Fees for robo-advisors are lower than humans ^85%

Truth rate: 85%

Pros

Fees for robo-advisors range from 0.10% to 0.50% ^{81% (+100)}

Robo-advisors have no management fees ^{66% (+60)}

Fees for robo-advisors range from 0.10% to 0.50% ^81%

Impact:

+100

These fees represent a small percentage of an investor's portfolio, indicating a relatively low cost for using automated investment management services. The wide range suggests varying levels of service and complexity offered by different providers, with the lowest fee options likely suitable for basic investment needs. In comparison to human financial advisors, who may charge higher percentages or even flat fees, robo-advisors offer a potentially more affordable option for many investors. The low fees can help keep costs down, allowing clients to retain more of their investment returns over time. This fee structure contributes to the overall appeal and accessibility of robo-advisory services in today's financial landscape.

Robo-advisors have no management fees ^66%

Impact:

+60

Most robo-advisors charge clients a small percentage of their investment portfolio as a management fee, which is significantly lower than the fees charged by human financial advisors. This fee structure makes investing through robo-advisors more affordable for many people. The low management fees are one of the main advantages of using robo-advisors compared to traditional human advisors. Robo-advisors have no other hidden costs or expenses, making them a transparent and cost-effective option for investors. Overall, the lack of management fees makes robo-advisors an attractive choice for those looking to invest without breaking the bank.

Cons