<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0123-4366</journal-id>
<journal-title><![CDATA[Revista de Derecho Privado]]></journal-title>
<abbrev-journal-title><![CDATA[Rev. Derecho Privado]]></abbrev-journal-title>
<issn>0123-4366</issn>
<publisher>
<publisher-name><![CDATA[Universidad Externado de Colombia]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0123-43662023000200309</article-id>
<article-id pub-id-type="doi">10.18601/01234366.45.11</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Automation in Investment Advice. A European Perspective]]></article-title>
<article-title xml:lang="en"><![CDATA[La automatización en el asesoramiento de inversiones. Una perspectiva europea]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[RINALDO]]></surname>
<given-names><![CDATA[CARLOTTA]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Humboldt de Berlín  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Alemania</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2023</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2023</year>
</pub-date>
<numero>45</numero>
<fpage>309</fpage>
<lpage>340</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0123-43662023000200309&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0123-43662023000200309&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0123-43662023000200309&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[RESUMEN. El presente artículo investiga cómo se encuadra el asesoramiento de inversión automatizado (también llamado asesoramiento robótico) en el actual marco regulatorio europeo. Desde el punto de vista de un jurista europeo se describe y define el fenómeno, destacando sus beneficios y riesgos potenciales, y delineando los principales modelos de negocio en el mercado. Analiza los retos que implica la aplicación del régimen MiFlD II, especialmente en el ámbito de la protección de los inversores.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[ABSTRACT. This article investigates how automated investment advice (often called robo-advice) fits into the current European regulatory framework. It depicts and defines the phenomenon through the eyes of a European lawyer, both overviewing its potential benefits and risks, and outlining the main business models on the market. It analyses the challenges posed by the application of the MiFlD II regime, especially in terms of investor protection.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[robo-advice]]></kwd>
<kwd lng="en"><![CDATA[investment advice]]></kwd>
<kwd lng="en"><![CDATA[investment firms]]></kwd>
<kwd lng="en"><![CDATA[automation]]></kwd>
<kwd lng="en"><![CDATA[Fin-Tech]]></kwd>
<kwd lng="es"><![CDATA[Robo-advice]]></kwd>
<kwd lng="es"><![CDATA[asesoramiento financiero]]></kwd>
<kwd lng="es"><![CDATA[empresas de servicios de inversión]]></kwd>
<kwd lng="es"><![CDATA[automatización]]></kwd>
<kwd lng="es"><![CDATA[FinTech]]></kwd>
</kwd-group>
</article-meta>
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