Robo tools pose significant legal risks, says lawyer

The benefits that robo-advice tools offer clients make them crucial to the future of the industry, but these services can still pose a significant legal risk to advisers, according to financial services law firm Holley Nethercote. Speaking at The Adviser Network’s Digital Advice Conversations last week, Holley Nethercote partner Grant Holley explained that digital advice presents several legal challenges, particularly for services offering personal advice.