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In The Battle For Low-Fee Financial Advice, DIY Beats The Robos

TedTed
in Fund Discussions
FYI: Robo advisors are undoubtedly responsible for some of the most important changes in the financial industry over the last few years. More transparency, lower fees and at least part of the rise in passive investing can be traced to them.

But now there’s a bigger question. Are robos becoming the more expensive option?
Regards,
Ted
https://www.bloomberg.com/news/articles/2017-10-26/in-the-battle-for-low-fee-financial-advice-diy-beats-the-robos

Comments

  • JoJo26
    Always has been expensive. Robos aren't doing anything complicated at all and charging 35 bps... Even the least sophisticated investors can, with little effort, construct a "set it and forget" portfolio for free (absent fund expenses).
  • hawleyl
    @JoJo26 Yes, just google "Lazy Portfolio".
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