How do I set up a robo-advisor for my investments?
An example of an AI chatbot conversation about setting up a robo-advisor for investments.
How do I set up a robo-advisor for my investments?
Setting up a robo-advisor is quite simple! First, you'll need to choose a platform. Do you have any specific ones in mind?
I've heard about Betterment and Wealthfront. Which one is better?
Both are great options! Betterment offers personalized financial advice, while Wealthfront focuses on tax-loss harvesting. It depends on your needs!
What information do I need to provide to get started?
You'll typically need to provide your financial goals, risk tolerance, and some personal information like income and investment preferences.
How much do they charge in fees?
Most robo-advisors charge a management fee, usually around 0.25% to 0.50% of your assets annually. It's best to check the specific platform for details.
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