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Whether it’s a friend or foe of financial planners, robo-advice is coming

Whether it’s a friend or foe of financial planners, robo-advice is coming

Robo-advice looms large on the radar of the Australian Securities and Investments Commission (ASIC), according to Louise Macaulay, a senior executive of the regulator’s financial advice team. The term robo-advice refers specifically to automated financial advice delivered without the involvement of a human adviser, usually through the use of complex algorithms. However, in Australia, the

Glenn Freeman

August 13, 2015

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