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A Robo-Advisor is a digital platform providing automated, algorithm-driven financial planning services with little to no human supervision. A typical Robo-Advisor asks questions about your financial situation and future goals through an online survey; it then uses the data to offer advice and automatically invests for you.

The best Robo-Advisors offers easy account setup, robust goal planning, account services, and portfolio management. Additionally, they offer security features, attentive customer service, comprehensive education, and low fees.

• Robo-advisors are digital platforms that provide automated, algorithmic investment services with minimal human supervision.
• They often automate and optimize passive indexing strategies based on modern portfolio theory.
• Robo-advisors are often inexpensive and require low opening balances, making them available to retail investors.
• They are best suited for traditional investing and are not the best options for more complex issues, such as estate planning.
• Robo-advisors have been criticized for their lack of empathy and complexity.

Source: https://www.investopedia.com/terms/r/roboadvisor-roboadviser.asp