Noun
robo-advisor (plural robo-advisors)
(finance, neologism) An automated investment manager.
Per Stirling would be the first to tell you that you might be better off with a robo-advisor and simple investing instead of becoming a client if you don’t meet the portfolio minimum of $250,000. Source: Internet
However, if you already have a and would rather not pay an active manager for it, you can use this robo-advisor as a less expensive, hands-off option for your IRA. Source: Internet
TD Ameritrade Essential Portfolios is meant to give you a simple and affordable robo-advisor option. Source: Internet
By creating a robo-advisor service with access to live advisors, SoFi Wealth Management values smart investing at an affordable rate. Source: Internet
It’s entirely up to you which robo-advisor you end up working with. Source: Internet
You might be familiar with the term “robo-advisor,” too. Source: Internet