Should I Use a Robo-Advisor?

Robo advisors, introduced in 2008, have become popular for managing investments with algorithms. They offer low fees and automate tasks like rebalancing and tax loss harvesting. While they provide a cost-effective entry into investing, they lack the personal touch and control of human advisors. Robo advisors are best for basic investment needs, but those with complex financial situations may require human advisors. As technology evolves, it's important to stay informed about new services and advancements in AI.

How do robo advisors make investment decisions based on user information?

What are some potential downsides of using robo advisors?

How can individuals ensure that a robo advisor aligns with their personal values?