Robo-advisory as an investment method has gained momentum in the last couple of years.
While a lot of people these days are preferring Robo-advisors for financial advice, many are still comfortable with the traditional method for seeking investment advice.
Here are the Major Differences Between a Robo-Advisor and Human Advisor:
- Fully automated based on the answers you provide to their questionnaire
- Human contact is limited to Skype and email
- Investment services only
- Provides only passive management services
- Provides low-cost advisory services
- Uses advanced technology
- Personal advice which can be customised as per an individual’s situation
- An individual is able to seek advice personally – face-to-face or on the telephone
- Can seek advice related to investment planning, insurance etc
- Provides both active and passive management
- As human advisor provides personalized services, the cost is high
- Technology is not very advanced
Choosing a robo-advisor or a human advisor depends on the choice and convenience of an individual. If an individual is not comfortable investing in a portfolio which is assessed online, and he prefers to have some control over his investment, human advisor suits him the best.
If an individual is looking for a low-cost investment advisory platform, he can choose to invest through robo–advisory. It is always better to weigh both your investment options depending on your investing style before investing
Experience 100% automated personalized solutions for both your insurance (Insurance Advisor) and mutual fund ( Auto Investor ) needs. Just answer a set of very simple questions, and our automated results will suggest the best portfolio that suits your needs.
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