Excellent! ROSHI has found 11 Robo-Advisors that suit your criteria.
Phillip SMART Portfolio
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CONNECT
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UTRADE Robo
On UTRADE's website
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AutoWealth
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OCBC RoboInvest
On OCBC's website
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SquirrelSave
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StashAway
On StashAway's website
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Syfe
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Once you open an account, you’ll need to to provide your personal details and investment goals. Following this, you’ll need to deposit your initial investment amount.
With all this information, your provider will determine where and how to invest, offering you investments that match your chosen parameters.
The first thing you will want to consider is the annual fees. Every platform has a different set of fees. Usually, these will vary from 0.25% to 1%. Fees may also be higher for smaller or larger investments.
On top of this, you also need to look into minimum investment and risk options for each platform. If they do not match your investment goals, there’s no point in opening an account with them.
Finally, ensure to read customer reviews .
Provider | Perks | |
---|---|---|
StashAway | Deep Analysis of Economic Cycles | |
AutoWealh | Diversified Investment Strategy | |
Syfe | ETF Portfolios | |
Endowus | Lowest fees |
Most commonly, providers invest in a mix of commodities, bonds, ETFs and stocks. Each platform has a different set of asset classes that they work with.
Most platforms go with ETFs as they are easier to invest in. Your robo advisor can create quite a substantial portfolio using them, making it easier for you to invest safely.
The advantage of unit trusts is that they are controlled by professional fund managers, which likely gives you higher returns.
It’s an electronic advice investment service. It uses a machine learning algorithm to provide this advice. The service offers free maintenance for your investment portfolio. The program will calculate your ideal investment strategy via your financial goals and risk level.
General fees & minimum investments as follows:
Yes, they are regulated by MAS. They are required to be licensed with SFA or FAA. MAS tries their best not to slow down this developing industry.
Most platforms can be licensed as long as the board contains at least several experienced members. However, they will have limited investment options if they do not provide all requirements.
You could go through a typical brokerage firm, a financial advisor, or your bank. These tend to be more expensive so consider moving your investments to a robo advisor.
They are best for people aiming at smaller investments who have a basic understanding of different assets classes and investments types.
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Why invest through robo-advisors when we can buy ETFs directly?
The rise of Robo Advisors has its benefits. The fees are relatively lower and traditional banks have launched their own robos as well. Their convenience makes them a good entry stage for new investors to have a good idea of asset allocation and what are the common used ETFs and funds by the professionals. Having someone do the allocation for you makes it easier to start investing, and easier to stay invested.
Stashaway vs AutoWealth?
There are slight differences between each robo advisor, more than just the costs. StashAway is good for large investments while AutoWealth has a dedicated wealth manager assigned to each user. So the choice is really up to you, based on your needs.
Have about $2500 to invest in stocks every month. Which one should I go into if I’m not familiar with investing?
Hello Kevin, just a humble suggestion: Robo Advisors. They are a good starting point for people who are interested in investing.
Robos – What’s good?
The rise of Robo Advisors has its benefits.The fees are relatively lower and traditional banks have launched their own robos as well. Their convenience makes them a good entry stage for new investors to have a good idea of asset allocation and what are the common used ETFs and funds by the professionals.
Keep up the fantastic piece of work, I read few blog posts on this site and I believe that your website is rattling interesting and holds bands of fantastic information.
Thanks Zortilonrel! Happy to know that you like our content, we strive to provide financial tips to improve audience overall financial literacy.
Should I give Robo Advisors a shot?
Hi Randy, the rise of Robo Advisors has its benefits.The fees are relatively lower and traditional banks have launched their own robos as well. Their convenience makes them a good entry stage for new investors to have a good idea of asset allocation and what are the common used ETFs and funds by the professionals. Hope it helps!