The world of finance is constantly evolving, and the emergence of robo-advisors is shaping the future of investment. Robo-advisors are digital platforms that use algorithms to provide investment advice and manage portfolios. They have gained popularity in recent years due to their low fees, accessibility, and convenience. In this article, we will explore the benefits of robo-advisors for investors.
One of the primary benefits of robo-advisors is their low fees. Traditional financial advisors typically charge a percentage of assets under management, which can be expensive for investors with smaller portfolios. Robo-advisors, on the other hand, charge much lower fees, often less than 1% of assets under management.