Global FinTech Guide
Country Name
Financial advisory and broking services including robo advisory and auto-trading
FinTechs belonging to this category offer advisory and broking services for investments usually via an internet platform.

Robo advisory services usually offer an investment proposition following a series of questions concerning the personal financial background and the risk-bearing capacity of the user. Sometimes the respective platform also enables the user to directly execute the proposed investment. 

Auto-trading concerns all services which automatically trade on behalf of the customer according to his or her specifications.

Apart from that some FinTechs collect and offer merely or as an ancillary service market information or operate comparison portals to increase the transparency of the capital markets and to help the investor with his decision-making. 

There are also FinTech-advertising-services which advertise various financial services or products.


Attitude of the country towards modern financial advisory and broking services

There is enough demand for this sort of companies in Peru.

Legal affairs

Obligations and requirements to provide financial advisory and broking services, or ancillary services described above

A company needs to obtain a license in order to provide investment advisory services. The costs depend on the law firm fees.

This sort of intermediation agents (brokerage firms or intermediary firms) is subject to the control and supervision of the Superintendence of Capital Markets (hereinafter, “SMV”). To perform as an intermediation agent, an organisation and operational authorisation issued by SMV is required, which has an indefinite effective term and can only be suspended or revoked by the same SMV. Moreover, the intermediation agents must be registered in the Public Registry of Securities Market.  

Additional comments regarding the legal situation for financial advisory and broking services, or adjacent services or what FinTech’s must be aware of in this business area

The Superintendence of Capital Markets called “SMV” will be the Regulator. Besides, the Data Protection Agency is in charge of the protection of data privacy rights.

Economic conditions

Market size for financial advisory and broking services as well as adjacent services and biggest companies in this business area

There are companies related to the biggest banking groups in Peru performing these services. 

Additional comments regarding the economic situation for financial advisory and broking services as well as adjacent services or what FinTech’s must be aware of in this business area




© 2022, Barrios Fuentes Abogados. All rights reserved by Barrios Fuentes Abogados as author and the owner of the copyright in this chapter. Barrios Fuentes Abogados has granted to Multilaw non-exclusive worldwide license to use and include this chapter in this guide and to sublicense Lexis Nexis, a division of RELX Inc. and its affiliates certain rights to use and distribute this guide.

The information in this guide provides a general overview at the time of publication and is not intended to be a comprehensive review of all legal developments nor should it be taken as opinion or legal advice on the matters covered. It is for general information purposes only and readers should take legal advice from a Multilaw member firm.


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