A digital advisor platform allows potential investors to make their investments without the need to consult with a financial investor in person. These platforms are typically offered by investment firms and offer advice to the clients based on the client’s personal and financial history. While some may prefer to meet with advisors face to face, the digital model of financial investing has several advantages.
Digital Platforms Tend to Have Lower Fees
Since digital platforms do not involve the services of a human advisor, you will likely pay less in fees. The exact fees that you will end up paying will depend upon whether the platform offers you live help to answer any investment questions you have. If you are relying strictly upon the advice of the platform without any live help, you will likely pay even lower fees.
People Who Like Simplicity Are Drawn to Digital Platforms
Digital platforms offer advice based on a few key criteria, and you can decide whether or not to take that advice. You can make investment decisions during commercial breaks while watching your favorite game or while the kids are taking a nap. Digital platforms make investments simple.
You Can Receive Up to Date Advice on Your Finances
When you have an unexpected few extra dollars to invest, you might not want to go through the hassle of setting up an appointment to talk with a financial advisor. Instead, you can invest that unexpected money with the help of a digital advisor.