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What Is a Robo Advisor?

By Kristi WaterworthUpdated Jul 3, 2025 at 11:47 PM

Key Points

  • Robo-advisors automate investing tasks at lower cost, starting from $500, simplifying entry for new investors.
  • They provide 24/7 service, managing ETFs and index funds, optimizing portfolio balance efficiently.
  • Robo-advisors perform tax-loss harvesting, saving money on taxes, a task cumbersome for human advisors.

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