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 2023 to choose a quality option that meets your needs.
8 Best Robo-Advisors of 2023 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 2023
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
$100
Beginners
Very easy SEE DETAILS
Charles Schwab Intelligent
