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Author: Melanie L. Fein Publisher: ISBN: Category : Languages : en Pages : 14
Book Description
The Financial Industry Regulatory Authority (“FINRA”) recently issued a report on robo-advisors entitled “Report on Digital Investment Advice.” The report addresses the various features of robo-advisors and highlights investor protection concerns and regulatory issues that may arise from their use by investment professionals and individual investors. The report implicitly raises the question of whether robo-advisors meet the fiduciary standard of care applicable to broker-dealers and investment advisers. The report suggests that, on a stand-alone basis, robo-advisors do not meet a fiduciary standard when they advise individual investors. The report supports the view that human judgment by a trained financial professional is a necessary element of the fiduciary standard. This paper analyzes the findings and implications of the FINRA report in light of the fiduciary standard of care and poses questions that need to be answered by regulators concerning the fiduciary standard to which robo-advisors -- as well as investment advisers and broker-dealers -- will be held in the future.
Author: Melanie L. Fein Publisher: ISBN: Category : Languages : en Pages : 14
Book Description
The Financial Industry Regulatory Authority (“FINRA”) recently issued a report on robo-advisors entitled “Report on Digital Investment Advice.” The report addresses the various features of robo-advisors and highlights investor protection concerns and regulatory issues that may arise from their use by investment professionals and individual investors. The report implicitly raises the question of whether robo-advisors meet the fiduciary standard of care applicable to broker-dealers and investment advisers. The report suggests that, on a stand-alone basis, robo-advisors do not meet a fiduciary standard when they advise individual investors. The report supports the view that human judgment by a trained financial professional is a necessary element of the fiduciary standard. This paper analyzes the findings and implications of the FINRA report in light of the fiduciary standard of care and poses questions that need to be answered by regulators concerning the fiduciary standard to which robo-advisors -- as well as investment advisers and broker-dealers -- will be held in the future.
Author: Jelena Madir Publisher: Edward Elgar Publishing ISBN: 1035314754 Category : Law Languages : en Pages : 719
Book Description
This fully revised and updated third edition provides a practical examination of legal and regulatory issues in FinTech, a sector whose rapid rise in recent years has produced opportunities for innovation but has also raised new challenges. Featuring insights from over 40 experts from 10 countries, this book analyses the statutory aspects of technology-enabled developments in banking and considers the impact these changes will have on the legal profession.
Author: Volker Nissen Publisher: Springer ISBN: 3319959999 Category : Business & Economics Languages : en Pages : 423
Book Description
This book brings together cutting-edge research on consulting in a single volume, thus helping to make the state-of-the-art in the field of consulting research more accessible, to promote better practices in business, and to spark further research. The respective articles approach consulting from very different angles, taking into account various approaches for and fields of consulting, consulting providers, clients and markets, as well as technologies and trends. The book will benefit all consultants who want to critically reflect on their own methods and approaches in light of recent scientific findings. It also offers a helpful guide for students in Management and IT-related courses who are either considering a career in consulting or want to be informed consulting clients. Lastly, the book provides a comprehensive review of current developments and trends in consulting that will foster future contributions in this important research field.
Author: Hrushikesh Mallick Publisher: Springer Nature ISBN: 9464630981 Category : Business & Economics Languages : en Pages : 2160
Book Description
This is an open access book. 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022) to be held in Chongqing (Online) on October 14-16, 2022. As the leader of the global trend of scientific and technological innovation, China is constantly creating a more open scientific and technological innovation environment, expanding the depth and breadth of academic cooperation, and building a shared innovation community. These efforts are making new contributions to globalization and building a community with a shared future for mankind. ICEMCI aims to bring together innovative academics and industry experts in Economic Management and Cultural Industry into a common forum. We will discuss and research on areas such as International Economics and Trade, Sustainable Economic Development, Economic Statistics, Economic Policy, The impact of cultural industries on the economy, etc. ICEMCI 2022 also aims to provide a platform for experts, scholars, engineers, technicians and technology R&D personnel to share scientific research results and cutting-edge technologies, understand academic development trends, expand research ideas, strengthen academic research and discussion, and promote cooperation in the industrialization of academic achievements . With the theme "Economic Management and Cultural Industry", ICEMCI 2022 aspires to keeping up with advances and changes to a consistently morphing field. Leading researchers and industry experts from around the globe will be presenting the latest studies through papers, keynote speeches and oral presentations. We warmly invite you to participate in ICEMCI 2022 and look forward to seeing you in Chongqing !
Author: Melanie L. Fein Publisher: Wolters Kluwer ISBN: 1454801247 Category : Law Languages : en Pages : 1668
Book Description
"The Fourth Edition of a leading resource in the field, this valuable practice tool brings you completely up-to-date on the evolving laws governing banks' securities activities - from regulatory changes in the financial markets and administrative reform to recent court decisions and legislative reform, including the recently enacted Sarbanes-Oxley Act of 2002 and the Gramm-Leach-Bliley Act. Here is everything you need to help build a bank's securities business while avoiding compliance pitfalls. Securities Activities of Banks, Fourth Edition provides: In-depth discussions of the securities activities now permissible for banks, bank holding companies, and financial holding companies, Clear explanations of how securities laws affect banks' securities activities, A complete review of how banks are regulated - including foreign banks and affiliates, Up-to-date analysis of the evolution of the banking laws through agency and court decisions. Detailed descriptions and analyses illuminate the full range of current bank securities activities, including investment and trading activities, brokerage activities, investment advice, underwriting, mutual funds, international securities activities, derivative instruments, deposits and loans, fiduciary activities, and more."--Publisher's website.
Author: Bryan P. Schwartz, et al. Publisher: Asper Review of International Business and Trade Law ISBN: Category : Law Languages : en Pages : 424
Book Description
The Asper Review of International Business and Trade Law provides reviews and articles on developments in the areas of international trade, business, & economy.
Author: Aki Ranin Publisher: Packt Publishing Ltd ISBN: 1801819009 Category : Computers Languages : en Pages : 250
Book Description
Build your own robo-advisor in Python to manage your investments and get up and running in no time Purchase of the print or Kindle book includes a free PDF eBook Key FeaturesExplore the use cases, workflow, and features that make up robo-advisorsLearn how to build core robo-advisor capabilities for goals, risk questions, portfolios, and projectionsDiscover how to operate the automated processes of a built and deployed robo-advisorBook Description Robo-advisors are becoming table stakes for the wealth management industry across all segments, from retail to high-net-worth investors. Robo-advisors enable you to manage your own portfolios and financial institutions to create automated platforms for effective digital wealth management. This book is your hands-on guide to understanding how Robo-advisors work, and how to build one efficiently. The chapters are designed in a way to help you get a comprehensive grasp of what Robo-advisors do and how they are structured with an end-to-end workflow. You'll begin by learning about the key decisions that influence the building of a Robo-advisor, along with considerations on building and licensing a platform. As you advance, you'll find out how to build all the core capabilities of a Robo-advisor using Python, including goals, risk questionnaires, portfolios, and projections. The book also shows you how to create orders, as well as open accounts and perform KYC verification for transacting. Finally, you'll be able to implement capabilities such as performance reporting and rebalancing for operating a Robo-advisor with ease. By the end of this book, you'll have gained a solid understanding of how Robo-advisors work and be well on your way to building one for yourself or your business. What you will learnExplore what Robo-advisors do and why they existCreate a workflow to design and build a Robo-advisor from the bottom upBuild and license Robo-advisors using different approachesOpen and fund accounts, complete KYC verification, and manage ordersBuild Robo-advisor features for goals, projections, portfolios, and moreOperate a Robo-advisor with P&L, rebalancing, and fee managementWho this book is for If you are a finance professional or a data professional working in wealth management and are curious about how robo-advisors work, this book is for you. It will be helpful to have a basic understanding of Python and investing concepts. This is a great handbook for developers interested in building their own robo-advisor to manage personal investments or build a platform for their business to operate, as well as for product managers and business leaders in financial services looking to lease, buy, or build a robo-advisor.
Author: Thomas Walker Publisher: Springer Nature ISBN: 3031122402 Category : Business & Economics Languages : en Pages : 283
Book Description
This edited book explores the unique risks, opportunities, challenges, and societal implications associated with big data developments within the field of finance. While the general use of big data has been the subject of frequent discussions, this book will take a more focused look at big data applications in the financial sector. With contributions from researchers, practitioners, and entrepreneurs involved at the forefront of big data in finance, the book discusses technological and business-inspired breakthroughs in the field. The contributions offer technical insights into the different applications presented and highlight how these new developments may impact and contribute to the evolution of the financial sector. Additionally, the book presents several case studies that examine practical applications of big data in finance. In exploring the readiness of financial institutions to adapt to new developments in the big data/artificial intelligence space and assessing different implementation strategies and policy solutions, the book will be of interest to academics, practitioners, and regulators who work in this field.
Author: Todd E. Petzel Publisher: John Wiley & Sons ISBN: 1119818508 Category : Business & Economics Languages : en Pages : 663
Book Description
Get a practical and thoroughly updated look at investment and portfolio management from an accomplished veteran of the discipline In Modern Portfolio Management: Moving Beyond Modern Portfolio Theory, investment executive and advisor Dr. Todd E. Petzel delivers a grounded and insightful exploration of developments in finance since the advent of Modern Portfolio Theory. You’ll find the tools and concepts you need to evaluate new products and portfolios and identify practical issues in areas like operations, decision-making, and regulation. In this book, you’ll also: Discover why Modern Portfolio Theory is at odds with developments in the field of Behavioral Finance Examine the never-ending argument between passive and active management and learn to set long-term goals and objectives Find investor perspectives on perennial issues like corporate governance, manager turnover, fraud risks, and ESG investing Perfect for institutional and individual investors, investment committee members, and fiduciaries responsible for portfolio construction and oversight, Modern Portfolio Management is also a must-read for fund and portfolio managers who seek to better understand their investors.
Author: Peter Scholz Publisher: Springer Nature ISBN: 3030408183 Category : Business & Economics Languages : en Pages : 302
Book Description
Robo-Advisory is a field that has gained momentum over recent years, propelled by the increasing digitalization and automation of global financial markets. More and more money has been flowing into automated advisory, raising essential questions regarding the foundations, mechanics, and performance of such solutions. However, a comprehensive summary taking stock of this new solution at the intersection of finance and technology with consideration for both aspects of theory and implementation has so far been wanting. This book offers such a summary, providing unique insights into the state of Robo-Advisory. Drawing on a pool of expert authors from within the field, this edited collection aims at being the vital go-to resource for academics, students, policy-makers, and practitioners alike wishing to engage with the topic. Split into four parts, the book begins with a survey of academic literature and its key insights paired with an analysis of market developments in Robo-Advisory thus far. The second part tackles specific questions of implementation, which are complemented by practical case studies in Part III. Finally, the fourth part looks ahead to the future, addressing questions of key importance such as artificial intelligence, big data, and social networks. Thereby, this timely book conveys both a comprehensive grasp of the status-quo as well as a guiding outlook onto future trends and developments within the field.
Author: Melanie L. Fein
Author: Melanie L. Fein
Author: Jelena Madir
Author: Volker Nissen
Author: Hrushikesh Mallick
Author: Melanie L. Fein
Author: Bryan P. Schwartz, et al.
Author: Aki Ranin
Author: Thomas Walker
Author: Todd E. Petzel
Author: Peter Scholz