The Right Robo Adviser for You.

To lure more young investors, it now charges no fees for accounts with balances of less than $10,000; a $3 per month flat fee for those with a $10,000 to $50,000 balance; and a 0.35% annual fee for accounts with more than $50,000. The annual fee of 0.89% is high relative to other robos, but it's lower than the usual fee for a private wealth manager, which typically charges 1% or more for accounts with less than $1 million. CHARLES SCHWAB As with Fidelity and Vanguard, Schwab has had great success in coaxing its own long-standing, self-directed brokerage clients into the firm's two robo offerings, Intelligent Portfolios and Intelligent Portfolios Premium, which helps to explain why the lion's share of its digital-advice clients are over the age of 50. The minimum account size is $2,000, and accounts of up to $10,000 are free of fees; larger accounts are charged an annual 0.25% fee and come with access to a human investment adviser. [Extracted from the article]