Schwab's robo-advisor builds, monitors, and automatically rebalances a diversified portfolio based on your goals. First, you complete a short questionnaire to establish your goals, risk tolerance, and timeline. Next, you get a diversified portfolio of ETFs chosen by experts.

There is no advisory fee and no commissions for investors.

For Schwab Intelligent Portfolios, you pay no advisory fee and no commissions. With Schwab Intelligent Portfolios Premium, for a one-time planning fee of $300 and just a $30/month advisory fee after that, you'll get access to unlimited 1:1 guidance from a CERTIFIED FINANCIAL PLANNER™ professional, a digital financial plan that provides a customized roadmap to help reach your goals, as well as interactive online planning tools. Schwab makes money through ETFs, income generated from cash, and order flow.