Difference 1: Investment Style
Autowealth seeks to track the MSCI All-Country World Index/MSCI World Index and the FTSE World Government Bond Index, a more passive strategy. On the other hand, StashAway employs their own strategy called ERAA which you can read more about here. It is essentially an all-weather portfolio, and the portfolio may be re-balanced depending on the economic climate.
If you prefer a more passive strategy, then perhaps Autowealth is for you. Otherwise, you can consider StashAway.
Difference 2: Starting Capital
Autowealth: SGD3,000
StashAway: No minimum
Difference 3: Custodian account vs Co-mingled assets
Autowealth: A custodian account with Saxo will be opened under your name.
StashAway: Your funds will be co-mingled with others.
The custodian account that is opened under your own name gives an additional layer of security. Additionally, even if Autowealth were to go bust, your ETFs will not be liquidated. If you prefer StashAway, you also need to be okay with the way your assets are managed.
Difference 4: Fees
Autowealth: 0.5% + 18USD
StashAway: 0.2% - 0.8%
Conclusion
As to which robo-advisor is a better option, it really depends on your preference. What investment style do you prefer? How do you want your assets to be managed? Do you have enough capital? Are you okay with the fees?
I initially invested in StashAway as my minimum capital was small. Later on, I decided to switch to Autowealth because I preferred its passive strategy and I felt more assured knowing that a custodian account will be opened under my name. This is despite the fact that I would be paying lesser fees with StashAway.
I didn't mention anything about performance because past performance is not an indicator of future performance. Both robo-advisors would probably yield satisfactory returns, so I prefer looking at other aspects to determine which I was more comfortable with.
DISCLAIMER: Opinions expressed here are my own. This does not constitute financial advice. Do your own due diligence.
Difference 1: Investment Style
Autowealth seeks to track the MSCI All-Country World Index/MSCI World Index and the FTSE World Government Bond Index, a more passive strategy. On the other hand, StashAway employs their own strategy called ERAA which you can read more about here. It is essentially an all-weather portfolio, and the portfolio may be re-balanced depending on the economic climate.
If you prefer a more passive strategy, then perhaps Autowealth is for you. Otherwise, you can consider StashAway.
Difference 2: Starting Capital
Autowealth: SGD3,000
StashAway: No minimum
Difference 3: Custodian account vs Co-mingled assets
Autowealth: A custodian account with Saxo will be opened under your name.
StashAway: Your funds will be co-mingled with others.
The custodian account that is opened under your own name gives an additional layer of security. Additionally, even if Autowealth were to go bust, your ETFs will not be liquidated. If you prefer StashAway, you also need to be okay with the way your assets are managed.
Difference 4: Fees
Autowealth: 0.5% + 18USD
StashAway: 0.2% - 0.8%
Conclusion
As to which robo-advisor is a better option, it really depends on your preference. What investment style do you prefer? How do you want your assets to be managed? Do you have enough capital? Are you okay with the fees?
I initially invested in StashAway as my minimum capital was small. Later on, I decided to switch to Autowealth because I preferred its passive strategy and I felt more assured knowing that a custodian account will be opened under my name. This is despite the fact that I would be paying lesser fees with StashAway.
I didn't mention anything about performance because past performance is not an indicator of future performance. Both robo-advisors would probably yield satisfactory returns, so I prefer looking at other aspects to determine which I was more comfortable with.
DISCLAIMER: Opinions expressed here are my own. This does not constitute financial advice. Do your own due diligence.