Best Robo-Advisors to make you money

Let the robots take the wheel...

From robot vacuums to browser extensions, we’ve witnessed a surge in physical and digital robotic services to assist with vital activities in recent years. Artificial intelligence and machine learning have been among the most amazing 21st-century developments, with computers becoming wiser by the day. And these machines can now assist you to manage your investments, allowing you to use your money to earn more money without having to take your hands off the wheel.

Robo-advisors, similar to self-driving Teslas, are online financial investing systems that construct and maintain an investment portfolio based on your financial goals and unique needs, but without your constant attention. Robo-advisors allow you to invest while relaxing at a far lower cost than a human financial advisor.

All you need is a small sum of money and the answers to a few questions about your aims and investing style. It’s like having a financial advisor available at all times.

Robo-advisors (such as Betterment, Wealthfront, and others) are perfect not just for first-time investors, but also for those who don’t have a lot of time for portfolio maintenance or who are put off by the expensive management or advising costs associated with a conventional financial adviser. However, these are not the only possibilities for developing your investing strategy. If you have a certain Robo-advisor in mind, you may apply the same criteria we do to determine whether it matches your needs.

How we selected the finest Robo-adviser

To find the best Robo-advisor available, we examined them using the following criteria:

  • Minimum opening and continuing account amounts.
  • The number of fees and their associated expenses.
  • A wide range of investing accounts are accessible.
  • Availability of a human investment manager.

If you’re a hands-on investor or prefer to seek investment guidance from a human financial planner, Robo-investing is probably not for you. Instead, consider hiring a portfolio manager or picking your stocks for your account. However, if you want a hands-off approach to managing your portfolio, a Robo-advisor might be an excellent alternative.

Many of the Robo-advisers listed below share many similarities. The best one for you will be determined by the sort of investor you are. Examine our recommendations to choose the best service for your needs.

Overall winner


Betterment was a pioneer in the field of Robo-advisors. It has withstood the test of time to be one of the top popular Robo-advisors for financial planning.

Betterment charges a single fee of 0.25 percent each year on your credit (or $25 per each $10,000 you hold). Betterment also has a premium tier that costs only 0.15 percent extra. Enrolling in the 0.4 percent yearly fee tier grants you unrestricted access to professional financial advisors and guidance on all of your investments, including those not held by Betterment. And, owing to automated rebalancing and tax-loss harvesting, you won’t hold onto investments that aren’t performing well. Tax-loss harvesting occurs when an asset is sold at a loss and comparable security is purchased to replace it, balancing taxable profits and income. In addition, the $0 minimum amount means you may get started right away.


Wealthfront, along with Betterment, is one of the largest Robo-advisers accessible, but it does have an account minimum of $500, which means you must have at least that amount of money to start an account. It enables you to review monthly portfolio reports and make asset modifications as needed, as well as easily move between more cautious and riskier assets.

Wealthfront shared the best ranking because it offers tax-loss harvesting, taking advantage of changes in the market to reduce your tax bill. The money earned from lower taxes covers Wealthfront’s 0.25% advisory fee for 96% of customers, so it largely costs nothing to use it.

Furthermore, Wealthfront provides US direct indexing (originally known as stock-level tax-loss harvesting), in which specific stocks that are losing money are swapped out for more profitable ones. It’s advantageous for stock investors since it allows you to reduce your taxed profits on higher-risk stock purchases. This improved function, as well as others, is accessible if your account balance exceeds $100,000. For example, the digital advisor function Smart Beta (for portfolios $500,000 and higher) analyzes value, dividend yield, and volatility to measure the weight of investments in your portfolio. However, you do not have to pay a larger yearly fee to have access to them; you simply need more funds in your investing account.

What to read next...


Leave a Reply

Your email address will not be published. Required fields are marked *

Make your inbox happier!

Subscribe to Our

Powered by