Robo advisors: fees, advantages and disadvantages
Robo-advisors have grown in popularity in the last years and the number of the consumers who have started using them to invest their money, has increased significantly. They are a particular class of financial advisors, that provide financial advice or investment management online using algorithms to automatically allocate, manage and optimize clients’ assets and in which the human intervention is minimal. To obtain information about the clients’ degree of risk-aversion, financial status, and desired return on investment, robo-advisors use online questionnaires and after this process, they allocate the client’s money in investments products. Clients can choose between offerings with passive… Continue reading