feed linkedin-square facebook-square twitter-square

Robo advisor

Jan 2019
Our top 2 online broker picks
DEGIRO
Saxo Bank
Robo advisor

Robo advisor
Definition

A robo advisor is an online platform that gives you automated investments advice. You provide your risk appetite and based on this the robo advisor recommends you an investment portfolio. These portfolios are actively managed, which means the robo-advisor changes the elements of the portfolio.

Everything is automated, so after signing up you don't have to do anything, just transferring in your savings. With robo-advisors you get convenience but less control on your portfolio. It also cheaper then mutual fund investing since everything is automated, thus cost-effective.

The biggest robo-advisor in the US are Wealthfront, Betterment and Vanguard. In the UK and Europe, Nutmeg and Scalable Capital are the leading ones.

Robo advisor and beyond - continue learning

Back to How To Invest Guide

AUTHOR

Gergely Korpos
Gergely Korpos
Co-founder, CPO
Gergely's aim is to bring more clarity into personal investing. He has 10 years of experience in financial markets with GE Money, KPMG and MOL. He concluded thousands of trades as a commodity trader and financial portfolio manager
Follow Brokerchooser on Twitter

Share

Comments