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Tan Wei Ming
08 Jul 2020
Founder and Writer at Frugal Youth Invests
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Noted that the fee structure of robo advisors is by assets under management, I would say that it is unwise to have many robo advisors and should stick to just 1 or 2 robo advisors that serve different purpose of your needs.
Next, review your robo-advisors' portfolio to see if there's any overlap in sectors, geographical location. I would recommend keeping the robo advisors that are more diversified.