Best Robo-Advisors of July 2024

The best robo-advisors offer low-cost investment management, diverse portfolio options, a wide variety of account types — including traditional brokerage accounts and retirement accounts like IRAs — and strong customer support. When evaluating robo-advisors, we also look closely at the user experience of the robo-advisor's website and onboarding processes. 

What does a robo-advisor do? 

Robo-advisors automate investment management by using computer algorithms to build you a portfolio and manage your assets based on your goals and your tolerance for risk. Since portfolio management is handled by software rather than a human financial advisor, robo-advisors charge lower fees, which can translate to higher long-term returns for investors.

Low-cost financial advice and investment management are key components to building wealth, and robo-advisors can be an accessible way to get both.

To know more: https://www.nerdwallet.com/best/investing/robo-advisors?trk=nw_gn_6.0