What is one advantage of using a robo-advisor?

Using a robo-advisor offers the advantage of automated portfolio management. This means that the investment process is largely automated, allowing clients to have their funds managed without needing to engage in the day-to-day decision-making typically required in traditional investment management. Robo-advisors use algorithms and technology to create and manage a diversified portfolio, often based on the investor's risk tolerance and financial goals. This automation can lead to lower fees and make investment more accessible for individuals who may lack the expertise or the time to manage their investments actively.

In contrast to the other options, which highlight disadvantages such as high costs, limited accessibility, and the need for increased personal involvement, the automated nature of robo-advisors is what makes them appealing, particularly to those seeking a more hands-off investment approach.