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


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