You can ask anything related to Smartly here.

About Smartly

Smartly started in the year 2015 by ex start-up professional, Keir Veskivali and investment analyst, Artur Luhaar. It is a service in collaboration with VCG Partners Pte ltd.

Method of investing for Smartly

Smartly adopts a Modern Portfolio Theory (MPT) consisting of ETFs.

This allows their portfolio to capture the global stock markets. Investing in Smartly also gives investor an exposure to bonds and real estate.

Minimum investment and fees for Smartly

Smartly allows investors to open an account with an investment of just S$50 per month.

They also charge investors a fee of 0.5% to 1% per year, on top of the underlying ETF fees incurred by the ETF providers. The underlying fees by these providers is about 0.1% to 0.25% per year.

  • For investments less than S$10,000, there is a fee of 1% per year.
  • For investments over S$10,000, the fee is at 0.7% per year.
  • For investments above S$100,000, the fee is at 0.5% per year.

    Don't forget to leave your feedback on Smartly here!

  • Asked by Anonymous

    Samuel Rhee
    Samuel Rhee, Chief Investment Officer at Endowus
    Level 4. Prodigy
    Updated 30m ago
    Dear Anonymous, This is a great question and Endowus has reviewed the pros and cons of accessing various products and we believe that the most efficient way to access certain asset classes or funds is through a third option - Irish UCITS Funds(Unit trusts). I have seen many comparisons but nobody has really delved into the key issues in detail. Because they normally compare the US ETFs vs Irish UCITS ETFs or UCITS ETFs vs UCITS funds. I will review the pros and cons of the respective fund vehicles below; 1. US ETFs on the surface look good as they have lower fees and have narrow bid-ask spreads but this is more than offset by the huge witholding tax that it is subject to (For example, if dividends are 3% then you will be charged 1% which dwarfs any benefits of lower fees/narrow bid ask spreads). Recouping taxes is notoriously difficult as the money is co-mingled (meaning the dollar invested is not in your name and the tax refund is not specific to you) - you only get partial refund and you have to wait a long time after the money has been deducted to get a refund and God forbid you take your money out from the platform before the refund comes through as you may never get it back. 2. Irish UCITS ETFs simply solves the tax issue but on the other hand you have less choice in terms of ETFs, the bid-ask spread is quite wide as liquidity is poor, and finally the fees are higher as they tend to be smaller in scale and scale vs cost is directly and inversely correlated. However, you can bypass the bid-ask spread issue by accessing them through market makers at a small fee at NAV (this is the actual price/value of the fund = and please remember ETFs are funds as well but they are just listed to provide intraday liquidity and readily tradeable. This is a key point I elaborate on later). 3. UCITS Funds. Apart from the fact that these funds are tax-efficient like the UCITS ETFs, they also have no bid-ask spread. NONE AT ALL. This is because you can buy/sell it at the actual NAV. Even US ETFs have bid-ask spreads and some US ETFs are very wide at times. The whole point of ETFs and the reason they have bid-ask spreads is because it is exchange traded. If we trade US or UCITS ETFs from Singapore then we normally trade only once a day so it defeats the whole purpose of using ETFs which is supposed to provide live intraday liquidity. They trade once a day and provide liquidity once a day. So there is no benefit to ETFs other than the other factors focused on cost, which on balance including tax and FX risk, they lose out on. We are not taking advantage of the most important aspect of why ETFs exist. Furthermore, for UCITS funds, because you are buying at NAV at daily liquidity there is no additional cost of transaction and no need to inefficiently fractionalize shares(llike ETFs) as you can invest to the cent at NAV price. Finally, these funds have a broader choice than UCITS ETFs and they tend to be at scale much cheaper in terms of total costs. There is also another important factor that many people don't discuss as much as taxes, and that is the impact of FX on risk and returns. We pursposefully build and access UCITS funds denominated in SGD or Singapore dollar hedged products in the case of fixed income products. Whereas you are taking FX risk with US or other ETFs, which involves additional costs. This is a big additional benefit to accessing the products through Irish UCITS fund structures. So if you combine all of that, UCITS Funds from the likes of PIMCO and Dimensional that Endowus uses, are in fact the most cost-efficient, tax-efficient vehicles and removes completely any FX risk. Thereby allowing you to invest your Singapore dollar savings as a Singapore based investors with peace of mind. Thank you! Yours Sincerely, Sam
  • Asked by Low Rui Jia

    Eddy Cheong
    Eddy Cheong
    Level 2. Rookie
    Answered 1d ago
    Thank you, Low Rui Jia, for your question. I will answer it in the following way. (1) Who is recommended to invest? Basically anybody who needs to grow wealth should invest so that money works harder than leaving as bank deposits. But before investing, you should be financially healthy, just like you need to be physically healthy to run a marathon. A good financially health means having sufficient emergency fund, avoiding excessive debts and getting major protection risks covered, put you on a firm foundation that strengthen your ability to stay invested in the long term. (2) You should stay invested in the long term For a successful investing experience, staying invested is necessary in order to capture long term market return. While there will always be short term fluctuations, stock markets go up in the long run because of higher corporate earnings driven by demand of goods and services due to growing global population and rising affluence. But staying invested during market volatility is difficult because of human nature. Even though our HEAD knows that (1) there will always be short term market fluctuation, (2) markets always recover and (3) markets go up in the long term, our HEART usually fails to follow through, resulting in missed investing opportunities. (3) A Trusted Adviser Hence it is important to seek good advice and invest with those you can trust. Trust means trustworthy, competent, and one who is able to journey with you to help you stay on course through turbulent times in order to reap the benefits of investing. MoneyOwl believes in this philosophy of trust and competency.. Even though we have a few robos (insurance, will-writing, investment), we called ourselves as bionic adviser. By bionic, it means we combine the precision of technology with the wisdom of human advisers to give you the advice you need. On top of that, our conflict-free salaried advisers are there to risk coach and help you understand how markets work and encourage you to stay invested. It may interest you to know that MoneyOwl is a JV between 2 trusted brands - NTUC Enterprise and Providend. NTUC is a household name that has been around for decades, to serve ordinary working families and help everyone stretch the hard-earned dollar. Providend is the first fee-only, conflict-free independent financial adviser in Singapore since 2003, known for its best-in-class expertise and ethical advisory practice. We are thus confident to bring our services to the Singapore mass market, with this unique parentage that brings a combination of mission and expertise.
  • Asked by Anonymous

    Gabriel Tham
    Gabriel Tham, Kenichi Tag Team Member at Tag Team
    Top Contributor

    Top Contributor (Apr)

    Level 8. Wizard
    Answered 5d ago
    Regular investing into smartly/roboadvisor is good. But your idea of withdrawing it to pay insurance premium is not. Investments will fluctuate and by withdrawing the investments at its downturn point would actually hurt the portfolio returns in the long term. If you need the daily savings to pay off insurance premiums, you should put it into a bank deposit or Singapore savings bonds. Just withdraw the singapore savings bonds 1 month before the premium due date.
  • Asked by Anonymous

    Christopher Tan
    Christopher Tan, Executive Director at MoneyOwl Private limited
    Level 6. Master
    Answered 3w ago
    Dear Anonymous Thank you for your question. Allow me to repost my answer to one of the questions here. Estate duty has been abolished for all assets in Singapore, whether they are movable and immovable. However, if one holds assets such as ETFs who are domiciled in a country that has estate duty such as USA, and especially so if they are custodised with that country‘s custodian, things can be complex. For MoneyOwl, the underlying instruments in our portfolios are UCITS Dimensional funds domiciled in Ireland. These funds are registered in Singapore and custodised in Singapore (iFAST). In addition, to make it even simpler, Ireland do not have estate duty. So investors do not have to pay estate duty. MoneyOwl’s parent company, Providend has been advising clients in this area for the past 18 years and since estate duty was abolished, it is their experience that clients who have unfortunately passed on did not have to pay estate duty for UCITS Funds domiciled in Ireland too. Estate duty was removed effective 15 February 2008 for Singapore. As a long term investor, it is natural that one fears that estate duty will be reinstated during the course of their investment. Before it was abolished, the estate duty charged on dutiable assets (after exemptions) was 1. 5% of the market value of the assets for the first $12 million 2. 10% of the market value of the assets that exceed $12 million What are the chances of estate duty being introduced again? It is anyone‘s guess but if we look at how much revenue it contributed to the government when it was still in place, it was a mere 0.6%. Besides, for those that would be estate dutiable (usually the very wealthy), there are many ways for them to mitigate and not pay estate duty. This is compared to the advantages of removing estate duty, specifically encouraging the wealthy to keep their wealth here and foreigners to transfer their wealth here. All these benefit Singapore. To understand more about the rationale behind the abolishment of estate duty back in 2008, you may like to read DPM Tharman’s Speech here: Hope this clarifies and give some assurances.
  • Asked by Isaac Cheang

    Amanda Ong
    Amanda Ong, Head Of Client Engagement & Pr at Stashaway
    Level 3. Wonderkid
    Answered 2w ago
    Hi Issac, Thank you for your question! We believe that investment returns should be looked at in the medium-to-long term, and that’s why we have never really shouted about our returns so far. We are however, not shy about talking about returns, and answering to our clients’ request in July 2018, we shared our performance publicly through our First Year Anniversary email. If you’ve attended one of our StashAway Academy seminars or sent in a WhatsApp to our support and asked about our returns, we’ve probably shared those numbers with you then as well. Our clients can also check their returns on a daily basis inside the StashAway App. On performance, we generally recommend clients to have a look at our long-term backtested results on our website instead. The reason is that this actually "stress tests" our portfolios across several market corrections, economic recessions and across a much longer investment timeline. For example, it shows you how we would have performed in the Global Financial Crisis in 2008, and our portfolios' drawdown versus a benchmark. StashAway Portfolios vs same-risk Benchmarks You cannot talk about returns, without first talking about risk: it’s very easy to increase short-term returns by increasing risk, if you get lucky! Below I have attached the returns for our lowest risk portfolio, for a balanced portfolio, and for our highest risk portfolio since inception, as well as in 2018. These are 6.5%, 14% and 36% StashAway Risk Index, respectively. The StashAway Risk Index is how we classify our portfolios. In itself, it is a measure of risk (Value-at-Risk at 99%) and you can read more about what it means here. We use public benchmarks to measure our performance on a “same-risk” basis. We base the benchmarks on 2 indices: the MSCI World Equity Index and the FTSE World Government Bond Index. The benchmark chosen for each portfolio is comprised of a mixture of world equity and world bond indices that have generated the same average volatility to the relevant StashAway portfolio between the 1st of January 2007 and the 31st of December 2017. This time period was chosen in July 2018 and we will periodically review it from the risk perspective. More importantly, this time period captures a range of economic scenarios and market conditions, such as the Global Financial Crisis in 2008, the European Market routs of 2011 and the taper tantrums of 2015, together with a long bull market. For example, the table above shows that the StashAway Risk Index (SRI) 6.5% portfolio has the same risk as a 10% MSCI World Equity Index and 90% FTSE Government Bond Index portfolio, the SRI 14% portfolio is equivalent to 40% MSCI World Equity Index and 60% FTSE Government Bond Index portfolio and, the 36% portfolio has the same volatility of the MSCI World Equity Index. Since inception on 19 July 2017, our portfolios have outperformed significantly their respective same-risk benchmarks at all risk points. Our lowest risk portfolio in particular, has returned 4pp more than its benchmark, the 14% SRI portfolio has overperformed a 40%-60% portfolio by 3.1pp and our highest risk portfolio has made 5.6pp more than the MSCI Equity World.This good performance is the outcome of intelligent diversification. The above table shows cumulative returns in a 21.5-month period, which means that annualized returns of the 3 StashAway portfolios have been 3.2%, 5.2% and 11.3%, from lowest risk to highest risk respectively. As requested, I have also shared below our returns and thoughts on 2018. 2018 was a negative market for most asset classes globally. In volatile times like this it’s important to have diversified portfolios to reduce losses, and it’s very positive to keep investing in order to benefit from “low prices”. If you have been a client of StashAway during 2018, you might remember that we wrote several times that the February, October and December market losses were temporary corrections, and we recommended to stick to one’s plan. The below table does not take into account the benefits of dollar-cost-averaging, as it assumes a lump sum investment on the 1st of January 2018. In 2018, the SRI 6.5% portfolio showed losses against its same-risk benchmark (1.9pp worse performance), while our 14% SRI balanced portfolio (equivalent to 40% equity, 60% bond portfolio) and our highest risk portfolio outperformed its same risk-benchmark by 0.7pp and 3.9pp respectively. Overall, clients who read our CIO Newsletter and watch our Weekly Market Commentary , already know Freddy’s advice to not overreact, and to stick to their investment plan. Those clients would have seen a great recovery year to date in 2019. When looking at returns, we believe it is important to consider a long-term horizon. Over the short term, market ups and downs are inevitable. If in 2018 the volatility of your portfolio(s) kept you up at night, perhaps it is time to relook the risk level you have selected and whether it is in line with your risk appetite. I will leave you with an excerpt from our latest CIO Newsletter: “Today, on the other side of the same coin, we cannot emphasise enough how important it is not to get over-excited about amazing returns YTD, to stay invested, and to keep dollar-cost-averaging by sticking to your plans. Don’t try to “sell at the peak”, but also don’t bet the house on the fact that the rally will continue. Just stick to your plan.”. You can read the full article here. See Important Notice & Standard Disclaimer at
  • Asked by Anonymous

  • Asked by Anonymous

  • Asked by Anonymous

    Tai Zhi
    Tai Zhi, Chief Investment Officer at Autowealth
    Level 3. Wonderkid
    Answered 3w ago
    Since 2001 when world data was first available. This would have covered many market cycles and crises including the 2001 Dot-Com bubble, 2003 SARS epidemic, 2008 GFC, 2010 Euro Debt Crisis I, 2011 Euro Debt Crisis II, 2015/16 China meltdown. The backtesting is carried out to provide scientific basis for our return & risk projections. That said, we strongly urge you to assess our actual investment returns which are published and updated on our website This practice of publishing investment returns is a reflection of our confidence to deliver superior returns and also a reflection of our values to provide transparency. We note that we are the first in the robo-advisory space and the only one to do this.
  • Asked by Chen Zhirong

    Chuin Ting Weber
    Chuin Ting Weber
    Level 5. Genius
    Answered 3w ago
    HI Zhirong, I didn't have a chance to answer your question at the live question session yesterday night, partly because it gave me pause and actually a little moved -- that you would ask us robo/bionic advisers, coming to market a relatively new business model, about our ideal customer; when surely it is our job to ask you, what you wish to see in your advisor and how we can journey with you in a way that really adds value to your life. For MoneyOwl, our purpose is really getting advice right for the ordinary man in the street so that every family can have a plan for sufficiency in retirement, adequant protection against the things that can destroy this plan, from a holistic viewpoint, and enough buffers for peace of mind and give the stretch to that hard-earned dollar. For some customers, this would mean investing in a way that has little guesswork. For others, it could mean just sorting out or saving through CPF without having to buy any products or even invest with us. Yet for others who need it, just budgeting advice and saving into instruments like the Singapore Savings Bond. Perhaps our perspective is a little different because we are not just doing investing, but comprehensive advice.
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