Which robo-advisor (StashAway, AutoWealth, Smartly) is better for a beginner? - Seedly

Robo-Advisors

Smartly

Autowealth

Stashaway

Investments

Asked by Anonymous

Asked on 29 Jun 2018

Which robo-advisor (StashAway, AutoWealth, Smartly) is better for a beginner?

I'm planning to invest $500 monthly

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Answers (3)

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HC Tang
HC Tang
Top Contributor

Top Contributor (Jun)

Level 8. Wizard
Answered on 02 Jul 2018

Seedly crew has spend their time did a good comparison:

https://blog.seedly.sg/singapore-robo-advisor-investment-comparison/

Next, read user unbiased review at:

https://seedly.sg/reviews/robo-advisors

it provides a very good usage and history / practical review.

The banks Robo are new and coming soon but not sure how good it is , can also wait for them to come out and then read review to decide later.

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Gabriel Lee
Gabriel Lee
Level 6. Master
Answered on 30 Jun 2018

Hi, I would recommend StashAway since it charges the lowest fees (0.8%) for investments under S$10k. Also, they have a mobile applicaiton so it makes it easier for you to monitor your portfolio anytime. Smartly charges 1% for investments under S$10k while AutoWeatlh charges a flat 0.5% + 18 USD, take note that AutoWeatlh requires a minimum of S$3000 to get started. Please refer to this article from Seedly for a comparison between the 3 robo-advisors - https://blog.seedly.sg/singapore-robo-advisor-investment-comparison/

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Tai Zhi
Tai Zhi
Level 4. Prodigy
Updated on 07 Jun 2019

Hi friend,

Below is a guide "What to consider when choosing a Robo-Advisor". The guide is designed to be objective and free from bias. It summarises important factors to consider when choosing a Robo-Advisor.

https://www.autowealth.sg//blog//how_to_choose_a_robo_advisor_infographics.php

Disclaimer: I work for AutoWealth and would be happy to take your feedback, if there is any!

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Veronique A Dawson
Veronique A Dawson

17 Apr 2019

Tai Zhi, hoping there is an app soon.