Daffy is a robo-advisor for your DAF, providing all the benefits of a traditional DAF but with lower costs and more efficiency.
A robo-advisor is a digital platform that provides automated, algorithm-driven financial planning services with little to no human supervision. They provide a range of services such as researching the best ETFs to buy, automatically rebalancing your portfolio on an ongoing basis, reinvesting dividends in an intelligent way and providing advanced services such as tax loss harvesting. All these services are meant to benefit your portfolio returns by more than the cost of a robo-advisor which is generally around 0.25% of your portfolio every year.
Daffy, as a robo-advisor, offers these services and more. It simplifies your giving, allowing you to easily donate to almost every US public charity, track tax-deductible contributions, and access donation receipts all in one place. Daffy waives all membership fees for members with less than $100 in their fund, making it an affordable option for everyone.
So, should you use a robo-advisor for your DAF? The answer for most people is probably yes. With Daffy, you can ensure that you're doing all the right things as you invest in ETFs, while also making a difference in the world. Start your Daffy account today and experience the benefits of a robo-advisor for your DAF.
Please note that the information contained on this page is for educational purposes only and should not be considered tax advice. Any calculations are intended to be illustrative and do not reflect all of the potential complexities of individual tax returns. To assess your specific tax situation, please consult with a tax professional.