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Anonymous

11 Jul 2020

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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?

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Amanda Daria

06 Apr 2023

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Tan Wei Ming

08 Jul 2020

Founder and Writer at Frugal Youth Invests

Noted that the fee structure of robo advisors is by assets under management, I would say that it is unwise to have many robo advisors and should stick to just 1 or 2 robo advisors that serve different purpose of your needs.

Next, review your robo-advisors' portfolio to see if there's any overlap in sectors, geographical location. I would recommend keeping the robo advisors that are more diversified.

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As a new investor, should I purchase ETFs using POSB invest-saver or using Robo-advisors (Stashaway/Smartly)? If I use robo advisors, will the returns be lesser/affected due to currency impact?

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?

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1) What are the robo-advisors' stand on US Estate Tax? 2) How has it impacted the robo-advisors in terms of funds selection for portfolio construction? 3) Why is your strategy (with respect to US Estate Tax) superior to the other robo-advisors?

Do you invest via multiple robo-advisors or do you just stick with one? If you are the former, how and why do you diversify across the multiple robos?

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