Betterment is a robo-advisor service that uses automation to manage your investments. You answer questions about your financial goals and risk tolerance, and Betterment builds a diversified investment portfolio for you using low-cost ETFs (exchange-traded funds). They automatically rebalance your portfolio to maintain your risk profile and offer features like cash management and retirement planning. Betterment charges a management fee, but it’s generally lower than traditional financial advisors.
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