The projections for the expansion of robo-advisors are bold, to say the least. But simply because it is a rising pattern doesn’t mean it is best for you. It depends upon how you want to function as an investor and what your objectives are. So, let’s take a closer look at these automated providers.
Who Are the Robo-Advisors?
A number of the most well-liked robo-advisor providers are Wealthfront, Betterment, Personal Capital and FutureAdvisor. These are all impartial platforms, although large funding administration agency BlackRock acquired FutureAdvisor in 2015. Several different brick-and-mortar monetary establishments have launched robo-advisors to complement their providers. Among them: Charles Schwab, with its Intelligent Portfolios service; Wells Fargo, with its Intuitive investor; and Vanguard, with its Personal Advisor Services.
Wealthfront has a minimal funding of $5,000 and between this and up to $10,000, the service is free. After $10,000, there’s simple a 0.25%...
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