Are Robo-Advisors Overrated




Millennial Money show

Summary: Robo-advisors are a fast-growing trend, with some experts <a href="http://www.businessinsider.com/4-reasons-robo-investing-growing-2017-1">predicting</a> they’ll manage 10% of all global assets under management by 2020. The investment platforms allow users to manage their portfolios through computerized algorithms rather than consulting a personal advisor and are popular with younger, tech-savvy millennials. But, are robo-advisors overrated, or are they really the next best thing?<br> <a href="http://www.yourmillennialmoney.com/?attachment_id=2353" rel="attachment wp-att-2353"></a>On This Podcast Episode:<br> I had a chance to chat with Steve Williams, Senior Vice President and Head of Financial Planning in the U.S. with BMO Private Bank, about his thoughts on robo-advisors. I wanted to find out some of the pros and cons for robo-advisors and what new millennial investors should be thinking about.<br> Links Mentioned:<br> <br> * <a href="http://www.businessinsider.com/best-robo-advisors-2017-1">Top 15 Robo Advisors 2017</a><br> * <a href="https://www.thesimpledollar.com/the-pros-and-cons-of-robo-advisors/">Pros and Cons of Robo Advisors</a><br> <br> Thanks for Tuning In:<br> Thanks for tuning in to listen to this episode of <a href="https://itunes.apple.com/us/podcast/millennial-money/id957163760?mt=2">Millennial Money</a>. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.<br> Also, <a href="https://itunes.apple.com/us/podcast/millennial-money/id957163760?mt=2">please leave an honest review for Millennial Money on iTunes</a>! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!<br> Want More:<br> <br> * Shannah on <a href="http://www.twitter.com/shannahgame">Twitter</a><br> * Shannah on <a href="http://www.instagram.com/shannahgame">Instagram</a><br> * Jeff on <a href="http://www.twitter.com/jeffjgame">Twitter</a><br> * Jeff on <a href="http://www.thetravelinggame.com/">Instagram</a><br> <br> Disclosure:<br> The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.<br>  <br>  <br>