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Yahoo! Finance

Would you trust a robot to manage your money?

By Michael Santoli

Would you trust a robot to manage your money?

More and more investors are turning to so-called “robo-advisors,” or automated investment services, which use proprietary software programs to determine how investors should best allocate their investments. Using an online questionnaire, investors share information online such as their age, risk tolerance, and investment goals, and receive an investment plan tailored to their needs.

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This article originally published May 20th, 2015 on Yahoo! Finance.