What advantages do robo-advisors have over their human counterparts? (Choose TWO)

Question

A.
They can perform tedious tasks far more frequently than a human advisor would have time to do
B.
They typically charge much lower fees than the average human advisor would charge
C.
They are not subject to the same government restrictions as human advisors
D.
They have access to better investment choices than human advisors are allowed to invest in

Answer 1

The two advantages that robo-advisors have over human counterparts are:

A. They can perform tedious tasks far more frequently than a human advisor would have time to do.

B. They typically charge much lower fees than the average human advisor would charge.

Options C and D are not generally accurate, as robo-advisors must still adhere to government regulations and typically offer similar investment choices to human advisors.