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4:30Robo-Advisors: After You Answer the Questionnaire
You tick six boxes about your nerves and your timeline, hit "invest", and a £100 deposit lands in eight ETFs by morning. No human looked at it. So what actually happened?
A robo-advisor is a registered investment adviser that automates the work a human financial planner used to do by hand. The questionnaire isn't a personality quiz, it's a suitability assessment the firm is legally required to perform before recommending anything. Your answers about goals, time horizon and risk tolerance are scored into one number: a risk profile.
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