Best Robo Advisor Companies (2024)

Investopedia's Best Robo-Advisors 2023

Robo-advisors, or digital investment managers, are a great tool for those investors who want automated investing services.Robo-advisors provide more accessible investing and money management options at a fraction of the cost.

Investopedia’s editorial team reviewed dozens of digital investing platforms using its comprehensive rating methodology to determine consumers’ best robo-advisor options across metrics including product offerings, cost, ease-of-use, education, and customer support.

Winners

• Best Overall: Wealthfront
• Best for Goal Planning: Wealthfront
• Best For Portfolio Construction: Wealthfront
• Best For Portfolio Management: Wealthfront
• Best for Socially Responsible Investing: M1 Finance
• Best for Sophisticated Investors: M1 Finance
• Best for Low Costs: M1 Finance
• Best for Beginners: Betterment
• Best for Cash Management: Betterment
• Best for Education: Merrill Guided Investing
• Best Mobile App: E*TRADE Core Portfolios