When and how should I switch out of roboadvisors?

I started my investment journey 8 years ago with roboadvisors to gain exposure and investment confidence, and a couple of years ago started using brokers like moomoo. Today, I am allocating funds towards both my roboadvisor and my moomoo.

However, I came to the realisation that the fees of my roboadvisor had became rather significant, especially when it is a recurring percentage of the total AUM (roboadvisor portfolio). I am thinking of DIY into etf, etc via moomoo, which will reduce my fees drastically, and stopping my roboadvisor.

I will like to ask:

When is the right time to stop my roboadvisor?
Should I keep my roboadvisor portfolio, letting it remain there, or sell them off?
If I'm to sell off, how should I go about doing so? Full amount immediately, reverse DCA, or any other strategies that I don't know about?

Looking forward to everyone's response.

Thanks in advance.

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Shirley

4h ago

Switch out once the robo’s convenience is no longer worth the ongoing AUM fee, then pause contributions, build your ETF plan first, and transfer over in stages so you avoid making a rushed all-or-nothing decision

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Debbie

4h ago

If you are already comfortable DIY-ing through Moomoo and can replicate your robo portfolio with low-cost ETFs, I would stop new robo contributions first, compare fees/tax/market exposure, then either leave the existing portfolio or sell gradually only if it no longer fits your long-term plan.

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I.L.

Edited 4h ago

#Not proper financial advice.

Personally, like my old ILP, the best time to terminate/sell is now, especially when the market is rallying. Waiting for too long, the market could crash, the fees could eat up more profit.

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shans

2d ago

Usually people switch out of roboadvisors once they’re comfortable managing ETFs themselves and want to reduce fees. A gradual transition (instead of selling everything at once) is often preferred to manage risk and avoid emotional decisions. https://fnaf1game.io

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