ASIC Drafts Robo-Advisory Guidelines

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ASIC Drafts Robo-Advisory Guidelines

Postby kreslik.news » Sun Mar 20, 2016 7:49 am


Following an increase in the number of firms offering robo-advice to clients, the Australian Securities and Investment Commission (ASIC) today released a regulatory guide and consultation on proposed guidance about robo-advice for both its regulated firms and companies seeking regulation with ASIC to offer automated investment advice to clients. 

For background, advisors typically recommended investments to clients based on their personal financial circumstances and investment goals, and such investments combine to form a new portfolio or go into the client’s existing portfolio of investment holdings. Robo-advisors aim to do the same thing via a computer program that removes the human advisor ... (read more)

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