Investopedia Unveils Winners of 2020 Best Robo-Advisors Awards

Wealthfront, Interactive Advisors, and Betterment Recognized as Investment Leaders Amid Market Uncertainty

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Oct 06, 2020, 09:35 ET

NEW YORK, Oct. 6, 2020 /PRNewswire/ -- Today, Investopedia (www.investopedia.com) announced the winners of its "2020 Best Robo-Advisors Awards," across eleven categories, based on an analysis of 51 parameters. This year's winners improved their platforms and added products to meet the increased demand brought by millions of new investors searching for returns, guidance, and stability during economic uncertainty amid the pandemic.

The Investopedia Best Robo-Advisors Awards categories include Best Overall, Best for Beginners, Best for Sustainable Investing, and more. Top honorees include Wealthfront, Interactive Advisors, Betterment and M1. To see the complete list of winners and rankings by category, visit the Investopedia 2020 Best Robo-Advisors Awards page here.

This year's winners provide excellent solutions in a time of market uncertainty. "It's a breakout year for robo-advisors as the volatility and uncertainty around the pandemic drove investors to look for platforms that helped them ride through the storm," said Caleb Silver, Investopedia's Editor-in-Chief. "Our reviews and rankings reflect the winners' abilities to offer solutions to guide their customers with helpful advice, useful products, and great technology."

Theresa W. Carey, Investopedia's Brokerage and Investing Expert, who led the evaluation process for over 20 robo-advisor platforms, said: "We saw a push from robo-advisors to consolidate all of an investor's financial accounts in 2020, and given low returns in traditional savings and money market accounts, we put a special emphasis on robos' cash management capabilities."

The winners of the Investopedia 2020 Best Robo-Advisors Awards are:

Best Overall: Wealthfront
Best for Beginners: Betterment
Best for Low Costs: M1 Finance
Best for Goal Setting: Wealthfront
Best for Sustainable Investing: Interactive Advisors
Best for Sophisticated Investors: M1 Finance
Best for Portfolio Construction: Interactive Advisors
Best for Cash Management: Betterment
Best for Portfolio Management: Personal Capital
Best for Education: Merrill Guided Investing
Best for Mobile Experience: E*TRADE Core Portfolios

About Investopedia

Investopedia helps its more than 17 million monthly U.S. users (Comscore August 2020) learn how to understand complex financial concepts, improve their investing skills, and learn how to manage their money. Whether in a classroom, a boardroom or a living room, Investopedia editors and its network of financial advisors and experts have answered questions and earned readers' trust since 1999. Investopedia is part of the Dotdash family of brands.

SOURCE Investopedia