What is a robo-adviser and which is the best one for me?

“Robo-advisers” provide a middle ground between paying for financial advice and taking a DIY approach. Here is what’s available

robot shaking hands with human
Robo-advisers can take some of the work out of investing
(Image credit: Getty Images/JIRAROJ PRADITCHAROENKUL)

The two main routes of investing are traditionally using a financial adviser or doing it yourself but digital wealth managers – or robo-advisers – have become a popular option.

Digital wealth managers provide a middle ground between paying for and trusting a financial adviser with your money or the DIY approach.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.