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 credit is pending.
Instructions for accessing the program will be sent prior to the event.
For additional information, please contact Emily Sullivan at firstname.lastname@example.org or +1 312 701 8451.
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