Robo-Advisor
An automated service that builds and manages a diversified portfolio for a low fee.
A robo-advisor uses software to create and maintain an investment portfolio based on your goals and risk tolerance, handling tasks like rebalancing automatically. It offers a hands-off, low-cost entry point for new investors, though fees still matter over time.
Examples
- A robo-advisor might automatically rebalance your portfolio and reinvest dividends.