Would the Robo-advisors count Robinhood, who raised a huge sum recently to go international, as a potential competitor?

Answers from the panel!

Dhruv (Syfe): From what we understand of Robinhood right now, their model is very different. They are more targeted at individuals who want to actively select and choose, while most of us are targeted at the passive side of investment. At the moment, I do not see them as a potential competitor.

Sam (Endowus): There will be a trend of consolidation, and people will start moving into each other's turf. Robinhood will go on to robo services and provide wealth, Grab will provide wealth, insurance and so on. Other financial players will also come in. It will be a mess but everyone is going to have a broad spectrum of services to meet the needs of the clients. So we will always meet the clients' investing needs. Endowus is flexible, we do not have immediate plans but we will not write that off because strategically it makes sense, and even better if we can integrate them all.

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