Should I go with the DBS digiportfolio or other roboadvisors?

Hi all, I’m deciding between the dbs digiportfolio or other roboadvisors like stashaway. Looking at the fees and the management style, it seems like digiportfolio has a lower fees and there is also the added benefit of the dbs investment team assisting in rebalancing the portfolio every quarter. Am I missing something here or is the digiportfolio really “better”? Thank you all.

Syfe StashAway UOB Stash Account DBS digiPortfolio

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YT

03 Oct 2020

There are some differences, but not limited to:

Fees

Low fees are important since they can erode your returns over the long term. There are platforms with cheaper fees than 0.75% (digiPortfolio) such as Kristal.Ai (free), AutoWealth (0.5%+18USD) and Syfe/Endowus (0.6%)

Custody

Having the assets in your name can give you the assurance that the investment will not be lost or hard to recuperate if the company goes under (See: Smartly). For digiPortfolio, your holdings are held under the custody of DBS (though the risk is lower for a local bank). Platforms such as Endowus and AutoWealth have individually separated custodian accounts for your investments.

Minimum Starting Capital

DigiPortfolio has a minimum starting requirement of USD/SGD $1000. This, while low, may not be suitable for everyone especially for those just starting out or has lesser capital. Platforms like StashAway and Syfe does not have a minimum starting amount.

Rebalancing

It is a common feature of most portfolios to ensure the portfolio maintain it's allocated weightage.

Customisability

With digiPortfolio, the funds you (can) invest in are fixed. There is no autonomy for investment based on your preference and beliefs. Platform such as Kristal.Ai allows users to purchase funds and create their own porfolio.

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