After going through the benefits of a robo advisor, you may be thinking it is a no brainer. However, there are some major flaws with robo advisors you need to be aware of.
There is a ton of academic research on this topic. Unfortunately, most of that research gets blown up in the real world. However, people still use it to make real world decisions.
Robo advisors are still telling young people to put 90% in stocks because they have a long investment time horizon. This is why FitBUX launched their hybrid robot advisor service.
Robo advisors are a black box. That means you have no idea about how they are managed but more importantly you have no one to speak to. That is why you can speak to a FitBUX Coach.
Robo Advisors are more efficient than a financial advisor especially if you are just getting started. Many financial advisors take your money then put it into a robo advisor for a fee.
FitBUX recently launched our hybrid robo advisor just for you. We’ve helped young professionals manage $2.2 billion in assets and debt and we look forward to helping you.