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Best Robo-Advisors in Singapore 2024

Find your ideal robo-advisor in Singapore on Seedly. Our reviews compare different features, fees, and user-friendliness to help you manage your investments with ease.Updated June 2024

15 Products Found

    StashAway

    4.7

    1293 Reviews

    Slide 1 of 9

    StashAway Simple Guaranteed 3.55% p.a. (Guaranteed rate)

    Cash Management

    INSTRUMENTS

    None

    ANNUAL MANAGEMENT FEE

    None

    MINIMUM INVESTMENT

    3.5%

    EXPECTED ANNUAL RETURN

    Mobile App

    PLATFORMS

    StashAway Simple Plus 4.6% to 5% p.a. (Projected rate)

    Cash Management

    INSTRUMENTS

    0.2% p.a.

    ANNUAL MANAGEMENT FEE

    None

    MINIMUM INVESTMENT

    4.6-5%

    EXPECTED ANNUAL RETURN

    Mobile App

    PLATFORMS

    StashAway Simple (projected rate of 3.5% p.a.)

    Cash Management

    INSTRUMENTS

    0.15% p.a.

    ANNUAL MANAGEMENT FEE

    None

    MINIMUM INVESTMENT

    3.5%

    EXPECTED ANNUAL RETURN

    Web and Mobile App

    PLATFORMS

    Flexible Portfolios

    ETFs, Equities, Bonds

    INSTRUMENTS

    0.2% to 0.8% p.a. l 0.3% p.a. for Single ETF portfolio)

    ANNUAL MANAGEMENT FEE

    None

    MINIMUM INVESTMENT

    N/A

    EXPECTED ANNUAL RETURN

    Mobile App

    PLATFORMS

    General Investing powered by StashAway

    ETFs, Equities, Bonds

    INSTRUMENTS

    0.2% to 0.8% p.a.

    ANNUAL MANAGEMENT FEE

    None

    MINIMUM INVESTMENT

    N/A

    EXPECTED ANNUAL RETURN

    Web and Mobile App

    PLATFORMS

    ESG Portfolio

    ETFs, Equities, Bonds

    INSTRUMENTS

    0.2% to 0.8% p.a.

    ANNUAL MANAGEMENT FEE

    None

    MINIMUM INVESTMENT

    N/A

    EXPECTED ANNUAL RETURN

    Mobile App

    PLATFORMS

    General Investing powered by BlackRock®

    ETFs, Equities, Bonds

    INSTRUMENTS

    0.2% to 0.8% p.a.

    ANNUAL MANAGEMENT FEE

    None

    MINIMUM INVESTMENT

    N/A

    EXPECTED ANNUAL RETURN

    Mobile App

    PLATFORMS

    Thematic Portfolios

    ETFs, Equities, Bonds

    INSTRUMENTS

    0.2% to 0.8% p.a.

    ANNUAL MANAGEMENT FEE

    None

    MINIMUM INVESTMENT

    N/A

    EXPECTED ANNUAL RETURN

    Mobile App

    PLATFORMS

    Income Portfolios

    ETFs, Equities, Bonds

    INSTRUMENTS

    0.2% to 0.8% p.a.

    ANNUAL MANAGEMENT FEE

    None

    MINIMUM INVESTMENT

    N/A

    EXPECTED ANNUAL RETURN

    Web and Mobile App

    PLATFORMS

    User Experience

    4.8

    Ease of Sign up

    4.9

    Customer Support

    4.8

    "StashAway is a digital wealth management platform that is powered by a..." 3mth ago

    Endowus

    4.7

    657 Reviews

    Slide 1 of 6

    Endowus Cash Investments Portfolio

    Equities, Bonds

    INSTRUMENTS

    0.25% to 0.60%

    ANNUAL MANAGEMENT FEE

    $1,000

    MINIMUM INVESTMENT

    N/A

    EXPECTED ANNUAL RETURN

    Web and Mobile App

    PLATFORMS

    Endowus CPF Investments Portfolios

    Equities, Bonds

    INSTRUMENTS

    0.4%

    ANNUAL MANAGEMENT FEE

    $1,000

    MINIMUM INVESTMENT

    N/A

    EXPECTED ANNUAL RETURN

    Web and Mobile App

    PLATFORMS

    Endowus SRS Investment Portfolios

    Equities, Bonds

    INSTRUMENTS

    0.4%

    ANNUAL MANAGEMENT FEE

    $1,000

    MINIMUM INVESTMENT

    N/A

    EXPECTED ANNUAL RETURN

    Web and Mobile App

    PLATFORMS

    Endowus Cash Smart Ultra

    Cash Management

    INSTRUMENTS

    0.05%

    ANNUAL MANAGEMENT FEE

    $1,000

    MINIMUM INVESTMENT

    2.0% - 2.2%

    EXPECTED ANNUAL RETURN

    Web and Mobile App

    PLATFORMS

    Endowus Cash Smart Enhanced

    Cash Management

    INSTRUMENTS

    0.05%

    ANNUAL MANAGEMENT FEE

    $1,000

    MINIMUM INVESTMENT

    1.2% - 1.5%

    EXPECTED ANNUAL RETURN

    Web and Mobile App

    PLATFORMS

    Endowus Cash Smart Secure

    Cash Management

    INSTRUMENTS

    0.05%

    ANNUAL MANAGEMENT FEE

    $1,000

    MINIMUM INVESTMENT

    0.7% - 0.9%

    EXPECTED ANNUAL RETURN

    Web and Mobile App

    PLATFORMS

    User Experience

    4.8

    Ease of Sign up

    4.8

    Customer Support

    4.8

    "I was almost a victim of their terrible scheme. After investing a..." 2w ago

    Syfe

    4.6

    934 Reviews

    Syfe

    ETFs, Equities, Bonds, REITs, Gold

    INSTRUMENTS

    0.4% to 0.65%

    ANNUAL MANAGEMENT FEE

    None

    MINIMUM INVESTMENT

    N/A

    EXPECTED ANNUAL RETURN

    Web and Mobile App

    PLATFORMS

    Syfe Cash+

    Cash Management

    INSTRUMENTS

    0.1%

    ANNUAL MANAGEMENT FEE

    None

    MINIMUM INVESTMENT

    3.7%

    EXPECTED ANNUAL RETURN

    Web and Mobile App

    PLATFORMS

    User Experience

    4.6

    Ease of Sign up

    4.8

    Customer Support

    4.6

    "I was almost a victim of their terrible scheme. After investing a..." 2w ago

    AutoWealth

    4.7

    219 Reviews

    ETFs, Equities, Bonds
    INSTRUMENTS
    0.5%
    ANNUAL MANAGEMENT FEE
    $3,000
    MINIMUM INVESTMENT
    N/A
    EXPECTED ANNUAL RETURN
    Web only
    PLATFORMS

    User Experience

    4.6

    Ease of Sign up

    4.6

    Customer Support

    4.8

    "I was almost a victim of their terrible scheme. After investing a..." 2w ago

    Slide 1 of 3

    OCBC RoboInvest Income Portfolio

    Equities, Real Estate, Fixed Income, Cash

    INSTRUMENTS

    0.88%

    ANNUAL MANAGEMENT FEE

    USD2,000

    MINIMUM INVESTMENT

    N/A

    EXPECTED ANNUAL RETURN

    Web and Mobile App

    PLATFORMS

    OCBC RoboInvest Focused Themes

    ETFs, Equities, REITs, Precious Metals (e.g. Future World, Impact Investing, Precious Metals)

    INSTRUMENTS

    0.88%

    ANNUAL MANAGEMENT FEE

    USD100

    MINIMUM INVESTMENT

    N/A

    EXPECTED ANNUAL RETURN

    Web and Mobile App

    PLATFORMS

    OCBC RoboInvest Diversified Portfolios (Risk-based)

    ETFs, Equities, Bonds, Precious Metals (e.g. Defensive, Balanced, Growth)

    INSTRUMENTS

    0.88%

    ANNUAL MANAGEMENT FEE

    USD100

    MINIMUM INVESTMENT

    N/A

    EXPECTED ANNUAL RETURN

    Web and Mobile App

    PLATFORMS

    User Experience

    4.2

    Ease of Sign up

    4.4

    Customer Support

    3.9

    "I was almost a victim of their terrible scheme. After investing a..." 2w ago

    Kristal.AI

    4.3

    93 Reviews

    Curated ETFs, Auto Rebalanced Portfolios
    INSTRUMENTS
    0% to 0.3%
    ANNUAL MANAGEMENT FEE
    None
    MINIMUM INVESTMENT
    N/A
    EXPECTED ANNUAL RETURN
    Web and Mobile App
    PLATFORMS

    User Experience

    4.2

    Ease of Sign up

    4.6

    Customer Support

    4.5

    "I was almost a victim of their terrible scheme. After investing a..." 2w ago

    Smartly

    4.5

    59 Reviews

    User Experience

    4.5

    Ease of Sign up

    4.8

    Customer Support

    4.2

    "It has stopped but the app was relatively easy to use and..." 25mth ago

    MoneyOwl

    4.6

    46 Reviews

    Slide 1 of 3

    MoneyOwl

    Equities, Bonds

    INSTRUMENTS

    0.5% to 0.6%

    ANNUAL MANAGEMENT FEE

    $100

    MINIMUM INVESTMENT

    N/A

    EXPECTED ANNUAL RETURN

    Web

    PLATFORMS

    Fullerton MoneyOwl WiseIncome

    Equities, REITs, Fixed Income

    INSTRUMENTS

    0.5% to 0.6%

    ANNUAL MANAGEMENT FEE

    $1,000

    MINIMUM INVESTMENT

    4.5% to 4.8%

    EXPECTED ANNUAL RETURN

    Web

    PLATFORMS

    MoneyOwl WiseSaver

    Cash Management

    INSTRUMENTS

    None

    ANNUAL MANAGEMENT FEE

    $10

    MINIMUM INVESTMENT

    N/A

    EXPECTED ANNUAL RETURN

    Web

    PLATFORMS

    User Experience

    4.7

    Ease of Sign up

    4.8

    Customer Support

    4.6

    "Caution with Money Owl!! Customers should follow very precisely what is happening with..." 10mth ago

    Slide 1 of 3

    Income Portfolio

    Uts - Equity and Bonds

    INSTRUMENTS

    0.75%

    ANNUAL MANAGEMENT FEE

    SGD/USD1,000

    MINIMUM INVESTMENT

    4% p.a. income payouts

    EXPECTED ANNUAL RETURN

    Web and Mobile App

    PLATFORMS

    Core portfolios - Asia and Global

    ETFs - Equity and Bonds

    INSTRUMENTS

    0.75%

    ANNUAL MANAGEMENT FEE

    SGD/USD1,000

    MINIMUM INVESTMENT

    N.A.

    EXPECTED ANNUAL RETURN

    Web and Mobile App

    PLATFORMS

    digiPortfolio SaveUp

    UTs - Bonds

    INSTRUMENTS

    0.25%

    ANNUAL MANAGEMENT FEE

    SGD100

    MINIMUM INVESTMENT

    1.5% - 2.5% portfolio yield

    EXPECTED ANNUAL RETURN

    Web and Mobile App

    PLATFORMS

    User Experience

    3.8

    Ease of Sign up

    4.5

    Customer Support

    3.6

    "Put in $50k, digiportfolio spread the capital thin through various funds in..." 2mth ago

    ETFs
    INSTRUMENTS
    0.5%
    ANNUAL MANAGEMENT FEE
    None
    MINIMUM INVESTMENT
    N/A
    EXPECTED ANNUAL RETURN
    Web only
    PLATFORMS

    "[User Experience] Relatively easy to use and easy to navigate. [Customer Support] They are rather..." 25mth ago

    Best Robo Advisors in Singapore 2024

    Robo Advisor

    Fees

    Minimum Investment Amount

    Cash, SRS, CPF Support

    0.65% (first S$20k) to 0.4% (S$100k)

    Blue tier: None

    Black tier: S$20,000

    Gold tier: S$100,000

    Cash

    0.8% (less than S$25k) to 0.2% (more than S$1 Mil)

    None

    Cash and SRS

    Management fees: 0.50% p.a.

    Platform fees: USD$18 p.a.

    S$3,000

    Cash

    Management fee: 0.75% p.a.

    S$1,000 or US$1,000

    Cash

    Cash: 0.25% (more than S$5 Mil) to 0.6% (up to S$200,000) 

    CPF & SRS: 0.40%

    S$1,000

    Cash, SRS, CPF

    0% (up to US$10,000) to 0.3% (more than US$10,000)  + US$1 + taxes per trade for US-listed ETFs

    None

    Cash

    0.6% p.a. (next up to S$100,000) and 0.5% p.a. ( for S$100,000 and above)

    $50 (monthly RSP)

    $100 (one off)

    Cash and SRS

    0.88% p.a

    US$100

    Cash

    0.5% p.a + 10% p.a of any positive returns

    None

    Cash

    0.5% p.a. (first S$25,000) to 0.6% p.a. (above S$25,000)

    S$1

    Cash

    0.88% p.a. (first S$50,000) to 0.5% p.a. (>S$100,000)

    S$5,000

    Cash

    Management fee:
    0.45% to 0.75% p.a.

    Product fee:
    0.17% to 0.45%

    S$3,000

    Cash

    Management fee:

    0.5% p.a. for general services

    0.8% p.a. for US Equity service

    S$300 for general services

    S$3,000 for US Equity service

    Cash and SRS

    Comparison of the Best Robo Advisors in Singapore

    How do Robo Advisors Work?

    Robo advisors are a digital platform that provides automated investment advise and recommendations based on a user's personal preferences factors which include financial goals, risk tolerance, and investment strategies. These platforms utilize algorithms and software to analyse data on a large scale in order to make such recommendations. Through leveraging technology and automation, robo advisors make it easier to invest and grow wealth since they are able to offer lower fees and minimum investment required compared to traditional investment options. Whether you are a seasoned or new investor, understanding how robo advisors work and its associated fees will help you make better decisions about your investment to help you achieve your financial goals.

    If you are just starting out your investment journey with robo advisors, read these articles to find more beginner-friendly tips for your questions: 

    Pros & Cons of Using Robo Advisors

    Understanding the pros and cons of using robo-advisors can help you make more informed decisions about your investments. Whilst robo-advisors are a convenient and cost-effective tool, there are certain drawbacks you have to consider especially when dealing with the automated and algorithmic-based nature of how robo-advisors function. Ultimately, it is the users' decision on whether to utilise robo-advisors but knowing the pros and cons will help them make the most informed decisions and perhaps even get more value out of it.

    Pros

    Cost-effectiveness

    Robo advisors typically are more cost-efficient when compared to traditional investment options due to them being digital and automated which reduces reliance on financial advisors.

    Convenience

    Robo advisor users are able to access and track their investment portfolio on-demand through mobile devices or computers.

    Personalization

    Through the filling up of questionnaires to assess the level of risks you are willing to take as well as your financial goals which mean robo-advisor users can expect recommendations that align with their investment goals.

    Transparency

    Crucial investment information such as fees, charges, investment strategies, and associated risks are clearly stated for users to see and understand

    Cons

    Lack of Human Interaction

    Typical of algorithmic-based systems, the level of personalization may not be as precise as a user would expect compared to the traditional investment methods where there are more human interactions.

    Limited Investment Options

    Robo advisor may not offer the full suite of investment options as traditional financial advisors which may have an impact on your overall investment strategies and potentially the returns

    Lack of Flexibility

    Users may not be able to customize their investment beyond the recommendations provided by the robo advisors

    Overreliance on Technology

    As with all digital apps and websites, it is vulnerable to bugs and glitches that might impact the user experience

    What to Consider When Picking the Best Robo Advisor for You?

    There are plenty of things to consider when picking the best robo advisor that is most suitable to for your investment strategy, current financial situation, the level of risks a user is willing to take, and many more.

    Performance

    You should also trawl the internet for reviews and look for ways to assess the track record and performance history of the robo-advisor platform of your choice so you can ascertain the suitability of the platform for your investment goals.

    Ease of Use

    One of the biggest draws of robo-advisor is the convenience it provides and it should be that way for the choice of your platform. Ensure that the navigation and accessibility of the different functions and content within the platform are seamless in order to make you have a good investing experience.

    Customer Support

    Ensure that the robo-advisor platform you choose provides good customer support to avoid delays in case you run into an issue and require it to be resolved immediately.

    Security

    Since using robo-advisor heavily involves the transfer of funds, be sure to assess the level of security of the platform to avoid experiencing issues that might result in the loss of your hard-earned money. You can also choose to search for historical records of security lapses if there are any to gauge the level of security the platform provides.

    Read Reviews of Robo Advisors

    An easy and straightforward way to find out specific features of robo-advisors available in Singapore is to read reviews and what other users have to say about them. Here at Seedly, we share our thoughts and opinions about several robo-advisors. We have also compiled in-depth information and findings after pitting the robo-advisors on the market against each other. 

    What Can You Invest in With Robo Advisors?

    There are plenty of investment opportunities that can be invested in with robo advisors and each comes with its own level of risks and returns. It is good practice to understand the many different products available so they can align with your investment goals. Here are some of the popular financial products available to investors using robo-advisor platforms.

    Exchange-traded Funds

    Exchange-traded Funds or more commonly known as ETFs are a type of investment fund that holds a basket of stocks, bonds, or other assets. Robo advisors can provide help with selecting a diversified portfolio of ETFs according to a user's investment strategy and risk tolerance.

    Unit Trusts

    Unit Trusts, though similar to mutual funds are divided into units that can be bought and sold on a stock exchange. With the help of robo-advisors, a user can choose from a range of unit trusts that invest in different asset classes and regions.

    Bonds

    Bonds are a type of fixed-income security that pays a regular interest rate and they can serve as a stable source of income due to their less volatile nature compared to stocks.

    Real Estate Investment Trusts (REITs)

    Real Estate Investment Trusts or more commonly known as REITs are a type of investment fund that owns and manages income-generating real estate properties. Robo advisors can help users invest in a diversified portfolio of REITs that can provide regular dividends and potential capital gains.

    Commodities

    Commodities include products such as gold, oil, and agriculture. These investments can provide the user with a degree of diversification that can act as a hedge against inflation.

    Different Investment Strategies For Robo Advisors

    Different investors, whether budding or experts have different goals when it comes to investing their money with robo-advisors. Here are some of the more popular investment strategies for you to consider.

    Passive Investing

    Passive investing is the building of a diversified portfolio of low-cost index funds or ETFs that track the performance of a particular market or sector. This strategy is particularly popular in Singapore as it provides a cost-effective way to achieve long-term investment goals whiles minimizing risks.

    Active Investing

    Active investing is when a user selects individual stocks or funds based on market research and analysis.

    Socially Responsible Investing (SRI)

    Socially Responsible Investing or SRI for short is when a user invests in companies that align with certain environmental, social, and governance (ESG) criteria. There are robo-advisors in Singapore that offer SRI portfolios that focus on issues such as climate change, gender equality, and human rights.

    Tax-Loss Harvesting

    Tax-loss harvesting is the act of selling lost investments in order to offset capital gains and reduce tax liability.

    Goal-Based Investing

    Goal-based investing involves creating a portfolio tailored to specific investment goals such as saving to buy a home or for retirement.

    Types of Robo Advisor Fees

    Different robo-advisors commonly have different fee structures - and even then, the same robo-advisor platform might change its fee structure from time to time. It is best you understand what the many fees involved with using robo-advisors are to best pick one that is the most suitable for your investment strategy.

    Management Fees

    Management fee charges are calculated as a percentage of the assets under management (AUM). The amount covers the cost of managing the investment portfolio and the amount commonly ranges from 0.25% to 1% per year, covering the cost of managing the investment portfolio and it varies depending on the investment strategy and the amount invested.

    Platform Fees

    The platform fee covers the cost of using the robo-advisor platform. This amount can be a fixed monthly or annual fee and it can aso be a percentage of the assets under management.

    Trading Fees

    Withdrawal fees are sometimes charged by the robo advisors for the withdrawal of funds from the investment account - this amount can be a percentage of the withdrawal amount or a flat fee.

    Account Minimum Fees

    Users may be charged by some robo-advisors if their account balance falls below a certain minimum threshold - this fee can be a percentage of the account balance or a fixed monthly or annual fee.

    Robo Advisor Recommendations for Investors of Skill Levels

    Not all robo-advisors are created equally. Here is our take on which robo-advisors bests suit the different profiles of investors. 

    Best Robo Advisor For Beginners

    For entry-level investors who are looking to dip their toes into the world of investing, these robo-advisors are ideal because of their fees and low to no minimum investment amount.

    Robo Advisor

    Annual Management Fee

    Platform Fee

    Minimum Investment Amount

    Syfe

    0.35% – 0.65%

    S$0

    S$0

    Stashaway

    0.20% – 0.80%

    S$0

    S$0

    The Best Robo Advisor if you are just starting out

    With almost no minimum investment amount, these platforms are great low-risk, and low-commitment options for newbies to test things. Furthermore, these platforms have a relatively intuitive interface that also makes investing less complex for beginner investors. 

    Best Robo Advisor For Hardcore Investors

    For investors with more experience, these platforms offer more sophisticated products that may be right up your alley.

    Robo Advisor

    Annual Management Fee

    Platform Fee

    Minimum Investment Amount

    Endowus

    0.05% – 0.60%

    S$0

    S$1,000

    AutoWealth

    0.50%

    S$18 

    S$3,000

    Kristal.AI

    0 to 0.30%

    S$0

    S$0

    SaxoWealthCare

    0.45% to 0.75%

    S$0

    S$3,000

    Best Robo Advisor if you already are familiar with investing

    There is a significant stipulated minimum investment amount compared to the above four robo-advisors for Endowus, AutoWealth, and SaxoWealthCare. Furthermore, both Endowus and Kristal.AI offer investment products that are more complex with the option of customising your portfolio. So this may be good news for seasoned investors!

    Frequently Asked Questions for Robo Advisors

    Can you lose money with robo-advisors?

    Yes, just like any investment, it is possible to lose money when investing with robo advisors. However, a good way to mitigate risk and losses is to diversify your portfolio on top of assessing the risk and returns of your investment strategy and each financial product you are hoping to invest in.

    Do robo-advisors beat the market?

    Robo-advisors operate based on the user's investment goals and risk tolerance with a focus on passive investing strategies such as investing in index funds and ETFs. This method aims to replicate the performance of a benchmark index so investment using robo-advisors seeks to provide market returns instead of beating it. There are however possibilities of a higher rate of returns but it usually comes with higher risks.

    Disclaimer: Products with a "Visit Site" button pay to access additional features

    • Provides option to spend or transact in foreign currencies at FOREX/Interbank rates
    • Auto or partially automated portfolio asset allocation