Robo investors are one of the most exciting financial tools to come out in recent years. Also known as robo advisors, these platforms are essentially automated investing tools that curate and manage your portfolio based on your personal settings and goals. Simply provide the funds for the account, enter your settings, and the platform will take care of the rest. You can start investing in a matter of minutes, often with low fees and low minimums.
Learn more about the benefits of robo investing and the features of Guided Wealth Portfolios (GWP) below—and sign up today to get started.
At Good Life Financial Advisors, we are proud to offer our clients access to Guided Wealth Portfolios (GWP), an exciting digital advice platform. GWP can be used in combination with support from our team, which isn’t typically offered with other platforms. In this way, you can benefit from a combination of technology and personalized financial service.
Input your goals, and the platform will automatically create a portfolio designed to help you achieve them.
Leveraging carefully defined algorithms, the platform makes it easy to track and monitor your portfolio while maintaining a risk level based on your preferences.
Because the system is automated, Robo investing can be more affordable than traditional human advising.
You can start building your portfolio with a low minimum investment, making this a great option for new investors or others with lower budgets.
Most platforms build portfolios with low-cost exchange-traded funds (ETFs). These types of funds have a number of tax benefits, and there can be other tax advantages of these systems as well.
You can gain access to your portfolio and make changes any time you’d like, wherever you have internet access.
Learn more about robo investing with Good Life Financial Advisors in Mount Pleasant, SC
How does it work?
Automated investing platforms use an algorithm to build your portfolio. The most common method used is Modern Portfolio Theory (MPT). This is a financial framework that is used to assemble a portfolio in an effort to optimize expected return for a given level of risk. Once you enter your goals and risk preferences, your robo investing platform will assemble your portfolio, track and manage your assets, rebalance your portfolio periodically, and handle all day-to-day management tasks.
Is robo investing right for you?
Depending on your financial goals, situation, and budget, a robo advisor could be right for you. Here are some things to consider:
For more details, contact our knowledgeable advisors today.