West Loop Financial LLCAll Fiduciaries Aren’t Created Equal – West Loop Financial LLC https://www.westloopfinancial.com Evolutionize Site Wed, 19 Aug 2020 20:50:49 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.22 All Fiduciaries Aren’t Created Equal https://www.westloopfinancial.com/2016/06/20/all-fiduciaries-arent-created-equal/ https://www.westloopfinancial.com/2016/06/20/all-fiduciaries-arent-created-equal/#respond Mon, 20 Jun 2016 09:00:39 +0000 http://evolvemypractice.com/?p=2875 Robo-advisors have had a significant — and generally positive — impact on the financial services industry. The term typically refers to services that use models and algorithms to invest client portfolios, often in exchange-traded funds (ETFs). A benefit much touted by some of these services is that there’s no interaction with a human advisor. The...

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]]> Robo-advisors have had a significant — and generally positive — impact on the financial services industry. The term typically refers to services that use models and algorithms to invest client portfolios, often in exchange-traded funds (ETFs). A benefit much touted by some of these services is that there’s no interaction with a human advisor. The entire process is done online. Betterment and Wealthfront are the leading robo-advisors that fit into this category.

Lower fees

Because these robo-advisors are automated, they have significantly lower expenses than traditional investment advisors. Here’s Betterment’s fee schedule, which it offers through a wrap fee program:

Read the rest of the article at The Huffington Post.

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