[tymekpavel]

You assume that most people who want to invest even understand what SPY is, what a proper allocation looks like between stocks and bonds, what tax-loss harvesting or rebalancing is, etc. For those folks, robo-advisors provide a huge value-add in making it really simple to invest responsibly. If they were to do it on their own, they probably wouldn't know where to begin.

[endisneigh]

The kind of person who is using a robo adviser will probably know what SPY is, and even if they don’t that’s the purpose of my post.

I’ve yet to see evidence that any actively managed fund, including robo advisers, outperform SPY on a risk adjusted and fee adjusted basis.