When you’re looking for a hands-off way to invest, robo-advisors can be a good choice. These online investment platforms typically provide automated investment management and often do so for minimal cost and little effort on your part. Simply answer a questionnaire about your financial goals, timeline, risk tolerance, and other preferences and the platform selects assets and designs a portfolio for you.
But not all robo-advisor platforms are created equal. Some are more expensive than others or require a steep minimum balance to get started. Some offer one-on-one guidance from a financial professional, while others may offer no human support at all.
