Robo-Advisory Software Development in Simple Terms

A diversified portfolio and the patience to stick with it is the boring but brilliant secret to success when you invest. Stockspot portfolios are designed to invest for both growth and dividends. Our technology helps to automate repetitive tasks like rebalancing and reinvesting dividends to keep your portfolio healthy and your costs low. Every dollar that you save on fees is an extra dollar added to your returns.

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This feature may well justify the higher fee for wealthy investors looking to automate their portfolios. As your life and finances become more complex, though, the ability to set multiple goals with different timelines may be more important than finding the cheapest robo-advisor. Get full overview of your finance in one place with financial tools specifically designed for you to invest, plan and track your investment goals. Better than a crypto exchange, better than a financial advisor, choose Wealth Square today, all your financial services in one place.


Personal Capital puts your portfolio plan into action by including a variety of securities such as stocks, bonds, ETFs, alternative investments, cash, and private equity. Separate from cash held in your portfolio, Personal Capital’s Cash account doesn’t require you to be an investing client and is protected by FDIC coverage up to $1.25 million. Owl Software’s Personal Portfolio Manager software allows users to set up and manage up to 999 portfolios with an unlimited number of securities. With the ability to brokerage accounts, plan for retirement and conduct “what-if,” technical and trend analysis on the data within their portfolios, the software provides powerful analytics to help make better investment decisions. If you are not going to have all of this done for you automatically by a robo advisor, then there are some options that you can consider in terms of stand alone software packages or other online services.

This also includes the option to link external accounts to Betterment’s platform and use financial tools to give you a holistic sense of your financial picture. While Betterment is built with a digital first approach, human advisors are available to provide added guidance for an additional fee. Wealth Robo allows you to offer the same superior quality service as traditional advice with the efficiency of an automated approach. You can offer self-service, remote chat with an advisor or via call-center, screen sharing and phone-in from anywhere, at anytime (24/7). This allows more clients to be reached for less without compromising relationships. Your wealth management clients can easily invest lower value funds or decumulate their investible assets to support their instant or longer term financial plans. A unique digital mobile account with a fully featured high yield checking account, credit card and investing.

Best Robo-Advisors

You’ll be able to choose a portfolio containing a diversified basket of ETFs. Auto-rebalancing is applied to help keep your portfolio on track, although no tax-loss harvesting is available and customers are unable to consolidate their outside accounts. Investment advisor support is also accessible to help answer questions for both existing and prospective customers. This all comes wrapped up in a very competitive 0.3% annual management fee.

robo advisors software

Over time, a financial advisor seeks to build a relationship with you to better understand your financial needs, both spoken and unspoken. The investment platform is able to support many goals and time horizons with different accounts, each with its own investment strategy to ensure you stay on track.

Merrill Guided Investing: Best for Education

Personal Capital continues to expand its reach as it was acquired by Empower Retirement in August 2020 to pair with one of the leaders in group retirement services. Wealthfront was one of the first automated investment platforms in the robo-advisor space, launching in 2008 and becoming an industry leader by providing an exemplary digital portfolio management experience. Wealthfront’s strength lies in its fully digital experience through a variety of portfolio customization tools and daily tax-loss harvesting. As do it yourself investors, keeping track of a portfolio’s performance using portfolio management software is critical. Making sure that the portfolio’s performance is what it should be is step one. Step two is tracking the portfolio’s asset allocation to know when changes should be made; the target asset allocations are not where they should be so rebalancing is required.

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