{"id":5422,"date":"2016-11-02T01:01:15","date_gmt":"2016-11-02T05:01:15","guid":{"rendered":"https:\/\/einvestingforbeginners.com\/?p=5422"},"modified":"2022-06-01T16:02:23","modified_gmt":"2022-06-01T20:02:23","slug":"investment-planning-services","status":"publish","type":"post","link":"https:\/\/einvestingforbeginners.com\/investment-planning-services\/","title":{"rendered":"Comparing Online Investment Planning Services"},"content":{"rendered":"\n
Robo-advisors can make investment planning quite intriguing. By using algorithmic calculations to determine the optimum asset allocation for your portfolio, robo-advisors offer you computerized investment advice.<\/p>\n\n\n\n
Sound complicated? Well, it isn\u2019t, at least not for a robo-advisor, who can help you set your investment goals and can provide you with the best investment advice to meet these goals. The best part in using a robo-advisor is that you don\u2019t have to spend a lot of money.<\/p>\n\n\n\n
Robo-advisors offer online investment planning services at a lower cost than traditional advisors (as there is no active management involved), and guide you every step in the process.<\/p>\n\n\n\n
Editor’s Note: This is a guest contribution by Christina Pomoni.<\/em> <\/p>\n\n\n\n So, What Is So Special About Robo-Advisors?<\/strong><\/p>\n\n\n\n Robo-advisors are using automation in the form of algorithms to optimize your portfolio and advise you on how to allocate your investment assets in a way that fits your investment profile, i.e. the risk that you are willing to accept.<\/p>\n\n\n\n Furthermore, with the use of technology, they offer optimization of investment returns based on quantifiable data, thereby providing you with a tax-efficient diversified portfolio that can meet your investment goals. Are they so much smarter than traditional advisors? Maybe or maybe not.<\/p>\n\n\n\n\n\n\n\n In fact, they are using the same technology that traditional advisors use for so many years now. However, there are no middlemen in the process, and you can beat the behavioral biases of active management, without being on your own. The best part is that most of them invest in index funds. Here is a brief comparison of online investment planning services to help you determine which one suits you best:<\/p>\n\n\n\n