Do Human Advisor Fees Offer More Value Than Robo-Advisor Fees?
In an article on ADVISOR.CA titled “Do Human Advisor Fees Offer More Value Than Robo-Advisor Fees?”, I examined the claim that using a robo-advisor can add hundreds of thousands of dollars to your investment when compared to the higher fees charged by many human advisors.
Using RazorPlan, I concluded that although fees do matter, the value of advice in the example used accounted for a 1.7% return on investment.
I’ve outlined my process to give RazorPlan users an idea of how to do similar comparisons with the software. In the video below, I show you step by step how to calculate the value delivered by an advisor charging a 1% “advice” fee.
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