Normally, robo-advisor gathers information from clients about their
financial situation and future goals through an online survey and then uses the
data to give advice and automatically invest client assets.
Below are 3 Legit and Best Robo-Advisor Apps for making investment
1. Betterment
Betterment is also an amazing investment website. It is considered as one of the best investment website and financial advisor.
There is no minimum requirement for deposit. Betterment has great tools to help users save, create retirement plans and cut down taxes.
How does Betterment work?
It is an automated investing platform, that allow even a lazy person like me to start trading or investing automatically.
You don’t need to do any work. Just add funds to your account and answer questions about the types of investments you want, and Betterment will do the rest for you.
Betterment invests in both Stocks, IRAs and Bond ETFs to create your portfolio
How much does Betterment charge?
Betterment charges 0.25% yearly as management fees depending on how much you’ve invested. This is pretty low as compared to other automated financial advisor.
If you invest $15,000 or more, you will not pay management fees for one month, $100,000 or more attracts no management fees for 6 months and anything over $250,000 will not attract management fees for one year.
2. TD Ameritrade
TD Ameritrade is a very popular brokerage firm which has more options for investment. It allows you to invest in mutual funds or use the high-tech investing platform for more trades.
TD Ameritrade has no minimum balance requirement. It also gives detailed free research to help you make well informed decisions.
With TD Ameritrade, you can invest in Stocks, ETFs, IRAs, Mutual Funds, Bonds, Forex and International Stock Exchange.
How much does TD Ameritrade charge?
TD Ameritrade offers straight-forward pricing, starting at $9.99 per online stock.
3. Ally Invest
Ally Invest charges as low as $4.95 as commission and offers a lot of value for that low price. Ally Invest has no minimum account balance. This looks very good to traders who are active and engage in options trading.
With Ally Invest, you can invest in Stocks and Options, ETFs, IRAs, Mutual Funds, Bonds, Forex and International Stock Exchange.
Ally Invest put aside a “cash buffer” which is about 30%of your investment, so if the value of your investment fall, you have cash in the account that is safe from market price changes.
It also has a mobile app and easy-to-use platform for beginners.
How much does Ally Invest charge?
Ally Invest does not charge an advisory fee.
Big Acquisition by Ally Invest
TradeKing, another best investment company has been purchased by Ally Invest. Now, TradeKing is owned by Ally Invest, therefore all accounts of TradeKing customers are moved to Ally.
Truly, the above 3 Robo-Advisor apps will help you to make a good investment even if you are a beginner or you don't feel like doing investment on your own.
Please ! If you have something bothering you, feel free and ask it in the comment section.
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