This is how we are able to support the continued development associated with this free
robo advisor comparison tool.
When making
a robo advisor comparison, price is often the only real difference.
This robo advisor comparison is just the start when it comes to the rapidly expanding market of automated investing.
Customers must now run their own
robo advisor comparison for companies that offer automated investing services.
Not exact matches
We discussed fee
comparison in a previous section, but the
robo advisor falls on the lower to mid-range part of the spectrum, and the free management for the first $ 10,000 is a wonderful selling point to get skittish investors to dip their toes in the water.
(See the accompanying
comparison tool below Which
Robo - Advisor is Right for You Now for a guide to current offerings from seven leading robo - adviso
Robo - Advisor is Right for You Now for a guide to current offerings from seven leading
robo - adviso
robo -
advisors.)
And if you're not into DIY, check out this
comparison tool for
robo -
advisors, who can do the asset management part while your fee - for - service planner does the planning part.
If you do a
robo -
advisor comparison, you will find that the best
robo -
advisor is a lower cost alternative to a human financial
advisor.
You can do a
robo -
advisor comparison with Make Lemonade to find the right
robo investment
advisor for you.
Make Lemonade's
robo -
advisor comparison can help you navigate which is the best
robo investor for you.
We haven't included
robo -
advisors in our
comparison because they are significantly different from the DIY options you'd find in the traditional Couch Potato portfolio.
Based on this
comparison, if you have $ 10,000 or more of investable funds, you pay lower fees with
robo -
advisors WiseBanyan than you would at the discount online brokerage TradeKing.
By
comparison, most
robo -
advisors charge a 0.5 % fee, plus a much smaller MER on the actual fund.
Does a flexible
robo advisor (offering automated, passive investment strategies tailored to investor situation / preferences) perform well in
comparison to mutual fund / stock portfolios they might replace?
You may also enjoy this episode of Because Money on
robo -
advisors and the
comparison tool, as well as this one on how they're not quite perfect.
And if you're not into DIY, check out this
comparison tool for
robo -
advisors, who can do the asset management part while your fee - only planner does the planning part.
Pretty much every
robo -
advisor does a fee
comparison on their website which shows you can save a bundle in fees compared to investing with a conventional
advisor using mutual funds.
But comparing regular
robo -
advisor offerings that provide very limited advice with full - service mutual fund
advisors isn't an apples - to - apples
comparison since the advice level isn't generally comparable.
(As a side note, some
robo -
advisors do these fee
comparisons without counting the fees embedded in the ETFs they use, which is misleading.)