Many robo-advisers are designed to make it easier for investors to get started
"Robo-adviser" is just a nickname, and one these companies tend not to use for themselves. The "robo" comes from the fact that the platforms are designed to fill the role of a — but in a digital medium and with decisions being made by those algorithms rather than by individual people.
If you had money to invest in the past, you likely needed an investment manager to do it for you. Hiring a professional isn't a bad idea; it can be a great way to feel confident that you're making the right moves and sticking to a sound strategy to grow wealth over time.
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