Abstract
Different types of financial advisers serve the massive and widely dispersed retail investment market. In a market riddled with conflicts of interests, many advisers exploit retail customers by pitching suboptimal products, leading to lower investment returns and lower overall growth—but also to greater profits for the financial advisers collecting kickback-style commissions. New financial technology firms, commonly known as Robo-Advisers, may disrupt this market and these exploitative practices. Still, these potentially disruptive automated investment advice firms face significant regulatory risks.
Recommended Citation
Benjamin P. Edwards,
The Rise of Automated Investment Advice: Can Robo-Advisors Rescue the Retail Market?,
93
Chi.-Kent L. Rev.
97
(2018).
Available at:
https://scholarship.kentlaw.iit.edu/cklawreview/vol93/iss1/3
Included in
Administrative Law Commons, Banking and Finance Law Commons, Computer Law Commons, Consumer Protection Law Commons, Science and Technology Law Commons
