robo-advisors

Robo-advisors are automated online financial services that provide investment management and financial planning through algorithms. They create and manage a diversified investment portfolio for you based on your financial goals, risk tolerance, and time horizon. You typically begin by answering a questionnaire, and the robo-advisor uses that information to tailor an investment strategy. This service is often more affordable than traditional financial advisors, as it usually charges lower fees and requires minimal human intervention. Robo-advisors make investing accessible and efficient for people who may not have extensive knowledge or resources to manage their investments.