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Tan Choong Hwee
04 Jul 2021
Solutions Specialist at Providend
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Gonna echo the prev answer haha. Can’t talk about the future for robo cos I’m not too well versed in all that. But for withdrawal, I’d say it’s when your portfolios become pretty big. Robo fees are based on a certain percentage of your portfolio value, so the more money you have there, the more you’ll feel the pinch. Then DIY becomes the best option.
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Jay L
04 Jul 2021
Millennial at some company
Perhaps further customisation based on individual's preference, such as ESG portfolios.
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As far as I can tell, all robo advisors will try to expand their product offerings, refine their investment strategies, implement more user-controlled fine tuning, etc. They will continue to innovate and grow their business.
To me, access/platform/management fees are just park of the investment cost. As long as the portfolio is performing well net off all cost, I will still stay with my robo advisors' portfolios. I will only withdraw if they change their investment strategies to something I disagree with, or when I need to raise cash.