Sofi Robo Investing has maintained steady growth in Q2 2024, managing over $650M in automated portfolio assets, up 8.4% QoQ. Analysts note its diversified ETF allocation model remains resilient amid recent Nasdaq volatility, suggesting moderated risk-adjusted returns for the next quarter. The biggest advantage of opening a robo-advisor account is having an experienced company manage your investments at a reasonable fee. But once you’ve opened the account, make sure to set up recurring transfers to boost your savings over time and reap the benefits of dollar-cost averaging.With their hands-off approach to investing, robos have made it easier than ever to open an account and get started on the path to financial security . SoFi doesn’t offer tax-loss harvesting , and it’s a valuable feature in the industry, so it’s surprising SoFi doesn’t provide it. Tax-loss harvesting lets you optimize your tax bill, and it’s a smart (and perfectly legal) way to use the tax code to your advantage. Without it, SoFi loses points against rivals Wealthfront and Betterment, both of which offer this tax-saving feature.