In our previous article, we defined what a robo-advisor was. (click here to read) This week, let’s dive into what it is about and the three basic steps to consider in choosing one.

While the easy lure of robo advisors are its competitive prices and the tapping on of award-winning algorithms and statistical models with less human-factors, there are important factors to note when choosing one, especially because not all of them are created equal.

Let’s dive into what robo-advisors are about and the three basic steps to consider in choosing one.

Be diligent in doing your homework. The best robots and algorithms in the world are still programmed and managed by humans. Be careful in evaluating their investment strategies and how they dynamically adapt to the ever-changing forces of