Robo services are online platforms that use computer algorithms to provide financial advice and investment management services to clients. These platforms typically offer a range of services, from simple investment advice to full-fledged portfolio management.
Robo services use sophisticated algorithms to analyze data and make investment decisions based on a clients risk tolerance, investment goals, and other factors. They typically charge lower fees than traditional financial advisors, making them an attractive option for investors who want to save money on fees and have a hands-off approach to managing their investments.