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 . Key features of the new program include:No additional advisory fees: While investors will pay the expense ratios of the underlying funds within their model portfolio, they will not be charged an additional advisory fee or pay a commission for this service. 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 ##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 .