Brokerage and robo-advisor review methodology

Overview rankings Methodology

Bankrate’s evaluations deal with the most important and most revered on-line brokers and robo-advisors. The evaluations take an investor-first method, which means evaluations are primarily based on how a typical buyer may derive worth from the corporate, somewhat than specializing in whether or not a specific characteristic advantages the dealer or robo-advisor. Bankrate’s evaluations supply well timed and goal info on brokers and robo-advisors in order that people could make knowledgeable selections.

Bankrate evaluates brokers and robo-advisors on elements that matter to particular person traders, together with commissions, account charges, accessible securities, buying and selling platforms, analysis and extra. All information are collected immediately from the businesses themselves, by way of the web site or direct contact with a consultant.

We weight these goal measures in keeping with our evaluation of their significance. Then we systematically rating the brokers and robo-advisors throughout classes and scale the uncooked scores to make sure that you’re seeing the highest choices amongst a discipline of high-quality corporations.

Our evaluations present a rating ranking, on a scale of 1 to 5 stars, throughout 5 key dimensions in addition to an total rating. Our 5 key dimensions are:

• Total value
• Accounts and buying and selling
• Analysis and schooling
• Cellular accessibility
• Buyer expertise

Along with this quantitative analysis, a qualitative part gives additional particulars and context, highlighting options that customers might discover attention-grabbing or helpful. As well as, we provide alternate options for traders in search of a selected characteristic or service.

Bankrate sometimes conducts a complete overview of every dealer and robo-advisor yearly however might replace them all year long as key info change or the trade shifts.