Definition #
ML models optimizing asset allocation and tax strategies.
Key Characteristics #
- Risk tolerance
- Tax-loss harvesting
- Rebalancing
- ESG filtering
Why It Matters #
Reduces management fees by 80% (Betterment).
Common Use Cases #
- Retirement planning
- Education savings
- Trust accounts
Examples #
- Wealthfront
- Vanguard Digital
- Schwab Intelligent
FAQs #
Q: Minimum investment?
A: As low as $500 for fractional shares.
Q: Human oversight?
A: Hybrid models available.