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dairymaid Oct 4th 2021 12:29 pm

Robo advisors
 
Does anyone have any experience of robo advisors as offered by several companies and banks e.g. Santander? Would be most interested in hearing about them.

Thank you in advance.

Mustard Oct 4th 2021 7:40 pm

Re: Robo advisors
 
I have used the Openbank one. You choose a risk profile and their fund manger ( in this case Blackrock ) invests in corresponding Index tracking ETFs.
These have lower management fees and you rely on their judgement to construct a portfolio. It's been fine for the last 18 months but the markets are looking a bit shaky at the moment.


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