A report published in June, commissioned by asset manager, Federated Investors, challenges Department of Labour (DoL) Perez was accurately saying is that the industry should be paying more attention to technology-driven solutions to deliver scalable retirement advice to more people, at a lower price. Secretary Thomas Perez's support of robo-advisors. The report, titled 'Robots and the Future of Jobs', says that while robots are already being used to automate some tasks, they will be increasingly employed as a complement to, rather than replace human workers. It also alleges that robo-advisors may be unregistered investment companies in violation of both the Investment Company Act of 1940 and SEC regulation.
A report published in June, commissioned by asset manager, Federated Investors, challenges Department of Labour (DoL) Secretary Thomas Perez's support of robo-advisors. The report, titled 'Robots and the Future of Jobs', says that while robots are already being used to automate some tasks, they will be increasingly employed as a complement to, rather than replace human workers. It also alleges that robo-advisors may be unregistered investment companies in violation of both the Investment Company Act of 1940 and SEC regulation.