You Say Fiduciary, I Say Binary: A Review and Recommendation of Robo-Advisors and the Fiduciary and Best Interest Standards

The American College of Financial Services
Hastings Business Law Journal
December 16, 2020

Robo-advisors are growing in popularity in the financial services industry, and in society at large, for their ability to offer fast and cheap financial advice to a wide range of clients and make the jobs of financial professionals easier. However, new regulations are calling into question whether robo-advisors meet the practical and ethical standards required by law.

Sofia Duffy, Assistant Vice President and Director of Regulatory Compliance, and Steve Parrish, co-director of The College’s Center for Retirement Income, examine whether robo-advisors stand up to fiduciary-level scrutiny in new research published by UC Hastings in the Hastings Business Law Journal. Read the full article here.

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