As discussed in previous articles, robo-advisors are becoming increasingly popular since they are more
cost-effective and beneficial. This article will look at more advantages
offered by these systems.
Professional financial consultants usually charge from 1% to
5% depending on the industry or the complexity of your portfolio. Moreover, if
you wish to invest in multiple projects, you might end up spending thousands of
dollars in consultancy services. The
minimum investment amount set my most companies is $500,000 or even $1 million.
As such, small and medium investors are faced with a significant barrier. Such
excessive costs prevent these firms from enjoying wealth management services
and they have to rely on their own knowledge and skills. However, robo-advisors
in the fintech market do not require you to have a minimum amount of
funds. There is no need to look for new income. You can just visit a website
with $500 and start your investment journey. Moreover, some firms even allow
you to benefit from both human and digital assistants.
Additionally, robo-advisors do not require your involvement.
You will not have to invest your time and energy. The smart
financial assistant will do everything, from analysing your
requirements, spotting the best opportunities and making the investment, for
you. You just have to keep track of the activities to make sure that they align
with your plans.
Robo-advisors
cater to the needs of small and medium investors
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