prepare plans, the cost per plan is substantailly reduced and the quality of plans is more consistent. Because of the reduced cost and increased quality, an employer can consider providing comprehensive personal financial planning to many more employees than currently are receiving this benefit.

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Article deposited with permission granted from the publisher Nov. 24, 2010. For more information, please visit www.imanet.org.

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Phillips, M.E., Brown, C.E., and Nielson, N.L. "An Expanding Employee Benefit: Personal Financial Planning with Expert Systems," Management Accounting (September 1990), pp. 29-33.

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