With Robo advising achieving the main stream status, there are many newcomers coming up with innovation and old ones striving to catch up. Here lets discuss about few rob advisors in the market which offer high net return for low investments.
Betterment and Wealth front are considered to the best ones in the market with low management fees and good minimums. They are quite easy to use with their interactive interfaces.Most of the consumers prefer them for their low account minimum features,making it accessible to many. They offer diversified portfolios with tax loss harvesting and automatic rebalancing.These services differ in their fee structure. Wealth front offers flat fee with whereas betterment offers a tiered payment structure where it reduces fee for higher account balances.
There are efficient rob advisors which manage the portfolio free of charge like WiseBanyan and charlesSCHWAB. These are not completely free, they carry few expenses in funds and trades.
Vanguard and Personal Capital offer hybrid services which offer both human advisor and computer based advices. But these have high account minimum fees,but they offer personalised services.For taxable accounts, wealth front and personal capital offer high optimisation and tax efficiency for taxable accounts. Betterment and fidelity go offer the better services for retirement plans.
Major players like Wellsfargo are also venturing into the Robo-advising field to capitalize on the growing oppurtunity.
Source:
https://www.nerdwallet.com/blog/investing/best-robo-advisors/