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.