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Kiplinger
Kiplinger
Business
Nellie S. Huang

How to Invest $1,000: Open a Robo-Adviser Account

Phone holds phone showing stocks.

Robo-advisers, those automated investment services offered by banks, brokerages and other financial firms, promise low-cost, computer-driven investment management geared to your goals. I

Although $1,000 is not enough to get started at Charles Schwab (it’s a heavy-weight competitor in robos, but its Intelligent Portfolio service requires $5,000 to open an account), it’s plenty for SoFi. 

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