Broker Check

What are Robo Advisors?

| March 25, 2019

An online advising platform is also known as a Robo Advisor that manages investments without human financial planners.  The robo advisors are computers that use various algorithms to invest and manage investments.  A benefit of this is cost, since you are not paying for a personal financial advisor, the cost is typically lower than in an actively managed account. Account minimums are also typically lower than actively managed accounts.  This is a great place to start investing, as long as you don't have any complicated situations.  

A downfall though, is the lack of personal relationship.  Personal financial advisors look at your entire unique situation. They discuss your goals, your concerns, things that make you feel successful, and the things you fear.  They build a relationship with you, so that they can help you plan for the future you want.  Your situation may benefit from something more broad than what a robo advisor can provide.   

Here at TSquared Financial, we offer a variety of investment strategies.  Including both actively managed investment accounts and a robo advisor hybrid that also has me as your personal advisor.  This hybrid is called Guided Wealth Portfolios.  It has lower account fees, lower account minimums, automatic investment diversification and management using algorithms.  Depending on your unique situation, a combination of different strategies. 

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Guided Wealth Portfolios (GWP)is a centrally managed, algorithm-based, investment program sponsored by LPL Financial LLC (LPL).  GWP Uses proprietary, automated, computer algorithms of FutureAdvisor to generate investment recommendations based upon model portfolios constructed by LPL.  FutureAdvisor and LPL are nonaffiliated entities.  If you are receiving advisory services in GWP from a separately registered investment advisor firm other than LPL or FutureAdvisor, LPL and FutureAdvisor are not affiliates of such advisor.  Both LPL and FutureAdvisor are investment advisors registered with the US Securities and Exchange Commission, and LPL is also a Member FINRA/SIPC.

All investing involved risk including loss of principal.  No Strategy assures success or protects against loss.  There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio.  Diversification does not protect against market risk.

With your free dynamic proposal, you will have access to sample recommendations at no charge to you.  If you decide to open a GWP investment management account you will be charged a quarterly account fee, as well as certain additional costs such as underlying investment fees and expenses and other miscellaneous fees.  If you decide to implement sample recommendations in the proposal with anther firm, you may be charged fees, commissions, or expenses by that firm, you may be charged fees commissions or expenses by that firm, as well as underlying investment fees and expenses.