With the number of easily accessible robo-advisors on the rise, there has never been an easier time for Canadians to start saving and investing.With as little as $100 per month, you can build diversified portfolios at a relatively low cost which is a very empowering option. In this episode, Marcelo, Lawrence and Keith discuss how Robo-Advisors work, the opportunities and advantages created for Canadian investors, as well as the risks and dilemmas of using these investment platforms. Key Topics:Lawrence’s background and journey into wealth management (1:38)What is a robo-advisor? (4:00)Advantages of using a robo-advisor (6:04)Why robo-advisors create more opportunities for Canadian investors (7:19)Drawbacks of investing with a robo-advisor (8:34)Understanding the limits of robo-advisors (10:20)How Lawrence helps our young investors to get started with Wealthsimple (12:13)Young investors’ experiences using Wealthsimple (13:12)Comparing Wealthsimple and Tangerine (14:55)The value of empathy in investing (16:05)Feedback from young investors about using robo-advisors (17:01)How robo-advisors are democratizing access to investing (19:01)The three doors of Wealthsimple (21:18)Why robo-advisor platforms can end up distracting investors (22:34)The slippery slope of the core and explore portfolio strategy (24:11)Creating market value at the expense of the end-user (25:36)The negative effect of the gamification of investing (26:54)Our key takeaways for Canadian investors (28:40)Thanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram