Computer-Based Financial Planning: How it Works
By Dan Moskowitz
Computer-based financial planning is on the rise, but for two very different reasons. The first and most obvious is that many investors are turning to a do-it-yourself approach thanks to lower fees, tax-loss harvesting, portfolio rebalancing, diversification and low net worth requirements. These investors are taking advantage of Betterment, Wealthfront, Personal Capital, FutureAdvisor and SigFig Wealth Management, among others.