Robo 101

Is a robo advisor right for me?

Investors vary is many different aspects; size of assets, required return, and the complexity of their situation to name a few.

Because of this, robo advisors are not for everyone. There is no easy approach to know if using a robo advisor would be your best option but there are several rules of thumb:
1. Do you currently invest? If no, then using a robo advisor is certainly better than nothing at all?
2. Is your situation complex? If so, a robo advisor may not be the best for you. In cases that are more than just simple retirement planning (estates, trusts, etc.), it may be more beneficial to speak with a financial planner who is more equipped to take a look at your situation and help build the most adequate plan for you. 

Top Articles

Check out more articles written about robo advisors in our archives.

The List

There are many roboadvisors to choose from; each with distinct characteristics and a wide variety of services offered. We break down the similarities and differences between these firms here at The List.