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🔰 Introduction to Robo-Advisors

What is a Robo-Advisor?

A robo-advisor is an automated online platform that uses advanced computer algorithms to provide financial advice with minimal human involvement. This type of automated advice primarily focuses on portfolio management and overall wealth management.

Robo-advisors combine ETFs and government bonds to recommend low-risk portfolios. Unfortunately, most robo-advisor services are currently available only to U.S. investors. However, at the end of this article, you will find options tailored for UK and other European investors.

What Robo-Advisors Offer?

Robo-advisors offer financial advice by applying modern economic theories along with various diversification techniques. This process results in an automated investment service capable of providing:

• Portfolio Management (i.e. by combining ETFs and Bonds)

• Multi-Level Portfolio Diversification

• Wealth Management (reinvesting dividends, controlling tax, tax harvesting, etc.)

• Improving Investment Decision-making (making decisions easier, and speeding up processes)

• Making Online Platforms easier and more efficient for users

• Enhancing the general investor satisfaction throughout the levels of the advisory process

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