Robo-advisors
A)Online investment services that require customers to have a large portfolio in order to use this service.
B)Are online investment services that at this time are more expensive than human advisors.
C)Are human financial advisors that help customers online.
D)Complete online investment services that use algorithms to complete the tasks.
E)Allow human financial advisors to be more cost effective with customers that have smaller accounts.

Question

Quizplus · Accepted Answer

Robo-advisors are complete online investment services that use algorithms to complete tasks such as portfolio rebalancing and tax-loss harvesting. This makes them more cost-effective than human financial advisors, as they can operate with lower fees and minimum balance requirements.

Robo-Advisors