Robo Advisors: Investor Friend or Foe?

If I’m going to talk about robo advisors, I need to start by clearing something up. These firms do not employ robots. They do not use advanced artificial intelligence or machine learning to build your portfolio or give you advice. Robo advisors are simply pared down wealth management firms that allow you to easily open an investment account and choose an appropriate portfolio online without speaking to a human.

I’m Ben Felix, Associate Portfolio Manager at PWL Capital. In this episode of Common Sense Investing, I’m going to tell you about robo advisors.

DISCLAIMER: I am in no way affiliated with Wealthsimple and I am producing this information independently.

#roboadvisors #wealthsimple #ai

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