- 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.
- 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.
- 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.
- 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.
- You can choose to receive dividends or re-invest them automatically. Re-investing them saves you the trouble.
- 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.
- 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.