What is the primary purpose of using robo-advisors in financial planning?

  • Eliminating the need for human financial advisors
  • Offering real-time stock trading recommendations
  • Providing investment advice tailored to individual goals
  • Reducing the risk of investment portfolios
Robo-advisors are primarily used to provide personalized investment advice based on an individual's financial goals, risk tolerance, and financial situation. They aim to automate and optimize investment decisions, making them accessible to a wider range of investors.
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