Robo-Advisors: Advantages of Automated Investing

An automated investment manager, or “robo-advisor,” is a wealth management tool that utilizes software to develop and execute investment strategy. Based on algorithms and mathematical presets, it was popularized in 2010 with the advent of the company Betterment and has since grown to around 500 billion in assets under management worldwide. So what makes this type of investing so popular, and what are some…