Thanks to the rise of robo advisors, investing for the future is now more accessible than ever. You don’t have to spend a lot of time or money hiring a financial advisor to create a complicated asset allocation to receive the best returns possible. Robo advisors now have the technology and computer software to do this for you — all at a lower annual fee. Let’s make a quick comparison between robo advisor fees.
Which robo advisor service offers the best bang for your buck?
Here’s a side-by-side comparison case study that showcases the real annual costs of the most popular robo advisor services. For this article, I chose these five leading robo advisors:
- Fidelity Go
- Vanguard’s Personal Advisor
Click on the respective link to read our review.
I chose these firms because of their popularity, the amount of assets under management (AUM), and their automated, hands-off approach to asset allocation and investing.
We don’t know the future returns of the asset allocation models each robo advisor provides, but we do know how much each service will cost per year.
The goal of this article is to report on one thing: the measurable annual costs of each investment provider.