Asked by Anonymous
Asked on 24 Aug 2018
Fees, minimum investment & ETFs
Fees (From 1.5 to 1%) are slightly higher as compared to StashAway (From 0.8 to 0.2%), Smartly (From 1% to 0.5%) and AutoWealth (Flat 0.5% + USD 18) depending on the amount that you're investing.
OCBC's RoboInvest requires at least $3.5k, Smartly ($50), StashAway ($1), AutoWealth ($3k).
OCBC's RoboInvest ETFs has a wide array of choices from different industries/categories and markets while for the other players, you just choose the risk index and the ETFs available have been pre-allocated/chosen.
Refer to Seedly's comparison between the 3 robo-advisors, namely, StashAway, Smartly and AutoWealth https://www.google.com.sg/amp/s/blog.seedly.sg/singapore-robo-advisor-investment-comparison/amp/