Not long ago, people only transacted with their banks in person, driving to the bank to deposit and withdraw cash. Waiting in line at the bank was the norm, but not anymore. Online banking has become the go-to way to manage money, but many institutions popping up have no brick-and-mortar counterparts. So, are they safe?
Picking the best investments to match your goals can be intimidating because many choices exist. One option that’s becoming popular is to use a robo-advisor to do the investment picking for you, but are they safe?
Robo-advisors use algorithms and software to build a portfolio to fit the investor’s needs and manage it to keep the growth on track.