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RIABiz

Morgan Lewis issues legal opinion in white paper form about why robos meet ‘fiduciary’ standard

By Brooke Southall

Can a robo-advisor, by its very nature, be a fiduciary?

In a white paper released today, a prominent law firm is putting its reputation on the line by stating unequivocally that, yes, a robo-advisor can meet the legal standard of a fiduciary.

In other words, anything a human RIA can do, fiduciary-wise, a robo can do just as well.

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This article originally published October 7th, 2016 on RIABiz.