Robo-advice is a relatively new development in financial advice. You might have seen online adverts; they pop up now and again (usually on certain social media sites) often offering a cheap and easy way to build an investment portfolio and meet your financial goals. The attraction is a fast, cheap advice process that can be completed from the comfort of your own home. In the past robo-advice has been billed as the future of financial advice, and a threat to the traditional advice process.
The chances are (if you’re reading this) that you’re already considering using a financial advisor. You might have already turned to the internet to tell you why a financial advisor could be beneficial to your finances – to be honest, that’s what I did when I was looking for ideas for this blog. And the internet provided the evidence i.e, many articles written over the years that contain the same ideas: financial advisors are highly qualified, they know the rules and regulations and they’ll do the research on your behalf thus saving you time while improving your financial situation.