What's good and bad about using robo-advisers?

With almost a dozen robo-advisers out there in the market, should the average investor start turning to clever software to grow his money?

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To start, investors will be put through an online quiz with questions like their investment horizon, expected returns and how they would react in the event of a market crash, so the robo-adviser can determine their risk appetite.

Based on that, the platform will recommend a suitable asset allocation and help invest the users' money accordingly in exchange for a management fee.

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A version of this article appeared in the print edition of The Sunday Times on September 29, 2019, with the headline What's good and bad about using robo-advisers?. Subscribe