Charles Schwab

Should you ditch your financial advisor and hire a robot?

Should you ditch your financial advisor and hire a robot?

If you’ve ever wished for a robot to clean your house or walk your dog, you’ll likely understand the appeal of a robo-advisor. These services offer a relatively hands-off way to manage your investments.

Also known as automated investing or online advisors, robo-advisors use computer algorithms and advanced software to build and manage a client’s investment portfolios, offering such features as automatic rebalancing and tax optimization. They require — and often offer — little to no human interaction.

What robo-advisors cost

This kind of...

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