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Past Event
30 March 2017

United States
1:00 p.m. – 2:00 p.m. EDT
12:00 p.m. – 1:00 p.m. CDT
11:00 a.m. – 12:00 p.m. MDT
10:00 a.m. – 9:00 a.m. PDT

7:00 p.m. – 8:00 p.m. CEST
6:00 p.m. – 7:00 p.m. BST


  • Stephanie M. Monaco
    T +1 202 263 3379

Robo-Advisers and Advisers Act Compliance

Robo-advisers—investment advisers that use algorithmic and other technology-based programs to provide clients with discretionary asset management services—face certain unique challenges in complying with their fiduciary obligations under the Investment Advisers Act of 1940 given their limited human interaction and typical online delivery of investment advice.

On February 23, 2017, the US Securities and Exchange Commission’s Division of Investment Management issued an update (IM Guidance Update No. 2017-02) with guidance on how robo-advisers may meet their disclosure, suitability and compliance obligations under the Advisers Act. Join Amy Pershkow and Stephanie Monaco for a webinar discussion of the update and three specific areas identified in it:

  • The substance and presentation of disclosures to clients about the robo-adviser and the investment advisory services it offers
  • The obligation to obtain information from clients to support the robo-adviser’s duty to provide suitable and individualized advice
  • The adoption and implementation of effective compliance programs reasonably designed to address particular concerns when providing automated advice

CLE is not available when viewing a recording of this program. In order to receive credit you must have attended the live webinar program.


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