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For many years, we have been working with investment consultants to make the best use of our money. The accuracy and consistency of the advice have always been in question, but we never cared about it much till the time we started having choices. And now that applications is taking over the planet, we have options which are based on analytics and automation.

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These include:.

Betterment: Betterment is a robo-advisor that manages more than $2 billion in 93,000 accounts. To the management of this asset, the company uses index funds and an automated allocation program on the basis of an investors risk tolerance and time period. It assists individuals to have better control on their prosperity and to grow it with the assistance of advanced technology.

Wealthfront: Wealthfront is the worlds largest automated investment agency with over $2.5 billion in client assets. It manages a searchable, continually rebalanced portfolio of index funds on the consumers behalf at a very low cost and in an extremely tax-efficient manner. It does not charge fees on the first $10,000 and charges only 0.25% annually on resources in excess of $10,000.

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Now, they are raising the bar by lowering the minimum amount required to open a Wealthfront account to only $500. .

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Motif Investing: Motif Investing, a Silicon Valley-based company, is an online broker which permits investors to invest in stock and bond portfolios constructed around everyday suggestions and broad economic trends, and produce customized motifs. The company has developed a unique financial product called motifs which works like low-cost exchange-traded funds.

Until now, the company has increased $126.5 Million in six Rounds of funding. Investors include Foundation Capital, Goldman Sachs, Ignition Partners and Norwest Venture Partners. Board members include former SEC Chairman Arthur Levitt and former Wall Street Executive Sallie Krawcheck. .

FutureAdvisor: FutureAdvisor is looking to bring top-flight wealth management solutions to the middle class. Unlike other services which target typically tech-savvy and wealthier users, the typical FutureAdvisor client has approximately $100,000 to invest and has multiple accounts with different institutions. In certain ways, FutureAdvisors service is very similar to other offerings on the market; it utilizes algorithms to optimize the portfolio to get a potential customer.

Should a customer want FutureAdvisor to really execute an investment strategy, the company can accomplish that. .

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Personal Capital: The companys service combines free tools that collect and analyze all the investor's financial data using a financial adviser to help manage and expand his investments. The company has managed over $800 million invested by clients. The companys services are used by over 600,000 Americans to monitor $100 billion+ in accounts on the free software. .

Hedgeable: Founded in 2009, the company automates complex investing in active professionals in less than five minutes with no minimum investment needed. It brings the wealth management services of the ultra-high worth to the masses. It's developed several proprietary systems to offer services which were previously only available to this ultra-high net worth, such as risk management, hedging, bitcoin investing, influence investing and private equity.

Nutmeg: Specializing in investments, ISAs and pensions, the company supplies an online investment support thats intelligent, straightforward and fair. Until now, the company has received $37.3 million in two rounds of funding.

Wealth Horizon: A low-cost online service, Wealth Horizon offers investors investment information starting from no more than 12.50. The company is targeting savers that fall into the so-called information gap(people who dont want to cover the high cost to get a financial advisers experience ).

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Swanest: Based out of London, Swanest is an online automated wealth manager using intelligent technology to build and manage custom-fit investment plans.   The company helps their clients to achieve their potential financial goals.

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MoneyFarm: click MoneyFarm, the only online financial advisor in Italy, provides first-class investment advisory to small savers via a scalable, UX-driven, enjoyable and hassle-free platform. The companys clients can build build their portfolio using MoneyFarms asset allocation recommendations, manage it through time and implement all of the transactions in a very straightforward and efficient way. .

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