The Top 10 Robo Advisors
Here are the best online financial advisors available
Online wealth management services — often called Robo Advisors or online financial advisors — use computer models to automatically tailor portfolios for individual investors like you. Services like these also advise you on how to:
- Best allocate money
- Rebalance portfolios as needed
- Reinvest dividends
In addition, robo-advisors perform other managerial services that historically have fallen within the realm of human financial advisors.
Low cost is a major benefit of robo-investors. You can expect to pay a fee of anywhere from 0.25 percent to 0.5 percent for investment management from robo-advisors compared with 1 percent to 2 percent for human advisors, according to a report in the Wall Street Journal.
Choosing the best financial advisors for your wealth management is crucial. GOBankingRates reviewed the top 10 online wealth management services, based on criteria such as annual fees, services offered, investment required and more.
Here are the top 10 wealth management services:
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Betterment
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Personal Capital
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MarketRiders
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Hedgeable
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Acorns
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WiseBanyan
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Motif
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Wealthfront
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FutureAdvisor
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SigFig
Source: GO BankingRates – The Top 10 Online Wealth Management Services
