23 Jul 2020
I am considering investing in one of the 3 robos: Stashaway, Syfe and Endowus.
I came across this article.
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?
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.
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