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What is an Automated Investing Service ?

An automated investing service (or Robo advisor) is an alternative to traditional financial advisory services. These services use software to invest and manage a globally diversified portfolio accounts automatically.

With these services, you will be asked series of financial risk-assessment questions to to build a portfolio that meets your risk tolerance and saving goals. Based upon your risk tolerance, computer software algorithm takes care of your portfolio management and allocation (choosing the funds, re-balancing and dividend reinvestment) automatically.

Main goal of these service is to reduce the investment fee compared to a human financial adviser.

Here is the list of online financial advisers.

Compare the differences and it’s investment strategy before choosing a robo adviser for your investment needs.

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