Jump to ContentJump to Main Navigation
The Disruptive Impact of FinTech on Retirement Systems$
Users without a subscription are not able to see the full content.

Julie Agnew and Olivia S. Mitchell

Print publication date: 2019

Print ISBN-13: 9780198845553

Published to Oxford Scholarship Online: October 2019

DOI: 10.1093/oso/9780198845553.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 20 January 2022

The Transformation of Investment Advice

The Transformation of Investment Advice

Digital Investment Advisors as Fiduciaries

Chapter:
(p.38) Chapter 3 The Transformation of Investment Advice
Source:
The Disruptive Impact of FinTech on Retirement Systems
Author(s):

Jennifer L. Klass

Eric L. Perelman

Publisher:
Oxford University Press
DOI:10.1093/oso/9780198845553.003.0003

It is not surprising that the investing public seeks accessible, low-cost, and reliable advice. This chapter discusses how digital, or robo-advisors have triggered a dramatic upheaval in how investment advice is formulated, delivered, and applied on an ongoing basis to actively managed retail investment accounts. The availability of digital advice is promoting the important policy objective of expanding access to retirement advice to a growing segment of underserved and undersaved Americans. In addition to discussing the socio­economic and technological factors that are accelerating the growth of digital investment advisors, the chapter also discusses how such advisors fit within the existing legal and regulatory framework governing retail investment activities. It concludes with a look ahead anticipating how digital advice will continue to disrupt the financial services industry.

Keywords:   financial advisory, investing, investment advice, fiduciary, fiduciary regulation, robo-advisor

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .