For Vikas and Taizhi, how safe are P2P investing and Robo advisors respectively? - Seedly
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Anonymous

Asked on 02 Mar 2019

For Vikas and Taizhi, how safe are P2P investing and Robo advisors respectively?

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Tai Zhi
Tai Zhi, Chief Investment Officer at Autowealth
Level 6. Master
Answered on 05 Mar 2019

To address your concerns about asset security/safeguards, robo-advisors are required by law to hold clients' assets and monies through a third-party MAS-licensed custodian/trustee. In the unforeseen event the robo-advisor ceases operations, clients assets and monies are still safely held at the third-party custodian/trustee.

AutoWealth offers an even higher level of safeguard by opening personal segregated custody accounts for each individual investor in his/her legal name so that the legal ownership is 100% clear and the investor can claim his/her assets from the custodian directly.

This is fundamentally different from the "ONE omnibus custody/trustee account holding ALL clients assets" arrangement for other robo-advisors which may expose the investor to a lengthy court process to claim back the assets.

You may check out this link for other frequently asked questions: https://www.autowealth.sg/faq.php

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