How much do Robo-advisors usually cost?

Asked 5 years ago

Hi, who here has experience with robo-advisors? I've been told that they automate your trading and give good returns. Are they expensive? Do you know where I can find a fee comparison? Thx.

Robo-advisors Cost of trading service Robo-advisor comparison

Andia Rispah Igobwa

Friday, August 13, 2021

Although the fees will vary, most robo-advisor services range in price from 0.01% to 0.30%. 
In any case, all these companies provide financial advice without charging any commissions, and most offer some kind of "skin in the game" such as initial investments. 
Besides comparing fees among different robo advisors, it is important to see how satisfied others are with their service and what kind of stocks or funds they invest in for your money.
The smaller the holdings company is, the more likely it will be able to beat Wall Street.