AutoWealth Reviews and Comparison - Seedly
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Reviews (36)
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Reviews (36)
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  • Posted on 19 Sep 2019
    Starting up with AutoWealth is straightforward and everything is done smoothly. Good interface and user friendly. It comes with a higher barriers to entry of $3,000 compared to other similar platforms but has a low management fee of 0.5%.
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  • Updated on 01 Aug 2019
    Starting Capital - Requires $3000 min because each client has their personal Saxo account. You get view-only access to this account as well. Therefore, AutoWealth cannnot buy fractional shares for you. Good and bad, depending on how you see it. Because each unit of ETF is not cheap, one way is to perform quarterly top-ups of $300 instead of $100 monthly. I like the physical segregation. Physical Presence - An adviser is assigned to each client (contactable via direct WhatsApp in my case) and there is a short 30-mins meet-up process to settle the paperwork. An good opportunity to settle your doubts and ask the tough questions. Again, some like this while others don't. Platform UI - Not the most fanciful nor as clean as its competitors. For me, I don't need the bling-blings as long as it gets the job done. Very detailed information which I like. Returns - Ignore the comparisons on returns especially on such short terms. Robo-advisors have lots of assets in the US market by virtue of weightage and most, if not all, are doing well for the past few months. Don't bother investing if you're not going to hold for at least 5-10 years. Dividend Re-Investment - You can choose to receive dividends or re-invest them automatically. Re-investing them saves you the trouble. Investment Methodology - I see this as the true passive indexing portfolio because it gets pure market returns. Not gonna try and beat the market but instead going for market returns. Responsiveness - Top ups are processed promptly and access to my adviser is quick and easy. Overall, a 5-star experience for me over the last quarter of 2017. Kevin L. Turtle Investor
    2 comments
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    Aravin Shegar
    Aravin Shegar

    on 26 Aug 2018

    It's been 5 months since this comment. Just wondering how your returns have been since then?
    Siow Nan
    Siow Nan

    on 01 Aug 2019

    Why quarterly top ups of 300 instead of 100 monthly top ups?
  • Posted on 01 Jul 2019
    Been about 2 months since I opened an account - my assigned advisor was very patient in explaining how autowealth works, what are the risks etc and I asked sooo many questions but she helped clarified on the spot. Easy and convenient to log into the website and check my portfolio. So far so good :)
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  • Posted on 24 Jun 2019
    So far so good. Sign up process is easy and smooth, though alot of forms and information to fill up. You get a saxo viewer account to view the ETFs held in your name. Gives peace of mind that if anything happen at least the holdings are there. Timely updates on rebalancing and buy/sell of ETF units via emails.
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  • Updated on 15 Sep 2018
    Their website is easy to use, and they will assign an advisor to you before you put any investments with them. Their advisor is also very responsive on WhatsApp! Although the min sum is higher at 3k, however it also means that the funds are held under your name in a custodian account. Makes it a bit more secure I feel? It's a good way to enter the US market if you have no clue how to do it yourself.. like me! šŸ˜‚
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  • Yays 1. Very simple, understandable investment approach - invest across stocks and bonds, auto rebalancing 2. Straightforward interface, reasonable fees Nays 1. Their approach is so simple that it makes you wonder why you're paying them to do it for you
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  • Updated on 22 May 2018
    First started investing Oct 17. Have seens good returns since then till the market correction around Feb 18( fluctuating up and down till now - still in positive range) . Seems to be the only one where an advisor is assigned to you personally for setting up account and answer your queries when needed. Minimum investment amount is 3000sgd but is converted to USD for investment in US market. Investment in a pool of different US etfs and bonds which are quite diversified. Able to choose different portfolios ranging from low risk to high risk based on your preferences.
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  • Updated on 27 Apr 2018
    I actually took an in depth look at both StashAway and AutoWealth, and I prefer Autowealth because they don't have an opaque "re-optimisation" regime, and it is a lot easier to adjust the equity-bond mix. However, a number of key problems remain: 1. Heavy allocation to bonds 2. No allocation to REITs 3. High Fees 4. Withholding Tax Personally, I still prefer DIY investing, simply because of the fees. A 0.5% fee requires the robo to outperform the index by 0.5% which is incredibly hard, and I do not feel that they do enough to justify their hefty fees. Full review at https://financialhorse.com/autowealth-1/
    0 comments
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About AutoWealth
OperationsMAS Financial Advisor Licence (FA100064-1)
MethodologyDiversification across major asset classes, geographical regions, and industries.
FeesFlat 0.5% of total invested + USD18 platform fee per year
MinimumS$3,000 to start

About AutoWealth

AutoWealth started in the year 2015 by ex Investment Banker, Ow Tai Zhi and ex Management Consultant, Noel Lee.

Method of investing for AutoWealth

A rule-based investment approach and strategy which places a strong emphasis on diversification across major asset classes, geographical regions, and industries.

Minimum investment and fees for AutoWealth

The minimum investment of AutoWealth is at either S$3,000 flat fee, or 0.5% of total invested + USD18 platform fee per year.