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Anonymous

15 Oct 2019

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Is there a chance if the robo-advisor shut down? (e.g. StashAway)?

Planning to setup a savings/retirement account with StashAway. What are the chances of them shutting down etc?

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Bryan C.

11 Oct 2019

Hi Anon!

I think that any bank will face that risk but often, robo-advisors have their client's investments kept with their custodian banks. For kristal.AI, they partner with Interactive Brokers and Saxo Capital Markets to facilitate the investment activities related to the different types of Investment Accounts a client may have. You can visit their website at https://solutions.kristal.ai/seedlypost

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Gabriel Tham

07 Jun 2019

Tag Team Member at Kenichi Tag Team

Any company face the same risk, even SG banks. But as long as our investments are kept seperate and custodised, it should be safer.

https://www.stashaway.sg/faq/115003747047-what-...

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