Robo Advisors

401K Fees Are Too High. Here’s What to Do.

For being one of the richest countries on the planet, it’s rather puzzling as to why Americans can’t manage to save any of their money. Ask any American about their savings, and you’ll probably get some response which includes the word “401k”. For our international readers, a 401k is a retirement plan that any American who […]

6 Robo Advisory Firms Trying Hard to Innovate

We’re often puzzled as to how people can use terminology to put an entirely new coat of paint on something that’s been around for a long time and then purport that it’s new and exciting. Take robo advisors as an example. In the good old days, you met with a wealth manager who asked you a bunch […]

Are the Biggest Robo Advisors the Best?

The United States may be called the “land of opportunity”, but most of its citizens seem to take that for granted. If you are lucky enough to live in a country where you have the means to make a decent salary, you should make hay while the sun shines because those nice salaries may very […]

Robo-Advisors, AI, and Asset Allocation

We’ve talked about robo-advisors before and concluded that these are just the same tools that private wealth managers use for their clients except now they’ve been sent up to live in “the cloud“. If we take a step back though and look at the actual service being rendered here by both a robo-advisor and a […]

Robo Advisor vs. Human Financial Advisor

In a previous article, we opined that the truth behind robo advisors is that they simply take the same private wealth management tools that a human financial advisor would always use and then automate them, simplify them, and externalize them. We tried to prove this by comparing robo advisor Betterment with Motif Investing and pointed out that in […]

Motif Investing vs. Betterment Robo-Advisor

In a previous article, we talked about how robo-advisory firms aren’t doing anything that different from the service offering that most wealth management firms already provide. Robo-advisory firms have just taken the human element out of the equation. We then went on to take a look at Betterment, one of the largest (if not the […]

Are You Better Off Investing with Betterment?

In a recent article titled “The Truth Behind the Rise of Robo-Advisors“, we talked about how a “robo-advisor” is only similar to a robot because it is automated. It does not use any sort of artificial intelligence (at the moment) which means the strategy itself is very similar to what a traditional wealth management advisor would offer. It’s […]

The Real Truth Behind the Rise of Robo-Advisors

If you’re a finance professional, the question you probably get asked most by your friends and acquaintances is “what investments they should make”? That’s the basic question that everyone with money will ask. They may ask the “financial advisor” at their bank, they may turn to Google for advice, they may ask their “friends who […]