If you are still unsure about what exactly Robo advisors are, they basically offer low-cost diversified passive investing where algorithms help recommend you stocks and manage your portfolio.
Main Differences Between Robo-Advisor And Human Advisor Robo-Advisor Human-Advisor Fees 0.2% – 1% of total invested per year 2% – 3% of total invested per year Services Manages investments Manages investments + More specialised services (Eg. Tax advice, Estate planning) Good for – Beginners
– Less complicated investments
– “Lazy” Investors – Experienced investors with more assets
– More complicated