Ok, so what are my options?
Over the past few years, these has been enormous growth in the robo advisor industry. In the recent past, many new robo advisors have come into the marketplace with their own offerings. It started out with small entrepreneurial endeavours and has now made its way to the largest financial firms in the industry. Unlike the traditional marketplace with thousands of advisors investing with different products, different levels of service, and vastly different price points, the robo advisor industry is much more transparent. Because of the nature of the robo adivsor model (high volume, low fee) and the similarities in investment techniques, this competitive industry continues to offer a better value proposition with better service and lower cost.
Certainly, there are still differences between the many robo advisors in the marketplace and it is important to understand them when choosing between them. The best way to break down the industry is to take a look at The List. We've tried to help narrow your search and provide useful details when comparing your different options.
Check out more articles written here at RoboRiches in our archives.
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.