Simple Investing with a Robo-advisor


Technology knows no limits. The scene of investment has changed at an exponential rate and has observed many phases. With the advent of technology, all the financial matters and everything that is related to the economy, considering a broad spectrum, is now relying on the methods of technology. Gone are the days when manual and tedious calculations were merged into calculators and predictions had to be calculated for formulating the future reserves. Now, with the success of technological impacts, Robo Advisor is a thing and is a must if you are considering a compact, exact, and an easy way of handling all your investment affairs.

Robo Advisor was introduced to the world in the year 2008. This advancement was foreseen a decade ago considering the drastic changes to computer software and hardware capabilities. The only difference Robo Advisor made was its approach and understanding toward the better and optimal options.

Why Robo-advisors have taken the market by a unique interest is worth considering. In the shortest amounts of words, Robo Advisors are portfolio managers. Whatever it is that you have invested in; anything that may affect your returns; managing and informing you about the market’s condition, and just about everything that is linked with your investment is looked after by the Robo Advisor. The technology can be simply narrowed as a definition of your personal advisor who is there to handle every single aspect concerning your assets and provide options to you that can guarantee an adequate solution.

Fed with updated algorithms and numerous mathematical modelling of the market and how it can tend to change, Robo Advisor is worth your investment. Instead of relying on your intuition and how things can or cannot go, as you had expected, Robo Advisor’s job is to stay connected with the trends and ups and downs of the market. That way, yours is the share and the return while the whole monitoring is done by the Robo Advisor.

The reason why Robo Advisors are preferred over the traditional financial and investment advisors is that they are not distracted by anything going on around them. Everything that deals and are attached to your investment solely relies on numbers and figures. An ordinary advisor apart from handling your investment may also be handling others, which can be very tedious and risky. The robo advisor minds its business by only allocating its focus on every single detail of your investments and assets.

It must be noted that the term ‘’Robo Advisor’’ is not a product of one company but is in fact offered by numerous companies around the world. The businesses that offer the robo advisors come with their specifications and are limited to certain extents. For example, Blackrock future Advisors offerRobo Advisors offering management up to $700 million. The fees considering the Robo Advisor of this company is around 0.5% of the balance allotted while the minimum requirements to fulfil the robo advisor is to have $10,000 in your account. The price goes as high as $6 billion as offered by Betterment. What is perhaps the most excitingRobo Advisor was offered by Moneyfarm. Moneyfarmalthough doesn’t share its AUM, it lets its users open an account with as least as minimum £1. The other most significant aspect of Moneyfarm is the fact that it deals only with ISA shares and stocks.