Smartly - Seedly
Seedly logo
 

Smartly

Questions answered
  • Recent Activity
  • Unanswered
  • Trending

MoneyOwl

Investments

Online Brokerages

Robo-Advisors

Smartly

I'm interested in MoneyOwl’s Dimensional Fund offerings. However, how safe are the funds?
N
Ninja
Level 6. Master
Answered 1d ago
Why invest in moneyowl? Did u see the fees on top of the fund fees?
👍 1

Robo-Advisors

REITs

Smartly

Investments

Stocks Discussion

Online Brokerages

What are your thoughts about RoboAdvisors and the recent shutdown of Smartly? Is there a RoboAdvisor for REITs?
Andy Sim
Andy Sim, HR Professional at a Financial Institution
Level 7. Grand Master
Answered 5d ago
Hi Thumelen, there is definitely a risk of a roboadvisor shutting down for whatsoever reason, heck investments in itself also have risks. But in order to grow one's wealth, these risks are necessary. But ofc to reduce these risks, you have to do the necessary due diligence. When I compare robo-advisors, I usually look at the reviews, how long have they been in the market, how have they performed, are their investment methodology aligned to mind, have they been listening to their customers and improving their products etc. After tonnes of researching, reading reviews, watching webinars etc, I then decided to try my hand out with Syfe's 100% Reits portfolio as a way of diversification into the Reits market (which coincidentally is what you are also looking for). Syfe hasn't been in the market for v long but their customer service, the team, their investment methodology, their products and the way they kept engaging potential customers through regular webinars are what led me to choose them. Yes there may be risk of any robos closing but it's a risk I'm willing to take as I can see them staying for the long term. Disclaimer: I'm not working for Syfe but do have a look at their Website. If you ever need a referral code feel free to use mine SRPRVU3QF :)
👍 0

SeedlyTV S2E04

Robo-Advisors

Investments

Smartly

Why did the Smartly Robo-advisor close down? Anyone knows what happened and will there be more to come?
Gabriel Tham
Gabriel Tham, Tag Team Member at Kenichi Tag Team
Level 9. God of Wisdom
Answered on 24 Mar 2020
Just received an email from Smartly: Thank you for investing with Smartly. We are writing to inform you that we have taken the difficult decision to cease Smartly’s operations in Singapore. As you may know, competition in the digital investment advisory space is intense and maintaining a high service standard on the platform has been challenging. Despite initially contemplating core platform improvements, strategic corporate considerations by our parent company, VinaCapital Group Ltd, ultimately guided our decision. Smartly is a brand of VCG Partners Pte. Ltd. (“VCG”), which is regulated by the Monetary Authority of Singapore (“MAS”). Accordingly, VCG has notified MAS of its decision to cease Smartly’s operations. Please note that no action is required on your part, although do note that you will no longer be able to log in to your Smartly account from 18th April 2020 onwards, which also coincides with the official date of your account closure. Should you desire to receive digital advice from another service provider, we have reached an agreement with Asia Wealth Platform Pte Ltd (AWP); which has kindly agreed to offer Smartly customers a 50% management fee discount for the first 6 months, up to the first SGD50,000 invested for new customers on its StashAway platform. Please click on this link if you are interested in opening an account to be entitled to this offer, which is valid until the end of April 2020. Please note in relation to the above special promotion with AWP, VCG is not permitted to give advice on the suitability of any related investment product or market any collective investment scheme as an introducer and AWP is the party giving advice on its Stashaway Platform. VCG may be remunerated by AWP for each referred customer that proceeds to invest on the StashAway Platform. VCG will disclose the amount of the referral remuneration it receives from AWP in respect of your referral if requested by you. If you have questions about any of the above or another matter(s) relating to your account, please contact us at [email protected](mailto:[email protected]) or via telephone at +65 6332 9081 / +65 6332 9084. Once again, we appreciate the trust you placed in Smartly and wish you continued success as you invest for your future. Yours sincerely, Richard Martin, Head of Operations VCG Partners Pte. Ltd.
👍 4

Syfe

Robo-Advisors

Investments

Smartly

Will SYFE ever have a downfall like Smartly?
Kenneth Lou
Kenneth Lou
Level 9. God of Wisdom
Answered 3w ago
Hey friend! I personally hope not as well. However, having studied this space for a while since the Robo wave started in Singapore for around 3 to 4 years now, I feel that Syfe should be in a decent place to compete on a level with the better robo-advisors. Also if you read the reviews they have been getting and recent traction with their REITs+ and REITs portfolios, I feel there is more and more consumer confidence. If you look at the team setup, funding and the custodian funds setup like they currently have, I feel it would be a good base to continue to grow from there. So my personal take is that this is unlikely to follow the same fate. I personally hope!
👍 5

Robo-Advisors

AutoWealth

StashAway

Kristal.AI

Syfe

SquirrelSave

Endowus

Investments

Smartly

In the event of bankruptcies, in spite of precautionary measures, can investors not liquidate their assets, just like how Smartly investors were forced to by circumstances?
Frankie Aufhauser-Rappaport
Frankie Aufhauser-Rappaport
Top Contributor

Top Contributor (May)

Level 9. God of Wisdom
Answered 3w ago
Then You would have marktet timing, which more or less is impossible. And You'll never know where and when to re-enter the market the same. Better make optimum asset allocation before investing, and avoid single stocks and Mutual Funds/Unit Trusts completely. more ideas here: https://seedly.sg/questions/what-is-your-general-investing-philosophy-strategy
👍 0

Investments

StashAway

Endowus

MoneyOwl

Smartly

After what happened with Smartly, should I be worried about my portfolio with other Robo-advisors?
Justin Tan
Justin Tan
Level 3. Wonderkid
Answered on 31 Mar 2020
Hi, We understand your concerns. To give a short introduction - MoneyOwl is more than just a roboadvisor. We are a bionic advisory firm in that we combine the precision of technology in the form of a roboadvisory platform with human wisdom from our team of salaried, conflict free advisers. For MoneyOwl, besides our insurance bionic advisory, digital will writing service and investment services, we also recently launched our comprehensive financial advisory service that incorporates CPF Planning. So in truth, we are a bionic comprehensive financial advisory firm. At MoneyOwl, we are confident to bring our services to our clients not just because we believe we have the right investment philosophy and process to deliver results to our clients, we have the right people and resources behind the technology. In the unlikely event that MoneyOwl ceases operations, your investment holdings will not be affected as it is held in a trust account under our custodian’s iFAST – client trust account. We also do not use fractional ETFs in our portfolios. MoneyOwl is licensed by MAS as a fund management company, we have to adhere to strict risk based capital adequacy requirements and are required to report this to our regulators on a quarterly basis. Our regulators also have in place a recovery and resolution plan to ensure that recovery and resolution actions are taken in a timely and orderly manner as and when the need arises. MoneyOwl in many ways is not a "pure start up". We are a JV between NTUC Enterprise as well as Providend. We have been around for decades. NTUC in particular is a trusted household Singapore brand. Providend has championed conflict-free advice for the last 2 decades. We would like to reassure you we are here to stay and committed to our clients.
👍 5

Smartly

Robo-Advisors

Investments

Stocks Discussion

Just received an email from Smartly that they are ceasing operations in Singapore and advice to withdraw all the money out before 27th April 2020. Should I wait or withdraw now?
WeiLun Moy
WeiLun Moy
Level 2. Rookie
Updated on 24 Mar 2020
No one will know what will happen within the next 1 month. For other robo investing platform, they could continue to employ DCA method to buy when the market is low (currently). But due to the closure of smartly, I am afraid that you can't explore that option. Hence, it is your decision to make whether to cut lost now, or withdraw in 1 month time (hoping that the value will increase).
👍 1

Investments

Smartly

What is happening at Smartly?
N
Ninja
Level 6. Master
Answered on 19 Mar 2020
Not sure but i have friends who cannot get their deposits back when they stop it and they cannot sell their current portfolio now too. Not sure for the rest or if it’s true but this two friends told me that.
👍 0

Stocks Discussion

Investments

Robo-Advisors

OCBC RoboInvest

StashAway

AutoWealth

Smartly

Syfe

Endowus

Kristal.AI

DBS digiPortfolio

SquirrelSave

Phillip SMART Portfolio

UTRADE Robo

What are the reviews of robo-investors such as OCBC RoboInvest and StashAway?
CJ
Cynthia Jasmin
Level 6. Master
Answered on 18 Mar 2020
Hi There, you can alco check the review on Kristal.AI here https://seedly.sg/reviews/robo-advisors/kristal-ai Kristal aso provides you with investment advice via its propietary algorithm within minuets to create a personilized investment portfolio. Which is designed sepicifically to meet your investment requirements and investor profile. You can be advised as much as you need. There's also ZERO fees for your first $50,000 investment. Hope this helps, Cynthia
👍 3

Investments

Smartly

ETF

Stocks Discussion

Should I sell my ETFs in Smartly, or wait for the market to recover?
Hi Anon, Investments are for the long term, markets will fluctunate, but in time they will recover and your investments along with it. It would be wiser to stay invested, and you will see returns in the long run
👍 0
Load more questions