Reviewing Robo-Advisers: Beyond the Fluff

Frankly, I could care less how much money Wealthfront, Betterment, et. al. have raised from venture capitalists, how pretty their web sites are, how close to zero their fees are or how much money their publicists have been able to persuade investors to fork over. It’s time to, instead, to start looking at the one thing that counts: How effective they are managing their client’s money.