Robo Advisor Review: What Are The Benefits Of Investing With One?

The global value of assets managed by robo-advisors is expected to surpass $7 trillion by 2025.

If you’ve ever wanted a robot to clean the house for you, or to pick up your dry cleaning, then maybe you already understand why robo-advisory have become so popular.

Although they can’t handle those other responsibilities, robo-advisors are proving to be great at managing your investments.

Here’s a brief overview of the key robo-advisory facts you need to know.

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What Is a Robo-Advisor?

A robo-advisor is an online investment platform that manages your portfolio through computer automation.

While additional services from a financial advisor can be provided (depending on your provider), this platform requires little to no human supervision, allowing you to enjoy these benefits at a very low cost compared to traditional investment advisor fees.

How Does A Robo-Advisor Work?

A robo-advisor uses algorithms and advanced metrics to create and manage your personalized portfolio.

It considers specific, individual factors such as risk tolerance, time horizon, and financial goals.

This automation process is paperless and allows you to open an account in minutes.

Once your account is created, your investment capital is automatically invested into a variety of different passive indexing strategies, usually through exchange-traded funds (ETFs), that invest in stocks, bonds, and commodities.

Robo-Advisor Industry Returns: An Overview

This automated form of investment was first used publicly during the financial crisis of 2008.

Although this technology wasn’t new to the industry, it became available to the general public when investors needed new ways to manage their assets.

In 2015, it became an industry standard as assets under robo-advisors topped $60 billion worldwide and are now projected to surpass $7 trillion by 2025.

Analyzing stock performance via a robo advisor phone app.
Robo-advisor platforms rely on automated valuation and risk analysis to help you create and manage your investment portfolio.

Choosing The Best Robo-Advisor For Your Needs

When considering a robo-advisor, it is important to understand your financial goals.

If you are a new investor or you would prefer for someone else to do the heavy lifting , this is a great strategy to grow your portfolio.

Robo-advisors require low or zero minimum balances to get started, unlike most traditional forms of investing.

This creates minimal limitations for you to begin securing your financial future.

If you are interested in growing your assets and investing in your future, visit BeniGro’s homepage to get started now.

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