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Regulators have issued guidance and investor alerts on robo-advisors, but BlackRock’s paper suggests a clearer regulatory framework is needed. (Photo: Getty)

BlackRock, the investment management company that oversees more than $4.7 trillion in assets, has issued a new paper outlining what regulatory best practices should look like for robo-advisors.

The world’s largest private sector manager by assets under management, New York City-based BlackRock has a stake in the robo-advisory or algorithm-powered automated investment platforms market, which consultancy KPMG says was managing about $60 billion in assets by the end of last year.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

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