What Is an Automated Investing Service?
Automated investing services (sometimes called “robo-advisors“) like Betterment and Wealthfront use modern portfolio theory to build you a diversified basket of low-fee ETFs, or exchange-traded funds that offer much lower fees than standard mutual funds. Then they automate many functions like portfolio rebalancing, goal setting, and tax-loss harvesting (for non-IRA accounts).
Automated investing services (sometimes called “robo-advisors“) like Betterment and Wealthfront use modern portfolio theory to build you a diversified basket of low-fee ETFs, or exchange-traded funds that offer much lower fees than standard mutual funds. Then they automate many functions like portfolio rebalancing, goal setting, and tax-loss harvesting (for non-IRA accounts).
