Asset manager T Rowe ##ll has unveiled a free robo - advice service to attract new customers to its actively managed mutual funds . Price Portfolios will provide fund allocation expertise , information and advice , all funded by the expense ratio of the underlying funds for individual retirement plan investors who have $ 50,000 or more to invest . The completely digital service is available via desktop or on mobile . Each portfolio will consist of eight to ten of the company 's mutual funds .
Asset manager T Rowe Price has unveiled a free robo-advice service to attract new customers to its actively managed mutual funds. ActivePlus Portfolios will provide asset allocation expertise, rebalancing and advice, all funded by the expense ratio of the underlying funds for individual retirement account investors who have $50,000 or more to invest. The completely digital service is available via desktop or on mobile. Each portfolio will consist of eight to 12 of the company's mutual funds.