Online wealth management services such as Betterment and Wealthfront offer a lower-cost, automated approach to personal investing that's challenging and transforming the existing financial advisory paradigm. Paladin Research & Registry has compiled a list of five ways these new, so-called robo-advisors differ from traditional brick-and-mortar financial advisory firms staffed by ... humans.
Robo-advisor definition: An online service provider that provides automated investment management with limited human contact.
Financial advisor definition: Located on Main Street in your city. Provides personal advice and services with an emphasis on human contact.
By CNBC's Kenneth Kiesnoski
Posted 21 April 2015