Simple digital services which stick two fingers up at the old-guard and take the pain out of investing.
A robo-adviser is simply an online investment service which typically asks you about 10-15 simple questions and then allocates you to a suitable basket of investments. And manages these for you on an ongoing basis.
The big plus for less confident investors is that you don't have to pick all the individual investments – they do it for you. Simples!
Still relatively new in the UK, the major emerging brands hit £1 billion of assets in May 2017.
It's still a small and growing market and many of the players are new and unfamiliar brands. But hold onto your hats – lots of the Big Boy Banks are entering the robo ring this year.
The million dollar question. It depends on what happens in the global stock markets. And how spicy your portfolio is.
As a guide, in 2016, the most mild robo portfolios in the UK returned about 2%-3%. The spiciest ones returned a range of 15%-28%.
Returns aren't like cash – we don't have a crystal ball. There will be some years where it goes backwards. And some years when they jump. Have a look at our Best Buys product cards for more performance details.
Which robos rock?
The basic idea is that they ask you enough to gauge how much investment risk you can stomach. The longer your timeframe, the more you can weather any financial storms. If you're investing for 10 years say, you are less fussed by short-term Brexit wobbles in the stock market.
The quizzes – similar to personality profiling with an investment flavour – will work out whether you are super cautious or a bit more adventurous.
And then that in turn determines the blend of investments they put together for you. Cautious and they'll serve up less spice, fewer shares or 'equities'. More adventurous and you'll get 70% and higher in shares.
Still confused? Here's some more detail on how they work.