facebookRobo Advisors ads seems to be missing. Is my investment still safe with them? - Seedly

Alvin Lee

01 Jun 2023

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Robo-Advisors

Robo Advisors ads seems to be missing. Is my investment still safe with them?

Discussion (14)

What are your thoughts?

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I did check with the platform that I parked my money with. They say my monies is safe as they are in some custodian account, which they cannot access to withdraw funds.

Now that you mentioned, it sounds abit true. but the funds are usually held in your name (custodian?) so should be ok?

I believe it is still safe! They may have lesser ads but they still churn out newletters for e.g Stashaway & Syfe. Those are somewhat indicators that your portfolio or the company is still active.

Well, to be frank, these days, whatever platforms that are approved by MAS doesn't mean they are 100% save, considering there are cases that says otherwise.

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However, no ads means fishy. It could be the case where they are actually well known enough and they are earning enough that they might not need as much ads as usual.

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Hope this answers

It may mean difficult time is coming. Need to tight belt to tide through....

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