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BlackRock solicits more regulator scrutiny of robo-advisors, eliciting jeers and a cheer

The near $5-trillion asset manager makes its case for why the robo game is best left to the big boys as critics suggest FutureAdvisor's owner is proposing a solution in search of a problem

Author Irwin Stein October 11, 2016 at 3:46 PM
1 Comment
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Jasen Yang: BlackRock knows that if they can get regulators to put up more requirements ... then the barrier to entry into the robo business will go up.

Robo-Advisors


Stephen Winks

Stephen Winks

October 12, 2016 — 2:29 PM
ROBOs are an essential tool for advisors to provide continuous, comprehensive counsel required for fiduciary duty. The difference is the advisor who uses them. ROBOs simply elevate the level of discernment and require a higher level of skill than one dimensional product sales. ROBOs in and of themselves do not require regulation as much as the advisors who use them. If ROBOs are advanced as self contained advisors, then they will find it very difficult to compete with advisors who use ROBOs. SCW

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