Investing: The best robo advisers for millennials
By Nellie Huang
Robo advisers (a term the industry detests) use technology to generate investment advice and manage your portfolio. You answer a few easy online multiple-choice or fill-in-the-blank questions that touch on your risk tolerance and time horizon. In seconds, a program analyzes your answers, applies modern investing theories about diversification that include gauging thousands of possible risk-reward outcomes, and — presto! — out comes a portfolio designed for you.