August 30, 2016 BY LeapRate Staff

Australia's ASIC comes out in favour of digital Robo Advice for retail investors, issues guidelines

Australia financial regulator ASIC has released guidance on regulating digital advice to retail investors and traders. Digital advice (also known as ‘robo-advice’ or ‘automated advice’) is the provision of automated financial product advice using algorithms and technology and without the direct involvement of a human adviser. It can comprise general or personal advice, and range from advice that is…

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