The major risk of a robo is how well they are assessing risk tolerance or more appropriately, the need for risk of client."
Ron A. Rhoades, attorney, fidcuiary advocate and chair of the financial planning program, Western Kentucky University. |
Summary: A top FINRA official says the industry watchdog has started reaching out to broker-dealers who offer robo advice, asking how they determine client risk tolerance, among other factors.
The major risk of a robo is how well they are assessing risk tolerance or more appropriately, the need for risk of client."
Ron A. Rhoades, attorney, fidcuiary advocate and chair of the financial planning program, Western Kentucky University. |
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