facebookWhat is the future for all robo advisors? Building more different types of portfolios?, When would be a good time you recommend someone to withdraw from a Robo advisor? - Seedly
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What is the future for all robo advisors? Building more different types of portfolios?, When would be a good time you recommend someone to withdraw from a Robo advisor?

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    What are your thoughts?

    Tan Choong Hwee

    Tan Choong Hwee

    3w ago

    Level 14·Investor/Trader at Home

    As far as I can tell, all robo advisors will try to expand their product offerings, refine their investment strategies, implement more user-controlled fine tuning, etc. They will continue to innovate and grow their business.

    To me, access/platform/management fees are just park of the investment cost. As long as the portfolio is performing well net off all cost, I will still stay with my robo advisors' portfolios. I will only withdraw if they change their investment strategies to something I disagree with, or when I need to raise cash.

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      Gonna echo the prev answer haha. Can’t talk about the future for robo cos I’m not too well versed in all that. But for withdrawal, I’d say it’s when your portfolios become pretty big. Robo fees are based on a certain percentage of your portfolio value, so the more money you have there, the more you’ll feel the pinch. Then DIY becomes the best option.

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        Jay L

        Jay L

        3w ago

        Level 6·Millennial at some company

        Perhaps further customisation based on individual's preference, such as ESG portfolios.

        On withdraw...

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