Uncovering Conflicts in Robo-Advisors

This chapter explores the hidden conflicts of interest within robo-advisors compared to traditional advisors, highlighting regulatory requirements for disclosures. It delves into asset management nuances, fee structures, and the importance of transparency, particularly in cases like SoFi Wealth's practices. The discussion emphasizes prudent decision-making in utilizing robo-advisors, balancing technology's effectiveness with personal engagement in financial planning.