I'm current user of StashAway for almost 1 year now. Learned about and quite like the approach of newer players - Endowus and Syfe. Should I move or be a multiple user?

Hey Anon, I think it's more of a personal choice as to whether you want to use multiple robos for different purposes or just stick to one. You can also pick the robo based on their product offering, e.g. Endowus for globally diversified low-cost funds, Syfe for SG REITs, Stashaway for ETFs for US & KWEB (China tech) exposure.

But for me, I would prefer to stick to one or two robos, i.e. instead of having small sums in different robos, consolidate the funds together (larger capital) and let it compound better. Moreover, I feel that each robo itself is already pretty diversified so there isn't a need to further over-diversify.

I'm currently using Endowus and AutoWealth, and one of the reasons is because both robos will open a custodian account to hold the assets in my own name, legally. This means that my funds are not co-mingled with other clients and in the event the robo collapse, there will be lesser complications, e.g. not having to sell the funds at an untimely period (Case study - Smartly). Although I think that robos are here to stay, no one can reassure this. Thus, having a custodian account gives me a sense of security and reassurance. In any case, I'd highly recommend Endowus for low-cost and SGD-based funds (no exposure to FX volatility). I was sharing with my friend about Endowus a couple of days back and he was totally sold and signed up for an account after that.​​​

I would do DCA into all of them if I had the funds. However if you are young, you would want to just focus on one or two robos so you won't overstretch monthly finances. I would recommend StashAway and Syfe. StashAway gives you a good exposure to the international market while Syfe gives you exposure to the Singapore REIT market, where you can reap the benefits from the high yielding dividend players here.

Hope this helps 😀

I was in a similar situation as you. I decided to use more platforms instead of moving my cash around. Moving the cash takes time and I rather just leave them invested. It's not as if StashAway is doing poorly.

You can use the platforms however you wish as long as you remain disciplined and are aware of the investment risks you signed up for (each platform has their set of holdings and defines risk in a slightly different way).

Hi Anon,

It does not matter whether the investment is in unit trust or ETF, what matters is

1. the underlying investments that you are holding on to - does it give you adequate diversification to give you the best change of success over the long term?

2. are you using a platform that is convenient for you?

3. are your investment managed consistently for you?

When you invest in Endowus, you are invested in a portfolio that is according to your risk appetite. Our portfolios are broadly diversified, for equities we are invested in 10,000+ companies for Cash and SRS equities portfolio and we have the most diversified equities portfolio in CPF investing.

You can access CPF, SRS and Cash investments through our platform, and you also have access to cash management solutions like Endowus Cash Smart.

The funds' allocation is managed based on your approved target asset allocation spread, and not dynamically adjusted/managed by us based on our short term market views.

And more importantly, all of your hard-earned assets are held in your own legal name, securely at UOB Kayhian. Hope this answers your questions!​​​