Do you have financial problems and want a piece of advice? if so, Robo-Advisors are the best solution for you to give you financial advice and how to invest your money. Robo-Advisors are self-guided online wealth management service that provides automated investment advice at low costs and low account minimums, employing portfolio management algorithms. In this article, I will tell you about the best Robo-Advisors to help you.
Top 8 Robo-Advisors in 2019
Betterment is the largest independent online investment advisor, and their mission is to help you make the most of your money. The more you deposit, the longer they waive your management fee.
It also offers accounts with fees ranging from .25 to 0.40 percent, with up to a free year of management depending on the size of your money. Most accounts have a .25 percent fee, but premium accounts are available with additional features for accounts over $100,000 in size for a 0.40 percent fee.
Wealthfront is one of the best Robo-Advisors for its reliance on Modern Portfolio. Wealthfront Software provides a financial planning service tool designed to aid Wealthfront Advisers’ clients in preparing for their financial futures by allowing them to personalize their assumptions for their financial planning goals.
It designs a portfolio based on your goals and you can get help from Schwab professionals any time, also you can get started with as little as $5,000. Like other robot-advisors, you’ll fill out a survey when you sign up looking at your goals, risk tolerance, and timelines.
Personal Capital makes you see where you stand, and link all your accounts for free to see a clear real-time view of your entire financial life, See your net worth, Analyze your investments and spot hidden fee and Set spending and saving goals.
SoFi is a top destination for those who have a good education, young professionals to refinance student loans, but the company has grown to include a range of financial services, including other loans and investment management.
Wealth simple builds an intelligent, personalized portfolio using Nobel Prize-winning investment strategy. the website uses a low cost and technology so it can charge a fraction of traditional advisors’ fees.
The best website for you dear women. Their slogan is “Invest Like a Woman Because Money is Power”. This platform aims to close a big financial gap for women.
One of the oldest Robo-Advisors it has a fee-free approach. WiseBanyan offers a fully automated platform. It doesn’t offer every type of investment, but it does have a range of investment options and includes cash as a part of your portfolio if you so choose.