澳洲幸运5官方开奖结果体彩网

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Best Robo-Advisors for June 2025

A robo-advisor is an automated investment service that applies algorithmic investing strategies to an investor's portfolio. This automated approach takes the emotion out of investing. That prevents investors from committing self-inflicted errors such as overreacting during periods of high volatility in the market, like we are experiencing in 2025. The best robo-advisors make it easy to set up an investment plan, provide robust rebalancing and tax-loss harvesting features, offer a wide range of pre-built portfolios, and more to help investors reach their long-term goals.

After careful analysis, Investopedia’s in-house research and editorial staff determined that Wealthfront is the best👍 overall robo-advisor thanks to key features that include stock investing, low-interest rate borrowing, and dynamic tax-loss harvesting. Investopedia researched 20 digit📖al wealth management platforms and evaluated them on 59 criteria, including cost, account services, and goal-planning tools.

This report highlights the best robo-advisors. It aims to help yo✅u decide which one is the right fit for you and your investing appr﷽oach.

Best Robo-Advisors for June 2025

Best Overall, Best for Goal Planning, Best for Portfolio Construction, Best for Portfolio Management : Wealthfront

Investopedia's Rating
4.9

Wealthfront

Wealthfront

  • Account Minimum: $500
  • Fees: 0.25% for most accounts; no trading commission or fees for withdrawals, minimums, or transfers
Why We Chose It

Best Overall

澳洲幸运5官方开奖结果体彩网:Wealthfront is the best overall robo-advisor. It offers investment and money management products that meet the needs of any type of investor. The platform has low fees and a low required minimum investment of $500. It offers individual stock investing, high-yield cash, digital financial planning, automated tax-loss harvesting, and lending capabilities. 

Best for Portfolio Management

Wealthfront makes it easy for investors to manage their portfolios, enabling them to link multiple investment accounts for an overview and analysis of their finances. The platform also offers a digital financial planner, known as Path, which can answer up to 10,000 questions and offer personalized recommendations for an account owner’s portfolio.

Best for Goal Planning

The platform’s digital financial planner, Path, can help investors plan for the future, answering questions like, “Can I live my current lifestyle in retirement?” and, “How much should I be saving today?” The tool can help investors set 澳洲幸运5官方开奖结果体彩网:financial goals and offer guidance on achieving them, from retirement and homeownership t𒀰o college planning.

Best for Portfolio Construction

Wealthfront portfolios cover 17 global asset classes—including stocks, bonds, and inflation assets—offering some of the best-constructed portfolios from a robo-advisor. They’re constructed based on investment management research, including 澳洲幸运5官方开奖结果体彩网:modern portfolio theory (MPT), created by 澳洲幸运5官方开奖结果体彩网:Harry Markowitz

Pros & Cons
Pros
  • Co꧟re and ESG portfolios with many customization options

  • Wide range of account types, including 澳洲幸运5官方开奖结果体彩网:529 plans for college savings

  • Dꦫirect indexing with individual stocks for accounts over $100,000

  • Low-fee S&P 500 Direct💃 indexing with a minimum of 🔯$20,000

  • Best-in-class Path digital financial planner

Cons
  • No access to a human financial advisor

  • No online chat option

  • Phone access isn’t straightforward

Overview

Wealthfront was founded in 2008 by tech entrepreneurs Dan Carroll and Andy Rachleff and has since become one of the most innovative robo-advisor platforms, serving over 700,000 customers. The company has grown to include hundreds of 澳洲幸运5官方开奖结果体彩网:exchange-traded funds (ETFs) and an automated bond portfolio, beyond the Core and ESG robo-advisory portfolios. It gives investors access to automated investment portfolios spanning 17 global asset classes tailored to their unique goals, time horizons, and 澳洲幸运5官方开奖结果体彩网:risk tolerance. Investors can view other port♐folio options with greater or lesser risk levels, and then rebalance their portfolios with an asset mix that meets their needs. 

New & Notable

On Dec. 17, 2024, Wealthfront announced the addition of its new S&P 500 Direct portfolio to its lineup. With a $20,000 minimum and a management fee of 0.09%, this new product combines the performꦦance of the S&P 500 with the added tax benefits of automated tax-loss harvesting for the same price 𝐆as the most popular ETF that tracks the S&P 500.

Best for Beginners, Best for Cash Management, Best for Tax-Loss Harvesting : Betterment

Investopedia's Rating
4.7

Betterment logo
  • Account Minimum: $0, $10 minimum to start investing, $50 minimum for rebalancing
  • Fees:  0.25% (annual) for investing plan accounts with at least $20,000 or at least $250 per month in recurring account deposits. Otherwise, the fee is $4/month. 0.65% (annual) fee on accounts with at least $100,000 in assets for Betterment Premium account holders with unlimited access to certified financial planners. There are no management fees for Betterment Checking or Cash Reserve. There are additional fee discounts for accounts above $1 million.

Paid non-client of Betterment. Views may not be representative, see more reviews at the and . about this relationship.

Why We Chose It

Best for Beginners 

澳洲幸运5官方开奖结果体彩网:Betterment allows individuals to start investing with just $10, enabling first-time investors to easily create goals and access a range of portfolio choices. 

Best for Cash Management

Betterment stands out from competitors because of its automatic sweep functionality, access to a high-yield cash reserve and checking account through partner banks, and reimbursement for ATM fees. Betterment's cash reserve account has no minimum balance requirement and you can easily automate your saving and investing with the account tools. 

Best for Tax-Loss Harvesting

Betterment seeks optimal after-tax returns by integrating client transactions, asset rebalancing, and 澳洲幸运5官方开奖结果体彩网:tax-loss harvesting. The platform also maintains a list of comparable funds for each asset class to help investors diversify their portfolios and avoid the 澳洲幸运5官方开奖结果体彩网:wash sale rule. 

Pros & Cons
Pros
  • Easy setup and goal tracking

  • Multiple portfolio choices, including 🐬smart beta, three socially responsible investingಞ (SRI) options, target income, crypto, and more.

  • $0 account minimum and $10 to begin investing

  • Low-fee financ⛎ial advice packages for diꩲgital customers

Cons
  • No borrowing on a portfolio line of credit

  • Premium plan requires $100,000

  • No REIT exposure

Overview

Founded in 2008 by Eli Broverman and Jon Stein, Betterment now serves more than 900,000 customers, making it one of the largest standalone 澳洲幸运5官方开奖结果体彩网:robo-advisors. The platform has users answer a brief questionnaire to help it determine their investment goals, 澳洲幸运5官方开奖结果体彩网:time horizon, and risk tolerance. Using customers’ questionnaire answers, Betterment recommends an investment portfolio to each user designed to meet their financial needs. Betterment users can choose from among 11 portfolios with a range of asset allocation choices—including a portfolio aimed at long-term investing with low costs and portfolios focused on high-growth tech companies and others on undervalued U.S. companies. 

Betterment’s powerful cash management product goes a step beyond the competition by offering a tax strategy that reflects a customer’s circumstances and goals. Essentially, Betterment can place assets in a taxable, tax-deferred, or tax-exempt account according to its taxation risk while using the customer’s overall target asset allocation.

On Feb. 26, 2025, Betterment announced that it has acquired the automated investing business of Ellevest, a woman-focused wealth management firm and robo-advisory.

Cash Reserve is only available to clients of Betterment LLC—which is not a bank and cash transfers to program banks are conducted through the clients’ brokerage accounts at Betterment Securities. For Cash Reserve (“CR”), Betterment LLC only receives compensation from our program banks; Betterment LLC and Betterment Securities do not charge fees on your CR balance.

Checking accounts and the Betterment Visa Debit Card provided and issued by nbkc bank, Member FDIC. Checking made available through Betterment Financial LLC. Neither Betterment Financial LLC, nor any of their affiliates, is a bank. Betterment Financial LLC reimburses ATM fees and the Visa® 1% foreign transaction fee worldwide, everywhere Visa is accepted.

Best for Low Costs : Fidelity Go

Investopedia's Rating
4.3

Image shows Fidelity Go's logo against a white background.

Fidelity

  • Account Minimum: $0 to open an account, $10 to be invested
  • Fee: $0 for accounts under $25,000, 0.35% annual fee for balances over $25,000
Why We Chose It

Fidelity Go is Investopedia’s choice for the best robo-advisor for low costs because the platform doesn’t charge any fees on accounts with balances of less than $25,000. In addition, when the 0.35% annual fee does kick in on accounts with balances above $25,000, customers get access to unlimited one-ꦰon-ಞone coaching with an advisor, plus they benefit from Fidelity Flex funds that come with no management fees or expense ratios.

Pros & Cons
Pros
  • Quick and hassle-free account setup

  • Low management fees, plus access to no-♛coꦆst Fidelity Flex funds

  • Ability to preview and tweak your portfolio’s risk level before🍷 committing funds

  • Smooth integration for ﷽existing Fidelity customers managing multiple accounts

Cons
  • Access to human financial advisors only avaꦐilable for accounts with balances over $25,000

  • No tax-loss harvesting feature

  • Investment choicesꦉ limited to Fidelity’s own mutual funds

Overview

Fidelity Go, launched in 2016, makes investing feel pretty effortless—especially if you're a beginner, a hands-off investor, or someone already plugged into Fidelity's massive ecosystem. The platform keeps it simple, with a setup process that avoids the need to make potentially confusing decisions. The platform charges nothing on your first $25,000, and even the Flex funds it uses are free of ongoing management fees. For accounts with balances larger than $25,000, customers pay a competitive 0.35% annual fee. Fidelity Go also offers a financial wellness section that points customers to available tools and allows users with over $25,000 in assets to access unlimited one-on-one coaching with an advisor.

Best for Access to Licensed Financial Advisors : SoFi Automated Investing

Investopedia's Rating
4.5

SoFi

 SoFi

  • Account Minimum: $50
  • Fee: 0.25% annual advisory fee
Why We Chose It

Investopedia chose 澳洲幸运5官方开奖结果体彩网:SoFi Automated Investing as the best robo-advisor for access to licensed financial advisors. In an industry where access to human advice often comes with h꧃igh ba⭕rriers to entry, SoFi's Automated Investing platform includes a complimentary 30-minute meeting with a financial planner.

Pros & Cons
Pros
  • All clients have access to a complimentary one-time 30-minute video ꦏmeeting with a financial planner

  • $50 minimum to begin investing

  • Access to Additional lending and cash managem🧔ent tools

Cons
  • No tax-loss harvesting service available

  • No portfolio customization options 

  • Fewer account types than other robo-advisors

Overview

SoFi® was founded in 2011 by four Stanford University business school students and, in 2012, was the first company to provide 澳洲幸运5官方开奖结果体彩网:student loan refinancing. Since its inception, the company has become known for its many financial offerings, including banking, lending, credit card, insurance, and travel services. The company offers digital investment management with a 0.25% management fee and a complimentary one-time ᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚvideo meeting with a financial planner. Investors can also start investing using Sofi's Automated Investing platform with just $50, making it🌳 a powerful option for investors looking for professional advice before getting started.

Best for Sophisticated Investors, Best for Cryptocurrency Portfolio Selection : M1 Finance

Investopedia's Rating
4.2

M1 Finance

 M1 Finance

  • Account Minimum: $100 ($500 for retirement accounts)
  • Fees: $3 monthly platform fee for clients, except those with total account balances of $10,000
Why We Chose It

Best for Sophisticated Investors

澳洲幸运5官方开奖结果体彩网:M1 Finance is best for sophisticated investors who want to choose their own stocks and ETFs and access customized portfolios focused on themes that align with their goals. M1 Finance also offers h♔igh-yield cash accounts and borrowing. 

Best for Cryptocurrency Portfolio Selection

M1 Finance is our pick for best cryptocurrency portfolio selection because it is one of the few digital wealth management platforms that allows you to go beyond ETFs. You have to open a separate crypto account, but then you can build what M1 Finance calls a crypto pie, or a pre-made portfolio designed by experts, and use M1 Finance’s auto-invest features to manage it.

Pros & Cons
Pros
  • Numerous customized expert pies or portfolios

  • Thousands🧔 of ETFs and sto𒆙cks for self-directed investors

  • Fee-free plan

  • High-yield cash account

  • Low interest rate margin available

Cons
  • No quiz to determine inve📖stors’ goals or ri🐓sk tolerance

  • No tax-loss harvesting

  • No financial advisors 

  • Platfor♑m re🌞quires some level of investment knowledge

Overview

M1 Finance, founded in 2015 by Brian Barnes, gives users more control over their portfolio selection compared to many other digitial wealth management platforms—which is why it’s best suited for sophisticated investors. M1 Finance offers Pies, and allows users to rebalance their self-directed stock and ETF assets according to their preferred asset allocation. The Pies are designed based on themes, including general investing, retireme🧜nt planning, responsible investing, and income-earning investments. 

The $3 month🌞ly fee—which applies to investors who do not meet the $10,✱000 account balance requirement—may not be worthwhile for investors with small balances. However, M1 Finance offers self-directed investors access to thousands of stocks and ETFs, cryptocurrency, as well as high-yield cash and lending. 

M1 Finance combines self-directed brokerage features with pre-built portfolios and automated portfolio management capabilities. M1 Finance does not provide advisory services and, therefore, is not considered a traditional robo-advisor.

Best for Those Who Struggle to Save : Acorns

Investopedia's Rating
4.5

Acorns logo

Courtesy of Acorns

  • Account Minimum: $0
  • Fees: $3/month for Bronze, $6/month for Silver, $12/month for Gold
Why We Chose It

Acorns is a good fit for peo𒐪ple who find it difficult to save money to put toward investments. The platform has a “round-up” feature that automatically invests spare change. When people use the debit and credit cards linked to Acorns, the platform automatically takes the difference between the purchase amount and the next whole dollar and invests it.

Pros & Cons
Pros
  • Helps customers to begin saving and investing

  • The Multiඣplier feature ena👍bles faster investment growth

  • Low-fee, diversified investment portfolio options

Cons
  • Fees can be burdensome to small accounts

  • The ♚round-up feature m❀ay take a long time to build a meaningful investment amount unless users contribute additional savings

  • Limited account types

Overview

Acorns was founded in 2012 and is a valuable tool for those who have trouble saving money to invest. The platform rounds up a person’s spending and diverts the difference into an investment account. To date, $3 billion has been invested through this round-up feature. Acorns recommends a diversified investment portfolio to users based on their answers to several questions about their goals. Investors can also use the platform’s Round-Ups Multiplꦐier, which will double, triple, or multiply by 10 the amount of the round-up. 

Note that if an investor only invests using the round-up tool, it can take a very long time to build a meaningful investment portfolio. In addition, because the rounded-up investment contributions are pulled from the user’s checking account, it’s important to monitor that account closely to avoid 澳洲幸运5官方开奖结果体彩网:overdraft fees

Best for Mobile : E*TRADE Core Portfolios

Investopedia's Rating
4.1

E*TRADE logo 2025
  • Account Minimum: $500
  • Fee: 0.30%
Why We Chose It

澳洲幸运5官方开奖结果体彩网:E*TRADE Core Portfolios was acquired by Morgan Stanley, and offers a robo-advisor with a user-friendly mobile app, making it easy to access the platform’s tools on ꦍthe go. 

Pros & Cons
Pros
  • Multiple investment𝄹 strategies, including core, ESG, and smart beta

  • Mobile app enables account openജing and transfers, resembling the desktop

  • Access to the broad Morgaꦿn Stanley lineup of investment and financial management⛎ services

Cons
  • More expensive than competitive robo-adv💜isors at lower cost

  • No live chat

  • Relatively li🦂mited goal setting in🌊 the portfolio creation process

Overview

E*TRADE was founded in 1982 and acquired by Morgan Stanley in 2020. It offers a wide range of investment services, beginning with a questionnaire to assess an investor’s goals, 澳洲幸运5官方开奖结果体彩网:liquidity needs, time horizon, and risk tolerance. Based on their responses to the questionnaire, investors get a core investment portfolio that aims to fit their needs. The choices include a core portfolio, socially responsible portfolio, and smart beta portfolio.&nbs𝕴p💞;

The E*TRADE app is easy to navigate, allowing users to open an account and transfer money into or out of tಞheir portfolios while providing checking, bill payment, and cash management services. 

Best for Education : Merrill Guided Investing

Investopedia's Rating
4.5

Merrill Edge Guided Investing
  • Account Minimum: $1,000, or $20,000 with an advisor
  • Fees: Annual 0.45% of assets under management, assessed monthly. With advisor — 0.85% (discounts available for Bank of America Preferred Rewards participants)
Why We Chose It

澳洲幸运5官方开奖结果体彩网:Merrill Guided Investing—which is integrated with Merrill Lynch and Bank of America resources—provides a vast library of educational content and a range of excellent calculato🦂rs and tools that cꦐan be accessed without even having an account.

Pros & Cons
Pros
  • 24/7 customer service

  • Superior 🔯educa♒tional resources, calculators, and tools for a range of investors

  • Integration🎃 with Bank of America and Merril♓l Edge financial products, making it a one-stop shop financial portal

Cons
  • Higher fees than other robo-advisor platforms

  • No tax-loss harvesting

  • $20,000 balance and an 0.85% annual💧 fee required for financial advisor ac𓆉cess

Overview

Merrill Lynch & Co. was founded in 1914 by Charles E. Merrill and was acquired by Bank of America in 2009, according to Reuters. While the company was once known for catering to the wealthiest Americans, Merrill Guided Investing now aims to offer a wide range of clients investment management expertise and educational tools. 

The robo-advisor’s investment portfolios are designed to reflect each investor’s goals, timeline, and risk tolerance. Unlike standard passively managed robo-advisor offering🍎s, Merrill Guided Investing’s portfolios ar♌e built and managed using strategic and tactical asset allocations. Merrill’s pitch here is that having the human element can add value in terms of investment selection and portfolio construction beyond what a solely rules-based system can achieve.

From an educational perspective, the platform offers webinars, investor education videos, and the Morningstar Investing Classroom, which includes free courses on investment topics ranging from stocks and bonds to mutual funds and ETFs.  

Why Trust Us

Investopedia aims to provide unbiased, comprehensive reviews to help readers make the best decisions with their money. To create this list, Investopedia collected 2420 data points from 20 robo-advisor companies, focusing on the factors that are most important to investors. We reviewed each robo-advisor platform for fees, portfolio management services, goal-planning tools, and other key features in order to give each a rating. Investopedia has been helping readers find the best tools and platforms for managing their finances since 1999.

How Do Robo-Advisors Work?

Robo-Advisors provide automated investment planning based on specific algorithms. They simplify the management of an investor's portfolio based on the type of account you have and your investment goals. One of the first things you'll do when establishing an account is provide answers to key questions about your financial goals. Depending on which robo-advisor you choose, options for investing include stocks, bonds, and more.

Most robo-advisors use a 澳洲幸运5官方开奖结果体彩网:passive investing approach, which can involve basing one's portfolio on an index such as the 澳洲幸运5官方开奖结果体彩网:S&P 500 in order to also match the perf𓃲ormance of the index. More active approaches and more customization sometimes🧸 is possible, but those services typically will cost more.

Who Are Robo-Advisors Best For?

Those who don't have the time or the confidence to take a close, hands-on approach with their investment portfolios might be a good match for a robo-advisor. Because such a service is automated, one of the benefits is the amount of time it can save account holders. Robo-advisors also might be a good option for those who are new to investing because it provides a way to get started in investing while still learning the best approach.

Robo-advisors also can be a good🍰 fit for those who want the convenience of 24/7 access to their accounts. Working with a traditional financial planner does not provide this kind of access.

Common Robo-Advisor Terms to Understand

If you are considering using a robo-advisor for your investing needs, it's a good idea to familiarize yourself with these terms:

Pros & Cons of Robo-Advisors

Pros
  • Ease of use

  • Lower costs

  • Investment models

Cons
  • Impersonal

  • Limited flexibility

Pros Explained

  • Ease of use: One of the main draws of robo-advisors is that they are easy to use. It can be as simple as creating an account and answering questions about your investment goals. This ease of use also includes 24/7 access, which avoids having to fit someone else's schedule.
  • Lower costs: Because robo-advisors take a passive approach, their costs typically are lower than those of working with a personal advisor or trying to actively manage your own investments.
  • Investment models: Robo-advisors offer choices of many investment models to follow. For example, if you want to focus on investing in environmentally conscious companies, there are robo-advisors that can handle that.

Cons Explained

  • Impersonal: An automated process built on algorithms is definitely easy to use, but for times when you might want specific advice or a certain kind of feedback, it's difficult to get exactly that with robo-advisors.
  • Limited flexibility: While there are a lot of investment models to choose from, customization is limited or nonexistent depending on the robo-advisor.

How We Picked the Best Robo-Advisors

Providing readers with unbiased, comprehensive reviews of digital wealth management companies, more commonly known as robo-advisors, i🏅s a top priority of Investopedia. We combined our industry research and subject matter expertise to guide the research and weightings for our 2025 robo-advisor rankings. To collect the data, our researchers gathered data points through online research of provider websites. To fill in any gaps, our research team reached out to the individual companies. In some instances, our researchers did much deeper online research to get the information they needed to complete the data collection. The data collection process spanned from April 5, 2025 to April 11, 2025.

We then developed a quantitative model that scored each company to rate its performance across nine major categories and 60 weighted criteria to find the best robo-advisors. The score for each company’s overall star rating is a weighted average of the criteria:

  • Goal Planning - 21.00%
  • Portfolio Contents - 17.00%
  • Portfolio Management - 17.00%
  • Fees - 15.00%
  • Account Services - 10.00%
  • Account Setup - 5.00%
  • Customer Service - 5.00%
  • Security & Education - 5.00%
  • User Experience - 5.00%

Through this all-encompassing data collection and review process, Investopedia has provided you with an unbiased and thoro𝕴ugh review of the top robo-advisors.♉

The above material and content should not be considered to be a recommendation. Investing in digital assets is highly speculative and volatile, and only suitable for investors who are able to bear the risk of potential loss and experience sharp drawdowns. Digital assets are not legal tender and are not backed by the U.S. government. Digital assets are not subject to FDIC insurance or SIPC protections.

Dotdash Meredith receives cash compensation from Wealthfront Advisers LLC (“Wealthfront Advisers”) for each new client that applies for a Wealthfront Automated Investing Account through our links. This creates an incentive that results in a material conflict of interest. Dotdash Meredith is not a Wealthfront Advisers client, and this is a paid endorsement. More information is available via our links to Wealthfront Advisers.

INVESTME🦄NTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY🎃 LOSE VALUE

Automated investing is offered through SoFi Wealth LLC, an SEC-registered investment adviser. 0.25% fee is based on your account value. The wrap program fee may cost more or less than purchasing brokerage, custodial, and recordkeeping services separately. 0.25% fee is based on your account value. The wrap program fee may cost more or less than purchasing brokerage, custodial, and recordkeeping services separately. Brokerage costs are billed separately. Please see SoFi.com/legal/wrapbrochure for more information. Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at .

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Article Sources
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