M1 Finance is a robo-advisor with a twist. Investors have 100 percent control over their portfolio, and can even make changes at any time. This differs from traditional robo-advisors that are more of a set-it-and-forget-it model.

Once you’re set up, M1 manages your investments, rebalancing your portfolio as needed. So it works like a robo-advisor as it provides automatic rebalancing and monitoring, but unlike traditional robo-advisors, they don’t pick your investments for you. That’s where your knowledge and expertise in investing comes in handy.