Digital Advisers

Digital Adviser

ACA provides customized compliance solutions to digital advisers (sometimes referred to as robo-advisers, internet advisers, or automated advisers) that are specifically designed to help firms align their advisory processes with regulatory requirements and the expectations of the U.S.

Regulatory Challenges Facing Digital Advisers

Financial regulators are beginning to take notice of digital advisers (sometimes referred to as robo-advisers, automated advisers, or internet advisers). Within a year, the U.S. Securities and Exchange Commission (“SEC”), Financial Industry Regulatory Authority (“FINRA”), and Massachusetts Securities Division (“MSD”) each issued guidance and statements addressing digital advisers. As digital advisers continue to grow in size and number, they will face increased regulatory scrutiny.

Regulatory and Compliance Risks for Digital Advisers

Digital advisers (sometimes referred to as robo-advisers or internet advisers) face increasing regulatory scrutiny, as well as unique compliance risks. Within a year, the U.S. Securities and Exchange Commission (“SEC”), Financial Industry Regulatory Authority (“FINRA”), and the Massachusetts Securities Division (“MSD”) have each issued guidance and statements addressing digital advisers.