Robo-advisors promise professional wealth management at a fraction of the cost of a bank advisor. But do they deliver? We compare the leading providers.

What Is a Robo-Advisor?

A robo-advisor is a digital wealth management service that automatically invests your money in a diversified portfolio of ETFs. You answer questions about risk profile and time horizon, the algorithm creates and manages the portfolio — including rebalancing.

The Top-5 Robo-Advisors

1. Scalable Capital (WEALTH)

Costs: 0.75% p.a. on invested volume + ETF costs (~0.15%)
Strategy: Risk-based allocation with dynamic adjustment
Minimum: 1,000 euros (lump sum) or 20 euros/month

2. Quirion

Costs: 0.48% p.a. (cheapest among the big players)
Strategy: 10 risk levels based on stock/bond mix

3. Growney

Costs: 0.38-0.69% p.a. (depending on volume)
Strategy: 5 investment strategies with ESG option

4. OSKAR

Costs: 0.80-1.00% p.a.
Specialty: Children depot option, standard gold allocation

5. Raisin Invest (WeltSparen)

Costs: 0.48% p.a.
Strategy: Vanguard ETFs, simple 70/30 or 100% stocks

Robo-Advisor vs. DIY ETF Portfolio

The big question: Are the 0.4-0.8% fees worth it?

Pro robo: Automatic rebalancing, tax-optimized reallocation, zero effort, psychological advantage
Pro DIY: 0% management fees, full control, more flexibility, learning effect

Example: On 50,000 euros, DIY saves approximately 250-400 euros per year in robo fees. Over 20 years: 5,000-8,000 euros.

Robo-Advisor vs. AI Trading (Dieter)

A robo-advisor is passive — it tracks an index and rebalances. The Dieter Investment Club is active — it generates buy/sell signals based on AI analysis. Both have their place:

Robo-advisor: For the core (long-term wealth building, zero effort)
Dieter AI signals: For the satellite (active excess returns, more engagement)

Bottom Line: Robo-advisors are ideal for investors who want to invest without daily market involvement. They deliver market-like returns with minimal effort. For active traders, they are a complement, not a replacement.