I spent 10 years working in finance and I'm convinced robo-advisers are better than human advisers for 5 reasons

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Robo-advisors shouldn't perform significantly better than a great financial advisor, but not all financial advisors are great

Robo-advisers shouldn't perform significantly better than a great financial adviser, but not all financial advisers are great. Plus, robo-advisers cost a lot less than most financial advisers and keep your money exclusively in low-cost funds, so your all-in costs are significantly lower with an automated investment solution. Don't discount this difference — it can easily be worth tens or hundreds of thousands of dollars to your portfolio over time.

If you have yet to come around to the idea of robo-advisers managing your money, it may be time to get on board with this growing trend. With the potential for better performance and a guarantee for lower fees, robo-advisers are the future of investing and a great choice for any modern long-term investor.Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Netflix stock drops more than 10% as earnings show huge drop in new subscribersNetflix Inc. shares plunged more than 10% in the extended session Wednesday after the video-streaming giant badly missed projections for new paid subscriptions. GarCapital Down from 5 day high in the low 380’s. Too many streaming competitors this is only the start!!!!! $DIS is gonna take over $NFLX
Source: MarketWatch - 🏆 3. / 97 Read more »