Anonymous
Should I go for a robo-advisor that holds my investment custodised in my own name or is it ok to go for one co-mingled with other client's assets?
I am considering investing in one of the 3 robos: Stashaway, Syfe and Endowus.
I came across this article.
https://endowus.com/insights/4-points-to-consid...
It states it's safer if my investment assets are custodised in my own name.
I know this is the case for Endowus. It is not explicitly stated on Stashaway and Syfe's websites. Hence, can I assume that the custodian accounts are not in client's name?
Is Endowus indeed safer?
1
Discussion (1)
Learn how to style your text
Shengshi Chiam, CFA
23 Jul 2020
Personal Finance Lead at Endowus
Reply
Save
Write your thoughts
Related Articles
Related Posts
Related Products
StashAway
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
Endowus
4.7
656 Reviews
Syfe
4.6
930 Reviews
Related Posts
Hi Anon,
Great question, I think ultimately we have to consider
How much we are putting in with the platform
How risk adverse we are
What happens to the robo/platform when the company goes bust
In our case we have securred with UOB kayhian to allow you to hold on to your investments at the same fees, so that you can liquidate as and when you want.
Read more about how we keep your assets safe here.