Research On Legal Issues Of Intelligent Investment Advisor

In the current era of rapid technological and economic development,people are increasingly pursuing scientific and efficient asset allocation and wealth management models that meet their needs in financial management.The era of large asset management is coming.At present,based on the development of the Internet and Fintech(financial technology)in the world,and relying on the support of relevant policies in various countries,investment consulting services have become increasingly popular,and Robo-advisor consulting industry has appeared.Robo-advisor has both the functions of investment consulting and asset management.In China,the development of Robo-advisor is still limited by the imperfections of the current legal system and regulatory framework,and there are still many problems.By combing the relevant legal relations of Robo-advisor and combining the excellent experience of foreign countries in the regulation of Robo-advisor,this article makes recommendations for the regulation of Robo-advisor in China,and is committed to eliminating obstacles in the development of the industry,increasing supervision,and standardizing The financial order promotes the innovative development of technology finance.This study mainly uses literature research method,comparative analysis method and normative interpretation method,except the introduction,is divided into four chapters.The first chapter is an overview of Robo-advisor.First of all,the article makes a preliminary definition of the concept of Robo-advisor by sorting out the concepts of Robo-advisor in different countries or institutions.Then by comparing with traditional investment consultants,the characteristics and advantages of Robo-advisor are analyzed.Finally,it focuses on the legal relationship involved in Robo-advisor services.The second chapter discusses the development status and legal issues of China’s Robo-advisor.Firstly,by dividing the operation mode of the Robo-advisor platform,the development status of Robo-advisor in China is briefly introduced.Then elaborate on the current problems faced by China’s Robo-advisor,mainly including market access,fiduciary duty,investor rights protection and unclear regulatory system.The third chapter takes the three countries of the United Kingdom,the United States and Australia as the research objects,and analyzes the regulatory experience of Robo-advisor,in order to provide excellent reference experience for the development of Robo-advisor in China.The fourth chapter is mainly to propose regulatory suggestions for China’s Robo-advisor industry.Effectively regulate China’s Robo-advisor industry through four levels: improving the market access system,clarifying the fiduciary duty requirements of Robo-advisor,strengthening the protection of investors’ rights and interests,and improving the regulatory system of Robo-advisor,to ensure the healthy development of Robo-advisor industry...