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Robo-advisors build and manage a portfolio of low-cost investments suited to your financial goal for a small fee — many top choices charge 0.25% or less of your account balance. The investment mix is determined by a computer algorithm and is automatically adjusted when needed. At the basic account level, you can start investing with $500 or even less.
The most commonly held is the Certified Financial Planner (CFP®) designation issued by the Certified Financial Planner Board, a non-profit, certifying and standards-setting organization that administers the CFP exam. Certified Financial Planner is a formal credential of expertise in the areas of financial planning, taxes, insurance, estate planning, and retirement. Owned and awarded by the Certified Financial Planner Board of Standards, Inc., the designation is awarded to individuals who successfully complete the CFP® Board's initial exams, then continue ongoing annual education programs to sustain their skills and certification.