What is a robo-advisor?

A robo-advisor is an automated investment platform that builds and manages a diversified portfolio of ETFs based on your goals, time horizon, and risk tolerance. Popular options include Betterment, Wealthfront, Fidelity Go, and Schwab Intelligent Portfolios. Robo-advisors charge low fees (0–0.25%/year) and handle rebalancing and tax-loss harvesting automatically. They are ideal for hands-off investors who want diversified investing without making decisions.