Moore has a suggestion that can save you some management fees: "There's a lot of robo-advisors where there's a very little fee or no fee at all." A robo-advisor is AI that asks you a set of questions about your goals and your tolerance for risk then uses an algorithm to recommend investments.
"For the average investor who's just getting started, a robo-advisor is great," Moore said. "I'm a financial advisor with a master's degree, and I use robo-advisors for myself."
She noted that accounts associated with robo-advisors often have lower minimums than accounts managed by humans. Some have no minimums, so you can start building your portfolio with a small monthly investment.
Nerdwallet has a list of the top robo-advisors for 2018.