Robo-advisors are automated platforms that provide investment management services. They use algorithms to create and manage your investment portfolio based on your financial goals and risk tolerance.
Robo-advisors gather information about your financial situation and goals through online questionnaires. They then use this data to recommend a diversified portfolio of ETFs or mutual funds.
How Robo-Advisors Work
Benefits of Using Robo-Advisors
Robo-advisors offer low fees compared to traditional financial advisors, making investing more accessible. They also provide convenience, automated rebalancing, and tax-loss harvesting.
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