Advertisement

Anonymous

01 Sep 2020

∙

I am currently doing DCA with a few robo Advisors to try out their UIs and after being at it for a while, I would like to consolidate to just one robo advisor. How do I consolidate my investments with Robo-Advisors from 2 of them to 1?

Should I slowly liquidate my investments from one robo to the other one which I wish to continue my DCA with, or just proceed to liquidate all from one robo and do a lump sum invest into the robo which I wish to continue my DCA with? The amount which I need to move over is around $5000. Thanks!

3

Discussion (3)

What are your thoughts?

Learn how to style your text

Richard Phua

01 Sep 2020

I think you should take note that if you are going to consolidate, I would sell and buy back immediately. Or otherwise, consider increasing DCA amount.

Reply

Save

Lee John

10 Aug 2020

Sell off from one, and transfer the money over to the other.

Reply

Save

View 1 replies

Write your thoughts

Related Posts

Is it ok to invest using multiple robo-advisors or better to stick to maybe just 1 (or max 2) ? I am a new investor and have currently invested into 3 robo-advisors. What are your thoughts?

Would like to ask which robo-advisor platform is better? As this is my first time investing and currently I just start working. Planning to do monthly $100 investment but I have no clue which platform?

I am currently deciding to invest using a robo-advisor and would appreciate if those currently using robo-advisors can share your various considerations in choosing your advisor?

With large investible assets (3M+), should we diversify them across different robo-advisors or consider consolidate them under one robo-advisor or even consider private banking for personalized fund?

Hi Community, if I have $100 USD to invest each month, would it be better to invest in a S&P500 ETF or a Robo-Advisor portfolio like Syfe?

Related Products

Endowus

4.8

655 Reviews

Endowus Cash Investments Portfolio

Equities, Bonds

INSTRUMENTS

0.25% to 0.60%

ANNUAL MANAGEMENT FEE

$1,000

MINIMUM INVESTMENT

N/A

EXPECTED ANNUAL RETURN

Web and Mobile App

PLATFORMS

StashAway

4.7

1289 Reviews

Saxo Markets

4.5

954 Reviews

Related Posts

Is it ok to invest using multiple robo-advisors or better to stick to maybe just 1 (or max 2) ? I am a new investor and have currently invested into 3 robo-advisors. What are your thoughts?

Would like to ask which robo-advisor platform is better? As this is my first time investing and currently I just start working. Planning to do monthly $100 investment but I have no clue which platform?

I am currently deciding to invest using a robo-advisor and would appreciate if those currently using robo-advisors can share your various considerations in choosing your advisor?

With large investible assets (3M+), should we diversify them across different robo-advisors or consider consolidate them under one robo-advisor or even consider private banking for personalized fund?

Hi Community, if I have $100 USD to invest each month, would it be better to invest in a S&P500 ETF or a Robo-Advisor portfolio like Syfe?

Advertisement