Best Robo-Advisors of 2026
Robo-advisors automate investing at a fraction of the cost of a human financial advisor. Here's how the top platforms compare on fees, features, and tax efficiency.
Quick Picks
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What Is a Robo-Advisor?
A robo-advisor is an automated investment platform that builds and manages a diversified portfolio on your behalf, typically using low-cost index funds. You answer a questionnaire about your goals, risk tolerance, and time horizon, and the platform creates an appropriate asset allocation and rebalances it automatically.
Robo-advisors typically charge 0–0.25% annually — far less than the 1% or more charged by traditional human financial advisors. For most investors with straightforward financial situations, a robo-advisor provides excellent value. For complex situations (business ownership, estate planning, tax complexity), a human advisor may still be warranted.
Top Robo-Advisors Reviewed
Betterment
Best for: Most investors — especially beginners who want a hands-off, goal-based approach
- No minimum investment
- Tax-loss harvesting on all accounts
- Socially responsible investing options
- Goal-based planning tools
- Cash management account
- –Annual fee (though competitive)
- –Less control over individual holdings
Wealthfront
Best for: Tech-savvy investors who want sophisticated tax optimization
- Tax-loss harvesting
- Direct indexing (for $100K+ accounts)
- 529 college savings plans
- Financial planning tools
- High-yield cash account
- –$500 minimum
- –No human advisor access
Schwab Intelligent Portfolios
Best for: Investors with $5,000+ who want zero advisory fees
- No advisory fee
- Automatic rebalancing
- Tax-loss harvesting (Premium)
- Access to Schwab ecosystem
- –$5,000 minimum
- –Cash allocation required in all portfolios
- –Premium tier costs $30/month
Vanguard Digital Advisor
Best for: Vanguard fans who want automated management of Vanguard funds
- Low-cost Vanguard funds
- Retirement-focused planning
- Trusted brand
- Automatic rebalancing
- –$3,000 minimum
- –Less feature-rich than competitors
- –No tax-loss harvesting on basic tier
SoFi Automated Investing
Best for: SoFi members or beginners who want free automated investing
- No advisory fee
- No minimum investment
- Access to human advisors (free)
- Integration with SoFi banking
- –Less sophisticated than Betterment/Wealthfront
- –No tax-loss harvesting