Which is the best Robo Advisor to put my money with? - Seedly
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Ed Cheongster

Asked 2w ago

Which is the best Robo Advisor to put my money with?

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Kevin Seah
Kevin Seah
Level 5. Genius
Answered 2w ago

If there is one I would recommend, I would say StashAway. Been with for close to a year and is performing well. StashAway invests more in the international market rather than focusing on the US hence it is one of the more well-diversified robo-advisors out there. Furthermore, it is pretty cost-efficient coming in at 0.8% fees when you are starting out and 0.2% when you hit a million (that's huge).

You can check out Syfe's Global Portfolio too. Another worthy contender!

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Julia
Julia

2w ago

What is your risk index set for StashAway? Do you have just one portfolio with them or multiple?
Kevin Seah
Kevin Seah

2w ago

I set mine to the highest, which is 36%. However, it all boils down to your own risk appetite. For me, I believe we should leverage on equity growth when we are still young to maximise our returns. I only use one portfolio btw, I feel it's better to focus all my funds into one portfolio I believe can grow well into the future. You can have one high risk and one of a lower risk if you want to diversify into the bond market to hedge against equity volatility. Hope this helps!
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Hi Ed Cheongster, may I know what do you mean by "best" as it could be subjective?

If you are looking for real user reviews on the robos based on criteria such as the highest rated, you can check out Seedly's review site at https://seedly.sg/reviews/robo-advisors. We also have a SeedlyTV episode on the different robos here: https://www.youtube.com/watch?v=L7Kj3iMK7cM

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Yang Teng
Yang Teng
Top Contributor

Top Contributor (Aug)

Level 9. God of Wisdom
Updated 2w ago

There isn't the best roboadvisor per se. It depends on your needs.

There are considerations such as fees, custodian/comingled account, type of securities, mode of investment, fractional investment, minimum investment sum, customisability, etc. More detailed comparison here: https://blog.seedly.sg/singapore-robo-advisor-investment-comparison/

You then have to make a decision on which platform is able to satisfy your objective most.

For example, if my top priority is security then I may go with a roboadvisor with individual custodian account such as AutoWealth and Endowus. If no minimum fees is the top priority, the StashAway and Syfe may be more suitable.

There may be some clashes between your top few priorities and you will then have to decide on the trade-offs.​​​

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