BI IntelligenceRobo advisors are increasingly growing in popularity, and these automated services are threatening to take huge amounts of business away from traditional financial advisors.
Multiple different segments of the investing public have already taken advantage of robo advisors for a variety of reasons. Many traditional financial advisors have decided to work cooperatively with robo advisors rather than try to compete with them directly, and this strategy has helped streamline the process and reduce costs.
Millennials use robo advisors because they remove the perceived "guess work" out of investing, which provides a measure of comfort to hesitant millennial investors. And often, robo advisors offer cheaper fees than human buy app reviews
advisors, which also makes them attractive to this group.
And retirees and high net worth individuals can often test robo advisors because they have more disposable income.
But which robo advisor should you use?
To help you narrow down the choices, BI Intelligence, Business Insider's premium research service, has decided
to review some of the most popular robo advisors on the market to help you make the most informed decision.
In this article, we'll cover Moneyfarm.
Moneyfarm Review Summary
Fees & Pricing
AUM, Returns, & Portfolio Performance