Condor Capital Wealth Management’s fourth-quarter Robo Report, released this week, examines the portfolios and performance of 35 accounts from 25 different robo-advice providers.
The accompanying Robo Ranking probes the qualitative aspects of each platform, grading providers on more than 45 individual metrics. These are grouped into larger categories such as features, financial planning capabilities, user experience, access to live advisors, conflicts of interest, transparency, minimum investment requirements, costs and overall performance.
Condor introduced several changes in its latest report intended to better reflect the evolving robo-advice landscape. It excluded SoFi because the platform’s recent fee adjustments mean that the service it previously tracked no longer exists — but it plans to include SoFi for the next ranking.
Condor also shifted its performance assessment from three-year to five-year returns, and also incorporated five-year Sharpe ratios and standard deviations.
See the gallery for the top 10 robo-advisors, according to Condor’s fourth-quarter ranking.
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