Anonymous

13 May 2020

∙

What actually happened to Smartly? When they closed what happened to all their investors, did they have to liquidate their investments?

I'm curious to find out how the process will take place in case my robo-advisor goes through something similar as well. Do the custodian shares get transferred to another Robo-Advisor or get redeemed?

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Related Posts

Smartly closed down previously. What might happen if the same thing happened to other Robo advisor (SYFE)? Will investor be forced to liquidate our shares?

What happens to investors money in Smartly, the Robo-advisor that closed down in March 2020?

What happens if a fund such as iShares S&P or the Vanguard S&P closes down? Will it be liquidated completely and transferred back to our account? Or do we lose the amount invested in that fund?

What happen to our funds if the roboadvisor close down during bad recession and our invested value are at an all time low, will all the funds be sold or we still hold on to the ETF/funds invested?

Smartly recently closed - what is within Endowus that fortifies it against this happening as well? Does Endowus have the same risks that Smartly had? What is the fundamental difference bet the two?