To begin, a Robo advisor is a method of directing the asset allocation of investments by running it through a computer algorithm. In a wider sense, there are chances that a Robo advisor may also include human financial advisors but it would only be limited to the services that require human assistance such as taxes, retirement, or estate planning. Choosing the correct Robo advisor depends on many factors such as the investor’s current portfolio, the investment goals, access to a financial advisor, and retirement plans. Considering all features and facts, here is the list of Top Robo Advisors 2021:

  1. BeniGro: BeniGro ranks first in portfolio management, the reason being the firm’s advanced technology that effectively manages risk and tax liability of its clients. They have an efficient and excellent team of financial advisors and wealth managers that provide the best guidance and money management to all of its clients and partners.
  2. Wealthfront: Wealthfront started functioning as a mutual fund analysis company back in 2008. The company gets counted among the top choice for Robo-advisors as it offers full package activities of goal-setting, planning, banking, and investing over a very elegant, user-friendly platform.
  3. Betterment: The organization pioneered in the Robo advisor industry and is counted among the leading companies. It is preferred by beginners as the platform is quite intuitive, user-friendly, and a complete package of educational resources. It stays among the top choice for cash management as it offers tax-loss harvesting for all accounts, independent of size, and a wide range of checking and savings account options.

Choosing a Financial Advisors in Massachusetts can be a complicated task because there are certain factors that must be considered when firms are being compared. Nowadays, online financial advisors are also available that provide a great combination of Robo advice along with access to a human advisor. Many Robo platforms do offer access to humans but may ask to invest more or ask for a higher fee for this additional level of guidance. As the Robo-advisor phenomenon has swept the investment world, it’s also been creating a number of very specific investment niches. One of which is socially responsible investing, or SRI.

Robo-advisors provide investors with an opportunity to invest in a portfolio of either funds or individual stocks that usually meet SRI requirements. In fact, it’s possible to have a completely balanced portfolio along with a Robo-advisor that offers options of SRI investment. The need for Socially Responsible Robo Advisor has risen. Robo-advisors enable even the smallest investors to participate in SRI. With just a few dollars, an account can be opened, along with full portfolio management. With a fee that falls under one percent per year, SRI gets in reach of investors of all levels.