At least the big two (Wealthfront and Betterment) aren't trying to beat the market. They're basically just keeping your portfolio balanced between low-cost ETFs

At least the big two (Wealthfront and Betterment) aren't trying to beat the market. They're basically just keeping your portfolio balanced between low-cost ETFs (like Vanguard's) representing different asset classes, and harvesting tax losses to reduce your capital gains taxes. I've heard them described as just a front end for index funds [1]. [1] http://www.bloombergview.com/articles/2015-03-18/would-you-be-ok-with-a-robot-managing-your-nest-egg- http://www.bloombergview.com/articles/2015-03-18/would-you-b...