Investopedia's Best Robo-Advisors 2023
Robo-advisors, or digital investment managers, are a great tool for those investors who want automated investing services.Robo-advisors provide more accessible investing and money management options at a fraction of the cost.
Investopedia’s editorial team reviewed dozens of digital investing platforms using its comprehensive rating methodology to determine consumers’ best robo-advisor options across metrics including product offerings, cost, ease-of-use, education, and customer support.
Winners
- Best Overall: Wealthfront
- Best for Goal Planning: Wealthfront
- Best For Portfolio Construction: Wealthfront
- Best For Portfolio Management: Wealthfront
- Best for Socially Responsible Investing: M1 Finance
- Best for Sophisticated Investors: M1 Finance
- Best for Low Costs: M1 Finance
- Best for Beginners: Betterment
- Best for Cash Management: Betterment
- Best for Education: Merrill Guided Investing
- Best Mobile App: E*TRADE Core Portfolios
Best Robo-Advisors of 2024
Wealthfront Review 2024
By
Barbara A. Friedberg
Updated Nov 03, 2023
Betterment Review 2023
By
David Rodeck
Updated Nov 03, 2023
E*TRADE Core Portfolios Review 2023
By
Andrew Grossman
Updated Sep 29, 2023
How We Review Robo-Advisors
By
Michael Sacchitello
Updated Sep 06, 2023