Young investors, then, should take a good, long look at Vanguard Digital Advisor, which meets nearly all of their needs while charging less than nearly any other competitor.Īt the same time, Vanguard Digital Advisor isn’t for everyone. Hence, the proliferation of robo-advisor platforms over the past decade or so.įor new investors who are looking at robo-advisors for the first time, choosing a platform with the lowest fees possible should be one of the most important criterion. People lead busy lives, and many, if not most, are willing to pay a company to do the job for them. In fact, you could open an online brokerage account right now and build a diversified portfolio much like a robo-advisor would provide for you.īut that would take time and a certain amount of expertise. You might not really need anything fancy to accomplish this task. ![]() One of the main jobs of a robo-advisor is to direct your savings into a diversified portfolio of securities to help you reach your financial goals.
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