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from Part III - Corporate and Commercial Law
Published online by Cambridge University Press: 21 March 2024
The robo-advice industry is one of the fastest-growing ‘AI’-powered automated services that may be transforming access to investment advice. However, the robo-advice industry has settled on low-cost, standardised advice linked to relatively non-complex financial products that are offered to customers, rather than aiming for intelligent and personalised advisory tailoring. The regulatory regime for investment advice plays a significant part in delineating the boundaries of legal risk for the industry, therefore shaping the design of robo-advice as an innovation.
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