Top Robo-Advisory Platforms in Singapore

Are you interested in learning more about the top robo-advisory platforms in Singapore?

Well, you’re in luck because we’ve put together a comprehensive blog post that covers everything you need to know about these platforms.

In this blog post, we’ll be discussing the benefits of robo-advisory platforms, such as low fees and minimum investment amounts, as well as the algorithmic technology that they use to create personalized investment portfolios based on your financial situation and risk tolerance.

We’ll also be taking a closer look at some of the most popular robo-advisory platforms in Singapore, including StashAway, Syfe, and Endowus, among others.

Whether you’re a seasoned investor or just starting out, this blog post will provide you with valuable insights into the robo-advisory industry in Singapore and help you make an informed decision on which platform to choose.

So, sit back, grab a cup of coffee, and let’s dive into the world of robo-advisory platforms in Singapore!

Robo-advisors: A Brief history

Formerly rare, now trending: Robo-advisors now feature broad adoption within many Investment Management holdings.

Multiple traditional brokers now offer available online advice subsidiaries, including Vanguard, Charles Schwab, Fidelity, or E-Trade. Independent firms like Betterment, Wealthfront just joined in.

Such firms now deliver financial advice catered to public needs, billing minimal management charges over consultations which were formerly accessible to exclusive upper-end clients: offerings including tailored asset allocation, instant rebalancing, or tax-loss collection.

Suppose you seek to jump upon this rising bandwagon, an initial move is considering what virtual advisor fits your needs best.

Featuring a heavily competitive industry, containing choices which span between full automation — robo-advisors fulfilling all real functions  of such positions — or hybrids that mix IT algorithms along human financial advisors supplementing.

For further details, rules, ponder the following demands:

Management charges

Robo-advisors usually bill some yearly management charges arising from calculations of some proportion of the investment sums.

When firm charges total to 0.25% every annum, one foots $25 for the $10,000 balance. Each dollar one submits for bills are certain balances excluding sums gained from investment profits.

Virtual Advisor management charges span over zero — with special mention of: Axos Invest or Charles Schwab Intelligent Portfolios —reaching 1%, despite the increased common charge being 0.25% to 0.50%.

Certain advisors, including Wealthfront or SigFig, oversee some portions of your investments without charges. Suppose one holds just a minor sum for investment, one could consider investing here.

Robo-advisors widely exclude billing account termination charges; hence one could usually shift one’s investments upon one’s balance allowing one to obtain lower charges elsewhere.

Robo-Advisor Platform	DBS Bank
Specialty	digiPortfolio is a hassle-free, ready-made investment portfolio that offers the perfect match of human expertise and robo-technology. With it, you have an instant, cost-effective way to grow and protect your wealth through regional or global diversification. digiPortfolio is coded to automate processes such as back-testing, rebalancing, and monitoring, yielding returns. Services: Investment portfolio, robo-technology, global diversification, quality portfolios, asset allocation
Pricing	Request a quotation: karenngui@dbs.com
Website	www.dbs.com
Address	12 Marina Boulevard #46-02/03 DBS Asia Central @ Marina Bay Financial Centre Tower 3 Singapore 018982
Telephone	+65-68788888
Opening hours	10 am to 5.30 pm
Review 1	had to come down to put in a credit card application because I had issues doing it online. was helped by Dennis – he was super nice & friendly :, ) the process was very fast as well! thank you for the smooth experience 🙂
Review 2	4 months ago Came here to apply for the physical token as we have difficulty with the digital token access. We Have tried to settle this issue via ibanking and via app with no success. Came to this branch and did not have to join the main queue as there is a video-tele machine that do that really fast.
Review 3	7 months ago Excellent service, fast respond, staff is very helpful and friendly. The video machine teller can solve almost all issue in 5mins. Really fast and efficient 👍🏻👍🏻👍🏻👍🏻

Robo-Advisor Platform	OCBC
Specialty	OCBC Robo Invest: 34 portfolios across 6 markets for a range of risk appetites. Receive updates on portfolio rebalancing opportunities as market changes. 24/7 accessibility to your investments from anywhere with Digital Banking. Invest from as low as US$100, without the need to open a securities/ custodian account, yielding returns. Services: 34 portfolios, risk management, OCBC RoboInvest, wealth management, full or partial withdrawals
Pricing	Request a quotation: contactus@ocbc.com
Website	https://www.ocbc.com/
Address	ION Orchard Mall, 2 Orchard Turn, #B2-57, 238801
Telephone	+1800 363 3333
Opening hours	11 am to 7 pm
Review 1	The person that helped me is very patient and responsible
Review 2	3 months ago Very nice and well organise bank
Review 3	2 years ago Very good service! Today I came just before the branch closed, but the officer in row 15 happily helped me to open an account. He even apologized for the long process, which is I think quite fast actually. Hope the service is maintained and getting better.

Robo-Advisor Platform	SMU
Specialty	The rise of artificial intelligence (AI) is changing the face of business and radically transforming the living today. First of its kind in Singapore and Southeast Asia, the AI track is a direct response to these growing trends, groom the next generation of AI talents, able to build AI tools. Services: Artificial intelligence, Master of IT in Business, Digital Transformation, Financial Technology, Data Analytics
Pricing	Request a quotation:mitb@smu.edu.sg
Website	http://www.smu.edu.sg/MITB
Address	Singapore Management University 81 Victoria Street Singapore 188065
Telephone	+65 6828 0100
Opening hours	9 am to 6 pm
Review 1	A premier university in Asia, the Singapore Management University (SMU) is internationally recognised for its world-class research and distinguished teaching. Singapore Management University offers undergraduate, postgraduate, professional, and specialized degree programs in a wide range of subjects that allows students to choose among the various courses according to their area of interest. The subjects of study offered at the university include business management, accounting, and economics. It is a great place to study.
Review 2	3 months ago Great university.
Review 3	My daughter did her exchange program here for a semester and she’s so proud of this school. It taught her a lot and introduced her to new friends. I visited the place and it is a great place to learn in.

Services on demand

Thus, what are reasons for not employing Axos or Charles Schwab Intelligent Portfolios, as services waive extra charges?

Possible reasons that are cited owe to charges taking up just some portion of available online advisor operations.

One may seek to ponder general services that advisors deliver, certain of these hold some capacity to enhance your profits, these can contribute fully to all fee differences, contrasting fees.

Instant rebalancing, tax-loss collection or portfolio dividing based on individual goals or risk threshold always remain fixed. Alternative services could remain pegged to respective advisors.

To consider, Wealthfront delivers immediate indexing for sums holding $100,000 and beyond, that permits some possible greater tax profits through investing within personal securities.

Acorns connects personal credit or debit cards for consolidation of personal spending, investing balance sums within the robo-advisor-supervised portfolio.

Also, Betterment holds some behavioral cash emphasis, holding much of goal-based tools tailored to encourage one to increase savings. Certain robos provide Socially conscious investing choices, that could spur positive, beneficial ripples upon the community as one invests.

Robot versus Human counselling

Also, you have advisors which supplement adopted computer advising with actual living humans, alternating between some versions of the rostered charter of financial advisors which rotates for every call made or through assigning clients appointed advisors.

The latter option, as one could see, usually costs much more.

Suppose connecting to some human advisor remains a personal priority, ponder, weigh between latter companies, that encompass Personal Capital, Facet Wealth, Vanguard personal advisor services, Charles Schwab intelligent advisory or Betterment.

Typically, one foots some bill sections so as to access hybrid services, perhaps receive access to obtain bonus features.

Personal Capital, to consider, charges 0.89%, also delivering clients added $200,000 or added 2 designated financial advisors. Alternate clients receive support from a team.

General qualifications that advisors hold vary- certain advisors are still certified investment counsellors, some full-fledged credentialed financial counsellors — thus try to wisely weigh choices or consider even trying out any robo-advisor, digital robot counsellor.

Think, moreover, about subsequent fees or type of access granted that is limited.  Betterment holds 2 human-augmented fee bands, to consider, with just one allowing users unlimited access.

Investment choices:

Such companies remain in early stages, insufficient to assess precisely for viability.

Such operate nearly all within the bull market, so all excess profits ranking one advisor over others might just arise from general asset classes that advisors have invested in more, in place of extended long gains of profits.

(Also, at hand are other reasons robo profits in performance are just one factor considered.)

Still, one may evaluate general investment choices the advisor provides.

One method is through examining fully the spending proportions for such investments.

Such charges are channeled to investment fund holdings — general index funds or exchange-traded funds taken with personal portfolio — excluding assigned robo-advisor, still in certain instances these remain one or just similar.

To consider, an outfit that holds proprietary funds, inclusive of Vanguard, Charles Schwab, or Fidelity, are more likely to employ some of funds within the robo-advisor portfolios.

Individual goals are to keep such spending proportions as small as possible.

Many robo-advisors invest only with exchange-traded funds, employing spending proportions that just tally under 0.20%.

To assess online advisors, consider fully all tallied costs — management charges with average expense proportions — for getting the complete idea of content that spills over from one’s purse.

One might just see the overall set of asset classes covered in the portfolios used, also total percentage for individual investment converted to cash.

One may see such information on the robo-advisor’s webpage, upon reaching sign-up steps or through contacting the advisor personally.

Suppose one does not desire investing into ETFs, view the online advisors which provide greater customization of Customer portfolios, including Vanguard Personal Advisor Services or Personal Capital.

Minimum amounts

Online advisors require account minimum deposits starting from just $0 and reaching up to   $100000, thus this remains the core part of general consideration factors.

Suppose you begin anew; one may seek to engage some advisors excluding a fixed minimum.

Overall, with increased levels of personalized service, including some assigned financial advisor, the greater the minimum starting investment.

Robo Advisor: Costs in Singapore

StashAway: Reputed with big AUM and trending. No minimum investment needed.

Fees trend within the higher bands for minor investment sums. Income Portfolio demands a minimum of $10,000.

Syfe: Syfe employs the Automated Risk-managed Investments (ARI) procedure, instantly switching portfolios to stretch yields.

AutoWealth: AutoWealth portfolios include equity, bonds via index-tracking ETFs listed upon (NYSE), NASDAQ.

FAQs About Top Robo-Advisory Platforms in Singapore

Robo-advisory platforms have become increasingly popular in Singapore in recent years.

They offer investors an alternative to traditional financial advisors, allowing them to invest their money at a lower cost and with greater convenience.

In this blog post, we’ll be answering some of the most frequently asked questions about robo-advisory platforms in Singapore.

Q: What is robo-advisory?

Robo-advisory is a digital platform that provides automated investment management services with little to no human intervention.

These platforms typically use algorithms and data analytics to analyze your investment goals, risk tolerance, and financial situation to create a personalized investment portfolio that fits your needs.

The process is fully automated, which means that you don’t have to meet with a financial advisor in person.

Q: How do robo-advisory platforms work?

A: When you sign up for a robo-advisory platform, you’ll be asked to complete a questionnaire that asks about your investment goals, risk tolerance, and financial situation.

Based on your answers, the platform will create a personalized investment portfolio for you. The platform will then automatically invest your money in a range of assets, such as stocks, bonds, and ETFs.

The platform will also automatically rebalance your portfolio over time to ensure that it stays in line with your investment goals and risk tolerance.

Q: What are the benefits of robo-advisory?

A: One of the main benefits of robo-advisory is that it’s much cheaper than traditional financial advisors.

Robo-advisory platforms typically charge lower fees and have lower minimum investment amounts, which makes investing more accessible to the average person.

Additionally, robo-advisory platforms offer a high level of convenience, as you can manage your investments from anywhere with an internet connection.

Q: What are the risks of robo-advisory?

A: As with any investment, there are risks associated with robo-advisory.

One of the main risks is that the algorithms used by robo-advisory platforms may not perform as expected, which could result in losses. Additionally, robo-advisory platforms may not take into account all of your individual circumstances, such as tax considerations or unique financial goals.

Q: What are some of the top robo-advisory platforms in Singapore?

A: Some of the top robo-advisory platforms in Singapore include StashAway, Syfe, and Endowus. T

hese platforms have gained popularity due to their user-friendly interfaces, low fees, diversified investment portfolios, and sophisticated algorithms that provide personalized recommendations.

Q: What are the fees associated with robo-advisory platforms?

A: The fees associated with robo-advisory platforms vary depending on the platform you choose. Generally, robo-advisory platforms charge a management fee that is based on a percentage of your total assets under management.

The fee typically ranges from 0.25% to 0.75% per year.

Q: Is robo-advisory right for me?

A: Whether robo-advisory is right for you depends on your individual circumstances. If you’re looking for a low-cost, convenient way to invest your money and don’t require a high level of customization, robo-advisory may be a good option for you.

However, if you have complex financial needs or require a more hands-on approach to investing, you may want to consider working with a traditional financial advisor instead.

Robo-advisory platforms offer investors an attractive alternative to traditional financial advisors. They provide personalized investment portfolios at a lower cost and with greater convenience.

Q: How do I get started with a robo-advisory platform?

A: To get started with a robo-advisory platform, you’ll typically need to create an account and complete a questionnaire that asks about your investment goals, risk tolerance, and financial situation.

Once you’ve completed the questionnaire, the platform will create a personalized investment portfolio for you.

Q: How often should I review my investment portfolio?

A: It’s important to review your investment portfolio regularly to ensure that it’s still in line with your investment goals and risk tolerance.

Most robo-advisory platforms offer automatic rebalancing, which means that your portfolio will be adjusted over time to ensure that it stays in line with your goals.

However, it’s still a good idea to review your portfolio periodically to make sure that it’s performing as expected.

Q: What happens if the robo-advisory platform goes out of business?

A: If the robo-advisory platform goes out of business, your investments will still be held in custody by a third-party custodian, which means that you’ll still own your investments.

You may need to transfer your investments to another platform, but your investments will not be lost.

Q: How does robo-advisory differ from self-directed investing?

A: Self-directed investing involves selecting and managing your own investments without the assistance of a financial advisor or robo-advisory platform.

With robo-advisory, you receive personalized investment recommendations and your investments are managed automatically.

Q: Can I invest in individual stocks using a robo-advisory platform?

A: Most robo-advisory platforms invest in a range of assets, including stocks, bonds, and ETFs.

However, they typically do not allow you to invest in individual stocks.

If you’re interested in investing in individual stocks, you may want to consider a self-directed investing platform instead.

Q: How does robo-advisory impact tax considerations?

A: Robo-advisory platforms may take into account tax considerations when creating your investment portfolio, but they may not be able to provide customized tax advice.

It’s important to consult with a tax professional if you have specific tax considerations.

Q: Can I withdraw my money from a robo-advisory platform at any time?

A: Most robo-advisory platforms allow you to withdraw your money at any time, but there may be fees associated with early withdrawals.

It’s important to review the platform’s terms and conditions before investing.

Q: How does robo-advisory differ from mutual funds?

A: Mutual funds are professionally managed investment portfolios that are typically offered by financial institutions.

Robo-advisory platforms use algorithms to create personalized investment portfolios that are managed automatically.

Q: Can I have multiple robo-advisory accounts?

A: Yes, you can have multiple robo-advisory accounts with different platforms.

However, it’s important to ensure that your overall investment portfolio is diversified and in line with your investment goals and risk tolerance.

Q: How secure are robo-advisory platforms?

A: Robo-advisory platforms typically use advanced security measures, such as encryption and two-factor authentication, to protect your personal and financial information.

It’s important to choose a reputable platform that has a strong track record of security and privacy.

Q: How does robo-advisory handle market volatility?

A: Robo-advisory platforms are designed to automatically adjust your portfolio based on market conditions.

When there is market volatility, the platform may rebalance your portfolio to ensure that it remains in line with your investment goals and risk tolerance.

Q: Can I set up recurring investments with a robo-advisory platform?

A: Yes, most robo-advisory platforms allow you to set up recurring investments on a weekly, monthly, or quarterly basis.

This can help you to build your investment portfolio over time without having to worry about manually making deposits.

Q: How much does it cost to use a robo-advisory platform?

A: The cost of using a robo-advisory platform can vary depending on the platform and the amount of money you have invested.

Some platforms charge a flat fee, while others charge a percentage of your assets under management. It’s important to review the platform’s fees before investing.

Q: Are there any minimum investment amounts for robo-advisory platforms?

A: Yes, most robo-advisory platforms have a minimum investment amount.

This can range from a few hundred dollars to several thousand dollars. It’s important to review the platform’s minimum investment requirements before investing.

Q: How does robo-advisory compare to traditional financial advisors?

A: Robo-advisory platforms are often less expensive than traditional financial advisors and offer automated investment management.

However, they may not provide the same level of personalized advice or investment options as traditional advisors.

Q: Can I use robo-advisory for retirement planning?

A: Yes, many robo-advisory platforms offer retirement planning services, such as individual retirement accounts (IRAs) and 401(k) rollovers.

These services can help you to save for retirement and manage your investments over time.

Q: How does robo-advisory impact my overall financial plan?

A: Robo-advisory can be a useful tool for managing your investments, but it’s important to ensure that it’s part of a comprehensive financial plan.

This may include other financial goals, such as saving for a down payment on a home or paying off debt.

Q: How does robo-advisory handle socially responsible investing?

A: Some robo-advisory platforms offer socially responsible investing options, which allow you to invest in companies that align with your values.

This may include companies that prioritize environmental sustainability, social justice, or other causes.

Q: How does robo-advisory handle currency exchange rates?

A: If you’re investing in assets denominated in different currencies, the robo-advisory platform may take currency exchange rates into account when managing your portfolio.

This can help to mitigate the impact of currency fluctuations on your investments.