3 of the Best Robo-Advisors, and One of the Worst

Where Schwab, Fidelity, and Vanguard ranked this year.

Morningstar Research Services’ Amy Arnott, portfolio strategist, and Gabe Denis, senior manager research analyst, discuss how the lines are blurring between robo-advisors and traditional financial advisors.

Timestamps:
What's a Robo-Advisor? 0:38
Investor Benefits From Robo-Advisors 1:25
Did 2022 Stand Up Against 2023? 2:03
Tax Loss Harvesting 3:05
Limitations of Digital Investment Advice 3:59
Robo-Advice vs. Human Advice 4:57
Robo-Advisor Fees 6:30
The Best Robo-Advisors Advisors of 2023 7:50
Schwab Intelligent Portfolios 9:01
Fidelity Go 10:35
Vanguard Robo-Advisor 11:33
The Worst Robo-Advisor 13:15

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[jecny]

My advisor has done pretty well by me and I'm sticking with him. RIP Jack Bogle.

[sanjeevp]

1. Vanguard
2. Fidelity GO
3. Schwab - high cash

[dapperlink]

Interesting and insightful. I was waiting to hear about Betterment and some of the pioneers of roboinvesting, so surprised. Was their a more comprehensive list? Thanks!

[goldja]

I have fidelity Go, betterment and Acorns Robo adviser

[BB-cskk]

Would like to see performance vs target date or static balanced funds as there are no additional fees. Fees matter, even 30bps for vanguard PAS.

[chessdad]

Would have been better with some slides.

[robertshaver]

Thank you. Admire the way you apply your analytical skills. Great interview.

[Secede]

I have Fidelity Go for one and Wealth Front for my other one. I've closed out Schwab for the reasons cited here and transferred to WF.

[adminsupport]

So you are paying vanguard .25 to tell you which vanguard ETF to put your money in and then those ETF also charge you .03 in management fees. vanguard robots will never tell you to buy a competitors ETF even ifs its in your best interest.

[julius]

kindly, the lighting is a bit crazy and not flattering on the lady to the left, she looks like she's sitting right next to the core of the sun