Robo-advisors have indeed emerged as a popular alternative to traditional investment advisors, offering several advantages. Firstly, they provide accessibility to a wider range of investors with lower minimum investment requirements and reduced fees compared to traditional advisors. Secondly, robo-advisors leverage algorithms and machine learning to offer personalized investment advice based on individual goals and risk tolerance, enabling tailored investment strategies. Additionally, they provide convenience through user-friendly interfaces and 24/7 availability.
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