facebookCan Stashaway sell your units without your authorization? - Seedly

Anonymous

25 Jun 2020

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Robo-Advisors

Can Stashaway sell your units without your authorization?

I just started my monthly RSP with Stashaway during the March drop. I set the auto deductionon the 12th of every month. However, last week I noticed that while my money was injected to buy new units, there was also a small sell order for 2 ETFs that I did not authorize for. Upon calling them to enquire, they told me this is normal and part of the process of buying fractional shares where sometimes in order to fulfil a withdrawal order, they randomly pick users to sell small units to fulfil

Discussion (3)

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??? Are u ref to reoptimisation??

if u opted for reopt, then when at needed times, they will make adjustment to your portfolio by selling and buying

if not dont opt for reopt.

else they need your approval

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