SEC and FINRA Issue Investor Alert Regarding Automated Investment Tools

The SEC Office of Investor Education and Advocacy and FINRA issued an alert to provide investors with a general overview of automated investment tools.

According to the alert, automated investment tools range from personal financial planning tools, to portfolio selection or asset optimization services, to online investment management programs. The alert provided five tips for investors to follow before using any automated investment tool, and explained that it is important for investors to understand both the benefits and risks of using such tools.

See: Investor Alert.