FutureAdvisor is one of a handful of top robo-advising services that have popped up in recent years. If you don’t have the time, knowledge or desire to actively manage your investment, retirement or college savings portfolio, FutureAdvisor will do it for you using its trading algorithm.
FutureAdvisor offers a useful portfolio analysis tools absolutely free, as well as a premium portfolio management service for users willing to pay for it. If you want to manage your own investment account but don’t want the responsibility of tracking performance, choosing trades, rebalancing your holdings and optimizing tax harvesting, FutureAdvisor is worth a closer look.
FutureAdvisor is also great for retirees looking for a way to maximize returns on a 401(k) or another retirement account. FutureAdvisor offers free retirement planning, free 401(k) advice and even free 401(k) account management for qualified customers.
One of the ways FutureAdvisor premium users can benefit from the service is by its tax-loss harvesting feature, which automatically identifies any opportunities to offset at least $1,000 in taxable gains.
Users who don’t want 100 percent responsibility for managing retirement portfolios but would prefer not to blindly rely on a financial advisor may find FutureAdvisor a good fit. The service provides recommendations and analysis but also has plenty of resources available to explain exactly how its algorithm works and where its recommendations come from. The service is personalized based on each individual user’s financial situation and goals, and recommendations are optimized based on the Nobel Prize-winning modern portfolio theory of investing.
“I’d happily recommend. You can put minute details into getting the results you want. I can put my salary and outgoing bills to help determine expenses,” one FutureAdvisor user wrote in a recent review.
For investors who are willing to pay a fee to leverage all the investing advantages that modern technology offers, FutureAdvisor is…
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