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I know people who do.. rather than keep in one basket.
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Edward Chong
01 Dec 2025
Full time business research fellow at NUS
No, too confusing if too many
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Pros - some risk management (different platforms, in case one collapses), but check whether the underlying investments are the same
Cons - troublesome, difficult to track, hard to get a sense of your consolidated portfolio, can result in more fees.
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It’s possible to use multiple robo-advisors, but it’s good to check if their portfolios overlap too ...
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If you're using multiple roboasvisors for diversification, might be cheaper to buy a few index funds yourself to save on the fees