Search Results for: robo-advice
FMA allows personalised robo-advice
October 18th, 2017
The Financial Markets Authority (FMA), a regulatory authority for financial services in New Zealand, has issued an announcement to inform that has decided to grant an exemption to enable personalised robo-advice and is publishing the responses to its earlier ...
Robo-advice has been increasingly adopted; FMA seeks feedback on robo-advice exemption
June 21st, 2017
The Financial Market Authority (FMA) of New Zealand has released today an announcement to get feedback on robo-advice exemption. According the announcement issued, the FMA is seeking feedback on its proposals to allow entities to provide personalised financial advice ...
Robo-advice tools in the financial services industry still pose considerable legal risks
September 2nd, 2016
Speaking at The Adviser Network’s Digital Advice Conversations last week, Holley Nethercote partner Grant Holley explained that digital advice presents several legal challenges, particularly for services offering personal advice. For example, advisers are currently required to undertake a review ...
ASIC consults on proposed guidance about ‘robo-advice’
March 22nd, 2016
ASIC today released a consultation paper and a draft Regulatory Guide on regulating digital financial product advice (also commonly known as robo-advice). ASIC Commissioner John Price said, ‘ASIC is keen to see a healthy and vibrant digital advice sector. ...
Investors trust the media more than robo-advice, survey finds
March 21st, 2016
More investors trust the media on investment than robo-advice services despite the rising numbers of start-ups and established companies entering the online space, according to Legg Mason’s 2016 Global Investment Study. The survey was completed by 5,370 high-net worth ...
Major UK banks plan robo-advice launches
January 25th, 2016
Major High street banks are moving into robo-advice world as part of their return to the mass advice market. The Financial Times reported that Barclays, Royal Bank of Scotland (RBS), Lloyds and Santander are developing online offerings for their ...
ESMA publishes final guidelines on MiFID II suitability requirements
May 30th, 2018
The European Securities and Markets Authority (ESMA) has published its Final Report on Guidelines on certain aspects of the MiFID II suitability requirements. The assessment of suitability is one of the most important requirements for investor protection in the ...
German Finance Ministry Publishes Report on Fintech: Very High Growth in Recent Years
November 24th, 2016
The German Federal Ministry of Finance or Bundesministerium der Finanzen, has published a report on the emerging Fintech sector. The document, authored by Prof. Dr. Gregor Dorfleitner and Jun.-Prof. Dr. Lars Hornuf (with the assistance of Matthias Schmitt & Martina ...
ETF has invested $20 million in a robo advice wealth platform
November 21st, 2016
WisdomTree Investments, Inc. (NASDAQ:WETF) announced that it has invested $20 million for a 36% equity interest in AdvisorEngine, formerly known as Vanare, an end-to-end digital wealth management platform which enables individual customization of investment philosophies. WisdomTree and AdvisorEngine have ...
Fintech firms set to target business advisory
August 5th, 2016
Business advisory services will be a major focus of fintech companies over the next few years, says an accounting software company, with considerable investment likely to flow into business advisory robo-offerings. Speaking to Accountants Daily, MYOB general manager of user experience ...
