Top 10 Automated Investment Services

Do you want to learn about the automated investment? How can these top automated investment services help you to make investment fun, inexpensive and easy? Find out now!

✔ Last updated: 2020-08-10

These top automated investment services promise to make investing fun, easy and inexpensive. They are also called robo advisors, and these companies can take the uncertainty out of investing by creating a portfolio, rebalancing and investing in ETFs. Learn more about these services in this article!

Rank

Service Provider

Features

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★★★★★
100+ Ratings

Manage and organize your portfolio for different goals at once and get access to human financial guideance when your account balace reaches $100,000

✔ Management Fee: 0.15%-0.35%
✔ Minimum Account Balance: $0

★★★★★
100+ Ratings

This app will let you manage your investment in trust accounts, IRAs, individual accounts and 529 college savings plans.

✔ Management Fee: 0%-0.25%
✔ Minimum Account Balance: $500

★★★★★
100+ Ratings

View a wide range of different investion options through actively-managed and automated funds. Get help from a financial advisor online.

✔ Management Fee: 0.3%
✔ Minimum Account Balance: $50,000

★★★★
100+ Ratings

Invest in ETFs and stocks through automated investment services. They also offer tax-loss harvesting & regular rebalancing.

✔ Management Fee: 0.59%-0.89%
✔ Minimum Account Balance: $25,000

★★★★
100+ Ratings

Choose among investment vehicles including retirement, IRAs, trustaccounts or rollover accounts.

✔ Management Fee: 0.0
✔ Minimum Account Balance: $5,000

★★★★
100+ Ratings

Great automated investment servicces with accessible human customer support.

✔ Management Fee: 0.5%
✔ Minimum Account Balance: $10,000

★★★★
100+ Ratings

Create and manage balanced, smart and tax-efficient portfolio that uses automated rebalancing, reinvesting and tax-loss harvesting.

✔ Management Fee: 0%-0.25%
✔ Minimum Account Balance: $2,000

★★★
100+ Ratings

Spred your investment accross different portfolios and get financial advice for a low fee.

✔ Management Fee: None
✔ Minimum Account Balance: $1

★★★
100+ Ratings

Make a balanced investment portfolio by using this automated investment service application.

✔ Management Fee: 0.37%
✔ Minimum Account Balance: $5,000

★★★
100+ Ratings

Get ready to maximize and prepare your retirement funds by using robo-advisor with human financial advisor for accounts over $100,000

✔ Management Fee: 0.5%
✔ Minimum Account Balance: $100,000

Automated Investing vs. Traditional Investment Advising

You can choose between the two primary methods that you can use to invest your money and they both have their own advantages. The first and the old way is through a traditional investment advisor, also known as financial advisor. This person will make all your investment decisions for you. They will pick the stocks that they think will outperform other stocks, mutual funds and index funds that he or she likes, and if they are on the ball, they will also rebalance your portfolio and they will make sure that that you are not too exposed in one sector or underexposed in another sector.

These traditional advisors make their money by charging all of their clients with a small percentage of their entire investment per year as a fee for their investment-picking expertise. Most of these advisors will charge you 1% with less than a million dollars invested.

The second method you might want to consider is called automated investing. This process might sound totally devoid of input from people, but automated investing involves a great deal of human thought and input on the front end. Unlike a traditional advisor, these automated or robo advisors will often pick a low-cost index ETFs that directly mirrors the ups and downs of the market, rather than managed funds. Robo advisors will charge a fraction of management fees than the financial planners around the world.

What are the Advantages of Automated Investment Services?

One of the many advantages of these automated investment services is that they handle every aspect of investing virtually. Once the money is transferred to a new account and a stock allocation or bond location has been chosen, the service will be the one that takes care of everything from dividend reinvestment to portfolio rebalancing to tax loss harvesting. These type of services do not offer a lot of flexibility. The ETFs and asset allocation are determined by the advisor. But what they lack in flexibility, they make up with the ease of using their services.

Are There Automated Investment Services that Work With Existing Brokerage Accounts?

Yes, there are numbers of automated advisors that do not require the investors to transfer their funds out of existing accounts. But instead, the advisor will manage the asset allocation, rebalancing and dividend reinvestment from your existing account. Automated investment services can also offer asset allocation advice for investors that prefer to invest independently in their own accounts.