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Advisor(s)
Abstract(s)
Disruptivas, esta é a palavra utilizada por muitos para descrever as inovações tecnológicas no mundo financeiro. O termo FinTech compreende uma séria de inovações, entre as quais os robo-advisors. Estes “novos” consultores para investimento estão em franco crescimento e prometem trazer muitas oportunidades e desafios ao mercado de capitais. O nosso objetivo é analisar o robo-advice à luz do enquadramento regulatório existente. Tentaremos também, perceber se é possível que um serviço de consultoria para investimento automatizado cumpra os deveres fiduciários a que está adstrito, enquanto intermediário financeiro. Para tal faremos uma análise exploratória, começando por perceber o que são e como funcionam os robo-advisors, examinando brevemente as inovações tecnológicas que servem de base ao seu funcionamento e identificando os principais desafios e oportunidades, ligados a esta tecnologia. Por fim, ponderaremos diversas possibilidades de atuação dos reguladores, à luz das vantagens e riscos hoje conhecidos e dos objetivos da regulação do mercado de capitais.
Disruptive, is the word used by many to describe technological innovations in the financial world. The term FinTech covers a series of innovations and listed among them are robo-advisors. These “new” financial advisors are growing rapidly and promise to bring many challenges and opportunities to capital markets. Our aim is to analyse robo-advice considering the current regulatory framework. We will also try to understand if it is possible for an automated financial advising system to fulfil his fiduciary duties, as financial intermediary. To this end we will do an exploratory analysis, we will start by understanding what robo-advisors are and how they work, moving on to a brief examination of the technological innovations through which they function and identifying the main challenges and opportunities linked to this technology. Lastly, we will consider various courses of actions available for regulators, bearing in mind the advantages and risks known today and the objectives of regulation in capital markets.
Disruptive, is the word used by many to describe technological innovations in the financial world. The term FinTech covers a series of innovations and listed among them are robo-advisors. These “new” financial advisors are growing rapidly and promise to bring many challenges and opportunities to capital markets. Our aim is to analyse robo-advice considering the current regulatory framework. We will also try to understand if it is possible for an automated financial advising system to fulfil his fiduciary duties, as financial intermediary. To this end we will do an exploratory analysis, we will start by understanding what robo-advisors are and how they work, moving on to a brief examination of the technological innovations through which they function and identifying the main challenges and opportunities linked to this technology. Lastly, we will consider various courses of actions available for regulators, bearing in mind the advantages and risks known today and the objectives of regulation in capital markets.
Description
Keywords
Robo-Advisors Instrumentos financeiros Adequação Conflitos de interesse Fiduciário Instruments Suitability Conflicts of interest Fiduciary