“Robo-advisors are expected to be the big winners with the DOL’s fiduciary rule,” says Jo-el Meyer, managing editor of pensions & benefits at Bloomberg Law.“During the development of the rule, the DOL often pointed to robo-advisors as the future of investment advice. What makes them attractive is that they take out the “human” element of investment advice-there’s little room for an adviser to act only for his or herself if that adviser is a robot.”
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