Top 10 Automated Investment Services

Do you want to learn about the automated investment? How can these top automated investment services help you to make investment fun, inexpensive and easy? Find out now!

✔ Last updated: 2020-02-24

These top automated investment services promise to make investing fun, easy and inexpensive. They are also called robo advisors, and these companies can take the uncertainty out of investing by creating a portfolio, rebalancing and investing in ETFs. Learn more about these services in this article!

Rank

Service Provider

Features

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★★★★★
100+ Ratings

Manage your portfolio for multiple goals at once and access human financial guidance when your account balance is over $100,000

✔Minimum Account Balance: $0
✔Management Fee: 0.15%-0.35%

★★★★★
100+ Ratings

Manage investments in individual accounts, trust accounts, IRAs, and 529 College Savings Plans with this robo-advisor app

✔Minimum Account Balance: $500
✔Management Fee: 0%-0.25%

★★★★★
100+ Ratings

Access a large range of investment options through automated, actively-managed funds and help from a financial advisor

✔Minimum Account Balance: $50,000
✔Management Fee: 0.3%

★★★★
100+ Ratings

Invest in personal stocks and ETFs through automated investment services that offer tax-loss harvesting and regular rebalancing

✔Minimum Account Balance: $25,000
✔Management Fee: 0.59%-0.89%

★★★★
100+ Ratings

Choose between a wide range of investment vehicles including IRAs, retirement or rollover accounts, trust accounts, and a 401(k)

✔Minimum Account Balance: $5,000
✔Management Fee: 0.0

★★★★
100+ Ratings

Enjoy the reassurance of automated investment services together with easily accessible human customer support

✔Minimum Account Balance: $10,000
✔Management Fee: 0.5%

★★★★
100+ Ratings

Create a smart, tax-efficient, and balanced portfolio that uses automated reinvesting and rebalancing and tax-loss harvesting

✔Minimum Account Balance: $2,000
✔Management Fee: 0%-0.25%

★★★
100+ Ratings

Get financial advice and spread your investments across over 90 portfolios for a balanced approach to savings for minimal fees

✔Minimum Account Balance: $1
✔Management Fee: None

★★★
100+ Ratings

Create a balanced investments portfolio using this automated investment service app

✔Minimum Account Balance: $5,000
✔Management Fee: 0.37%

★★★
100+ Ratings

Maximize your retirement funds using a robo-advisor along with human personalized financial advice for accounts over $100,000

✔Minimum Account Balance: $100,000
✔Management Fee: 0.5%

Automated Investing vs. Traditional Investment Advising

You can choose between the two primary methods that you can use to invest your money and they both have their own advantages. The first and the old way is through a traditional investment advisor, also known as financial advisor. This person will make all your investment decisions for you. They will pick the stocks that they think will outperform other stocks, mutual funds and index funds that he or she likes, and if they are on the ball, they will also rebalance your portfolio and they will make sure that that you are not too exposed in one sector or underexposed in another sector.

These traditional advisors make their money by charging all of their clients with a small percentage of their entire investment per year as a fee for their investment-picking expertise. Most of these advisors will charge you 1% with less than a million dollars invested.

The second method you might want to consider is called automated investing. This process might sound totally devoid of input from people, but automated investing involves a great deal of human thought and input on the front end. Unlike a traditional advisor, these automated or robo advisors will often pick a low-cost index ETFs that directly mirrors the ups and downs of the market, rather than managed funds. Robo advisors will charge a fraction of management fees than the financial planners around the world.

What are the Advantages of Automated Investment Services?

One of the many advantages of these automated investment services is that they handle every aspect of investing virtually. Once the money is transferred to a new account and a stock allocation or bond location has been chosen, the service will be the one that handles everything from rebalancing to dividend reinvestment to even tax loss harvesting. These type of services do not offer a lot of flexibility. The ETFs and asset allocation are determined by the advisor. But what they lack in flexibility, they make up with the ease of using their services.

Are There Automated Investment Services that Work With Existing Brokerage Accounts?

Yes, there are numbers of automated advisors that do not require the investors to transfer their funds out of existing accounts. But instead, the advisor will manage the asset allocation, rebalancing and dividend reinvestment from your existing account. These services will also offer asset allocation advice for those investors who prefer to manage their own accounts.

 

 

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