3 Reasons Millennials Should Consider a Robo-Advisor
By Zina Kumok
Robo-advisors have low minimum investments. Traditional financial advisors provide customized, personal advice – but at a cost. Many will only take on clients with a net worth of $250,000 or more, which excludes most millennials just starting their careers.
Robo-advisors, on the other hand, require low minimum balances to invest. Some, like online investment advisor Betterment, have no minimum balance requirement and tailor their services to beginning investors, and some lower their fees as investments grow.