Who Should hire a Robo-Advisor?

[Milan]

 

[Sam]

Hi Milan,

Many individuals with specific individual financial plans do not see the need for hiring a Robo-Advisor.  Financial investment advice is fundamental to various individuals. Financial information helps you make sound decisions on which investments to make or avoid. There are four kinds of individuals who can benefit from hiring a Robo-Advisor. If you fall under the following categories, you should seek the services of an automated financial advisor.
Beginners
Beginners refer to novel entrepreneurs or individuals that are starting their investment journey. Such individuals lack the exposure or experience required to make an informed financial decision. Some beginners also lack the services of any financial adviser. A Robo-Advisor would help you learn how to manage your investments. Additionally, the Robo-Advisor will also help you learn about financial investments as your investments grow. 
Investors who do not Want the Services of a Financial Advisor
Some individuals see that they do not require the services of a financial advisor. Other investors lack the funds to hire a professional financial advisor, but they need the help of an advisor. Robo-Advisors help you get quality advice with=out having to spend. Additionally, Robo-Advisors give their clients the monopoly that they desire in their investments. You can easily make your decisions without having to rely on a financial advisor.
Investors with Simple Strategies
Some investors with simple investments often find that they do not require a lot of input from professionals. Robo-Advisors make it easy to handle simple investments. You do not have to struggle with the simple strategy. Additionally, the Robo-Advisor helps manage the simple strategies because of the objectives that you feed the algorithm. Consequently, you find it easy to manage simple investments.
Professionals
Many professionals often seek the services of qualified individuals to manage their investments. As a professional, you feel overwhelmed with other duties that make it hard for you to have the time to make investment decisions. An automated decision maker performs the cumbersome activity while you continue with your daily activities. You do not have to worry about the financial decisions since the Robo-Advisor can automatically make the tough decisions. Additionally, you find it easy to monitor your assets and investments.
Overall, there are for categories of individuals that should hire the services of a Robo-Advisor. The four types include beginners, investors who do not want a financial advisor, investors with simple investments, and professionals. You should hire a Robo-Advisor depending on where you fall among the four categories of individuals.