Robo-advisors algorithms based financial advicer or portfolio management

Robo-advisors are a class of financial adviser that provides financial advice or portfolio management online with minimal human intervention.

Much of the focus has been on portfolio management. While their exact recommended portfolio allocations may vary, currently most robo-advisors employ algorithms such as Modern portfolio theory that originally served the traditional advisory community, which has used algorithmically-based automated investment solutions (dubbed in the industry as “rebalancing software”) to conduct portfolio management

Robo-advisor (robo-adviser) use the same software as traditional advisors, but usually only offer portfolio management and do not get involved in more personal aspects of wealth management, such as taxes and retirement or estate planning.

Below is a list of several robo-advisors:

AssetBuilder

Betterment.com

Covestor

Edelman Financial Services

Financial Guard

FlexScore

Folio Investing

FutureAdvisor

Hedgeable

Jemstep

LearnVest

MarketRiders

Motif Investing

Motley Fool Wealth Management

Nutmeg.com

Personal Capital

RebalanceIRA

Schwab Intelligent Portfolios

SigFig

TradeKing

Vanguard VPAS

Wealthfront

WiseBanyan

Services: Brokerage Accounts, Retirement Funds, Financial Planning Tools, Corporate Services, E*T

 

Leave a Reply