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CNBC dissects the considerations in choosing a robo provider from access to a human financial adviser, potential for investment vehicle conflicts, and underlying fees in the evolving robo advice market (projected to hit $7tn by 2025).
"The advisor can serve as an emotional circuit breaker to help coach you through a period where you're feeling a little bit stressed," Kolimago said. Wealthfront, another online platform, does not work with human financial advisors saying that its clients, who are mostly in their 30s and 40s, do not want to talk to someone. The company's offerings eliminate the advisor as the middleman, and instead let the investor build plans based on their goals — and how they are related to each other — on their own.
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