> If they are so good at making money from money, why do they need to solicit my money?

You mean the VC's? Because the strategies of these conservative robo advisors is far from the kind of expected return that a VC wants.

You mean the customers? Why pay anybody to manage a stock portfolio? Each one has a slightly different value proposition, but in the end, it is just easier. It is valuable to some people. Just like paying anybody else for a service.

> Is there a 0-cost Robo Advisor

Wisebanyan is going with a "free" service and upselling extras. I don't forsee it going well unless their costs are actually low. I do have an account with them and 4 other robos.

> (that actually produces real returns) in existence?

You mean for the VCs? dunno.

For customers? Of course. Most are just index funds. If the market is up then they all had real returns. Did you mean real returns in excess of some alternative? Depends on the alternative.