A human advisor will help manager your investment portfolio for as low as 0.3% of all your assets under management. Most other wealth management firms will have fees above 1% anytime a human advisor is being used. Other brokers, called robo-advisors, offer a combination of access to financial planners and automated investing technology. Companies in this category include Betterment and Wealthfront, and they build your investment portfolio for you for a fee.
Decide how much to invest
When you’re a beginner investor, the right broker can be so much more than simply a platform for placing trades. It can help you build a solid investing foundation — functioning as a teacher, advisor and investment analyst — and serve as a lifelong portfolio co-pilot as your skills and strategy mature. Investment strategies range from conservative plans to highly aggressive ones.
Robo-advisors promise to bridge the gap between DIY discount brokers and …