Advertisement
Anonymous
2
Discussion (2)
Learn how to style your text
Reply
Save
Hariz Arthur Maloy
15 Apr 2019
Independent Financial Advisor at Promiseland Independent
Explicit costs, most probably. Even if both platforms use the same underlying instruments, robos would charge lower AUA fees especially for bigger portfolios.
However, implicit cost, maybe not. Human advisors can add value by coaching you to stay invested and giving suggestions to top up your investments during a bear market, while robos won't really stop you if you panic and exit your positions.
Sometimes the latter can be a bigger reason for your overall portfolio gains.
Reply
Save
Write your thoughts
Related Articles
Related Posts
Related Products
4.7
1293 Reviews
StashAway Simple Guaranteed 3.55% p.a. (Guaranteed rate)
Cash Management
INSTRUMENTS
None
ANNUAL MANAGEMENT FEE
None
MINIMUM INVESTMENT
3.5%
EXPECTED ANNUAL RETURN
Mobile App
PLATFORMS
4.7
659 Reviews
4.6
933 Reviews
Related Posts
Advertisement
Hello!
Here is a blog post by seedly comparing roboadvisor and financial advisor!
https://blog.seedly.sg/choosing-a-financial-adv...
Typically, roboadvisors are known to be cheaper due to the low management fees (many 0.50% or less) and low account minimums. This is great for millennials or people on tight budgets who cannot ordinarilty afford to invest.