Best Robo-Advisor for Low-Cost Investing
How we picked the companies to evaluate:
NerdWallet reviewed 22 robo-advisors, a mix of established firms with the greatest market share and younger companies. Some of these are NerdWallet partners; some are not.
How we chose the winner:
NerdWallet evaluated each provider across the weighted criteria below to determine the winner for low costs:
- Management fees (50%).
- Expense ratios (40%).
- Account fees (annual, transfer, closing) (10%).
How we verified our data:
NerdWallet writers sent detailed questions to all reviewed companies. NerdWallet writers and editors also confirmed fees, rates, policies and other key features on each company's website.