How much will I pay to use a robo-advisor?

Fees depend on the company or provider. For example, some companies charge a management fee — usually a percentage of your assets — as well as annual fees for mutual, index and exchange-traded funds.

What kind of accounts can a robo-advisor manage?

An automated advisor can manage simple financial accounts that include: 401(k)s, IRAs and other accounts Nonretirement accounts Index funds Mutual funds Exchange-traded funds

Are financial advisors better than robo-advisors?

If you have a six-figure portfolio or if you need a more complex financial plan for your retirement, children's education or even tax and debt management, financial advisors are the better choice.

Home Authors Jennifer Gimbel

Jennifer Gimbel

Managing editor

Jennifer Gimbel is senior managing editor at Policygenius and a former editor at Finder, specializing in personal finance. Jenn's expertise and analysis has been featured on MediaFeed and other outlets. She holds a BS in arts administration from Wagner College, with minors in economics and journalism.

Expertise

Personal finance literacy
Editor and writer mentorship
Fact-checking for accuracy
Editing content for biases
SEO and EAT best practices

Experience

Edited hundreds of articles on loans, insurance, credit cards, debt consolidation and more
Launched Finder’s Editorial Review Board of industry experts
Earned over 31,000 views on her Finder YouTube video features
Spearheaded debt-payoff series featuring inspiring stories of Americans who’ve paid off massive amounts of debt
Manages branded content to ensure our writing remains editorially independent and always advocates for our readers