Fintech and Robo-Advisors - Seeing Benefits?

[neversay]

I noticed the Wealthify app in google appstore and it seemed highly rated. I haven't really paid attention to these robo-advisors but note there are others like Nutmeg and Moneyfarm. I suspect this is part of of the Fintech revolution that's on the way.

My question is - have any Lemon Fools used these types of investing tools and what do you make of them?

(Mods - hopefully this is the right board to ask this question as several could apply)

[bobsmydog]

I have just signed up to try it out once beta is available. Will report back.

The difference between the fintech (exoinvesting) and other robos from what I can gather is that the investor can have more input rather than a fixed portfolio based on risk, but charges aren't the lowest.

[neversay]

Thanks. It's probably one area where I will happily be a 'laggard' and wait for more mainstream uptake before I go this route.

[bobsmydog]

I have just signed up to try it out once beta is available. Will report back.

The difference between the fintech (exoinvesting) and other robos from what I can gather is that the investor can have more input rather than a fixed portfolio based on risk, but charges aren't the lowest.

Sorry misstyped, meant finhub (exoinvesting)!