To robo advisors, can the advisory fee be reduced for subsequent years?

Dear Anonymous,

Sin Ting here from Endowus. We will definitely continue to work hard to lower your all-in costs. As we grow in scale, we want to try to lower our advisory fees as well as work with the fund management companies to lower their expense ratios.
Also as Gabriel mentioned below, we have a referral program as well where you can get a fee discount if you refer friends. The fees for our cash portfolios are tiered (not stacked), and advisory fees are lower for larger AUM sizes.

Probably with more RA entering into this space we will see a fall in management fees.

StashAway at 0.80%, DBS at 0.75%, Syfe at 0.65%.

My guess is that it will come down to around 0.30% - 0.40% in a couple of years time.

My take is that RA makes sense if you have limited capital for investing. E.g. only ready to commit less than 10k to own a portfolio.

Once you have more than $30 - $50k for your investment portfolio, might make sense to buy your own ETF. (can always reference from the RA portfolios).