10/20/2015 – Would You Let A Robot Manage Your Retirement Savings? (NPR)

Roboadvisers are significantly less expensive than human ones. The startup WiseBanyan offers a fee-free service. Fees at the largest roboadvisers are a small fraction of those at Wall Street firms and traditional wealth managers. Greg Smith is the president of a roboadviser calledBlooom that seeks out the lowest fee options in a customer’s 401(k) plan. Smith says 401(k)s are needlessly opaque and crammed with high-fee funds that perform poorly.

Read the full article in NPR.