5 great robo-advisors options

A time will come were you will start managing your finances and start investing. You can hire a financial advisor to help you build a strong portfolio or you can do it yourself. But there’s another way.

Robo-advisors are midway between hiring a professional or diving in yourself. These are user-friendly platforms that are increasing in popularity. They will allow you to navigate the platform and pick the best investment option for you.

Here are 5 robo-advisors for you to look into:

1-    Betterment

Betterment is the largest independent online investment advisor with cutting-edge technology guided by experts. There’s no minimum balance required to get started and some of the main features are: 
-    Automated IRA rollovers
-    Low annual management fee
-    Offers Taxable, IRAs, Roth IRAs and SEP accounts
-    Individual and joints investment accounts
-    SIPC protected up to $500,000

2-    Robinhood

Robinhood is a commission-free investment platform that will allow you to build a balanced portfolio and trade in real-time during market hours. It’s designed for new investors and experts alike and offers cutting-edge security and is a member of the SIPC.
With Robinhood, you can invest directly from your smartphone or computer.

3-    M1 Finance

M1 allows users to create their own portfolio with any stock or ETF, for free. You can invest in over 6,000 stocks without annual or commission fees. You can manage your investments from their Android or iPhone app. You can get started with as little as $100.

4-    Stash

Stash provides tools and guidance to help you achieve financial freedom. They offer affordable investing options with no add-on trading commission. They also offer the possibility of investing in fractional shares for any dollar amount. Stash has over 4 million users and it offers a Visa debit card that earns Stock-Back® rewards.

5-    SoFi

SoFi’s mission is to help people reach financial independence by making your money work for you. You can open an account for as little as $100 and receive financial advice form SoFi’s experts. You can also roll over an existing account to a SoFi Wealth Retirement account.    
SoFi offers a hybrid model: guidance to assist you with your portfolio that is maintained by a robo-advisor.
 

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