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...