Robo Advisors – A Boon For Investors?
Since their introduction just over a decade ago, robo advisors have become popular with beginner investors having low starting deposits and those who do not have in-depth market knowledge. These advisors are generally online services that provide automated portfolios based on your financial goals, risk profile, etc. and are considered to be a cost-effective alternative to a traditional human advisor.
How exactly do they work? What are it’s pros and cons? Is robo advisor the future?