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Robo-advisors are growing increasingly popular, especially with Millennial and Gen Z investors, as an alternative to traditional portfolio management. But not all robo-advisors are created equal.
Robo-advisor—an automated investment platform that uses computer algorithms to invest your money for you—is certainly a hot buzzword in today’s economic landscape (perhaps second to only cryptocurrency). Don’t be lured in by the charm of the first robo- advisor you find.
If you’re ready to jump on the bandwagon, review our list of the best robo-advisors of 2022 to choose a quality option that meets your needs.
8 Best Robo-Advisors of 2022
- Wealthfront: Best Overall Robo-Advisor
- Betterment: Best for Mobile Investing
- SoFi Automated Investing: Best for Fee-Free Investing
- Vanguard Digital Advisor: Best for Retirement Planning
- Ally Invest: Best for Beginners
- Charles Schwab Intelligent Portfolios: Best for Low Fees with High Funds
- M1 Finance: Best for Experienced Investors
- Acorns: Best for Micro-Investing
8 Best Robo-Advisors of 2022
| Advisor | Account Minimum | Best for | Ease of Use | ||
|---|---|---|---|---|---|
|
Wealthfront |
$500 |
Best overall |
Very easy |
SEE DETAILS | |
|
Betterment |
$10 |
Mobile investing |
Very easy |
SEE DETAILS | |
|
SoFi Automated Investing |
$0 |
Fee-free investing |
Very easy |
SEE DETAILS | |
|
Vanguard Digital Advisor |
$3,000 |
Retirement planning |
Moderate |
SEE DETAILS | |
|
Ally Invest |
$10 |
Beginners |
Very easy |
SEE DETAILS | |
|
Charles Schwab Intelligent Portfolios |
$5,000 |
Large accounts, low fees |
Easy |
SEE DETAILS | |
|
M1 Finance |
$100 |
Experienced… |
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