Tan Wei Ming, Founder and Writer at Frugal Youth Invests
Posted on 08 Jul 2020
Noted that the fee structure of robo advisors is by assets under management, I would say that it is unwise to have many robo advisors and should stick to just 1 or 2 robo advisors that serve different purpose of your needs.
Next, review your robo-advisors' portfolio to see if there's any overlap in sectors, geographical location. I would recommend keeping the robo advisors that are more diversified.
11 Jul 2020
Thanks for your reply. I have invested into Stashaway global portfolios and also, SYFE various portfolios like global, reits & equity 100. Am also, about to invest in Autowealth. Which one's you think i shud stop using amongst these ? sorry am very new to investing.
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