Curious about robo-advisor
What is the cost of using a robo-advisor and how does it compare to traditional financial advisors?
The cost of using a roboadvisor varies depending on the specific platform and services offered. Generally, roboadvisors charge lower fees compared to traditional financial advisors. The fees for roboadvisors typically range from 0.25% to 0.50% of the total assets under management. However, some roboadvisors may have additional fees for specific services or features. In comparison, traditional financial advisors may charge fees ranging from 1% to 2% of assets under management, along with other fees and commissions. It's important to compare the costs and services of different roboadvisors and traditional financial advisors to determine which option is best for your specific financial situation and investment goals.