Robo Advisor is an internet-based investment advisory firm offering a fully digital experience. Clients are guided through an online platform to capture their financial goals and risk profiles, resulting in a personalized portfolio recommendation. Robo Advisor uses automated asset allocation, portfolio analysis, tax management, portfolio rebalancing, and security selection strategies. The firm also provides financial planning advice on topics including tax, estate, business, retirement, education planning, budgeting, and cash flow.
Fee Structure
Robo Advisor charges an investment advisory fee ranging from 0% to 0.25% per year, which can be negotiated. The fee is based on the assets in your account and is deducted either monthly or quarterly in advance. Some clients may contract for investment advice on a subscription basis, ranging from $0.00 to $8.99 per month, depending on the account type and complexity of the investment strategy. The investment advisory fee includes all custody, transaction, and sub-advisory costs.