Having multiple robos has other potential pitfalls. One of the advantages of robo-advisors is that they automatically rebalance. ... But when you have multiple robo-advisors running, they don't know about each other unless you tell them, meaning their individual rebalancing could leave your overall portfolio lopsided.

Can robo-advisors survive a bear market?

4. Robo-advisors May Not Work in a Range-bound Market. 5. Robo-advisors Have Yet to Survive a Bear Market.

Is it bad to have multiple robo-advisors?

Noted that the fee structure of robo advisors is by assets under management, I would say that it is unwise to have many robo advisors and should stick to just 1 or 2 robo advisors that serve different purpose of your needs. ... I would recommend keeping the robo advisors that are more diversified.