AutoWealth Reviews and Comparison - Seedly
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AutoWealth

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  • Reviews (168)
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Robo-Advisors/AutoWealth
Robo-Advisors/AutoWealth
4.7
168 reviews
claimed

Claimed

This product is managed by AutoWealth.

USER RATINGS

User Experience

4.6

Ease of Sign up

4.7

Customer Support

4.8

AutoWealth

Flat 0.5% + USD18 platform fee p.a.

PRICING

$3,000

MINIMUM INVESTMENT

Web only

PLATFORMS

[EXCLUSIVE] S$20 direct cash top up when you sign up using promo code “SeedlyAW”. View promotion under "More Details".

AutoWealth

Flat 0.5% + USD18 platform fee p.a.

PRICING

$3,000

MINIMUM INVESTMENT

Web only

PLATFORMS

[EXCLUSIVE] S$20 direct cash top up when you sign up using promo code “SeedlyAW”. View promotion under "More Details".

Details

Autowealth Review 2020: Is Autowealth the Robo-advisor for you?

  • Autowealth Platform Fees: $18 USD
  • Management/Commission fee: 0.50%
  • Minimum Investment: $3,000
  • Provides accessibility to dedicated human wealth managers that you can contact anytime
  • Assets are held under your ownership through Saxo Market
  • Transparency in pricing
  • The investment strategy for AutoWealth is simply an easy-to-understand market tracking strategy that places a strong emphasis on diversification across major asset classes, geographical regions, and industries.
  • However, the $3,000 minimum investment amount might be a deterrent for some.
Read More about AutoWealth
Reviews (168)

4.7

168 Reviews

  • 5
    130
  • 4
    29
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Most HelpfulMost RecentLow to HighHigh to Low
  • Updated 1d ago

    Purchased

    AutoWealth

    To provide some context, I was on the lookout for different investment vehicles, and searching for a platform that was fuss-free and would value add. [Onboarding Experience] The free investment goal calculator on the AutoWealth homepage is a very useful tool. After playing around with it, and if you do decide to get started, AW will connect you with a manager before you start the account, to answer queries. See the section on "Customer Support" below! [Customer Support] I think this is where AW really value-adds. After the initial contact, the assigned AW manager continue to keep in touch to answer any questions/queries you might have. Also, there's an AW Telegram channel exclusively for AW users, and this is a platform where we can ask the AW managers, even the founders, any questions/queries/concerns about market trends and/or our investments. These friendly folk will happily provide good information, and the Tele channel has thus been a great way to level up on investment knowledge :) [User Experience] The browser UI on google chrome is easy to use and understand. AW doesn't have an app at the moment, but that's ok to me - I prefer peace of mind and don't really want to receive constant phone notifications about price/value fluctuations. The set-up of the Saxo account in my name is great too, and whatever AW buys/sells on my behalf will be reflected in email updates from Saxo (e.g. trades made, current holdings etc.) [Returns Rate] I initially put in a lump sum, followed by a couple of hundred per month (DCA), with a 80/20 stocks/bonds allocation. The returns currently stand at ~9% (in about 6 months), and I've not seen it dip in the red (the auto-allocation/re-balancing of AW is pretty good!). As an AW user, I like the direction that the company is going, and am considering adding more funds in the near future, especially since banks have slashed their interested rates.

    0

    Post
  • Updated 2d ago

    Purchased

    AutoWealth

    The only robo advisor that uses a pure passive indexing strategy. Customer service is great and personalised as well. The best part is the returns! Autowealth is the best performing of all my portfolios :)

    0

    Post
  • Updated 4d ago

    Purchased

    AutoWealth

    They have been nothing but helpful. They make it easy to invest and not worry about the market. They have real people who talk with you about what you want to get out of it and what you should be doing.

    0

    Post
  • Updated 5d ago

    Purchased

    AutoWealth

    Been with AutoWealth for more than 1 year and returns have been good (that is not the point as other robo will be similar). What stands out for me are the following 2 points: 1) Segregated individual account - This assures the holdings belongs to you, and not in an omnibus account of AW. This gives assurance that you are not exposed to the performance of your robo-advisor. Considering the industry is still new, situations can go either way (FYI, AW is profitable as of today). 2) Human touch - Despite been a robo-advisor, there is wealth manager that you can always contact for help if needed. That being said, don't expect the wealth manager to be at your beck and call but he/she will be there to help along the way.

    0

    Post
  • Updated 2w ago

    Purchased

    AutoWealth

    Autowealth has great customer support, smooth on boarding experience - Angie met me prior to setting up the account to answer my queries and always promptly reply when I have queries abt my account. Returns and cost is also very reasonable. A saxo account is also set up for your investment so it’s transparent. Highly recommended

    0

    Post
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Benefits and Features of AutoWealth

  • Autowealth Platform Fees: $18 USD
  • Management/Commission fee: 0.50%
  • Minimum Investment: $3,000
  • Passive market-returns portfolio investment approach
  • Emphasis on portfolio allocation and cost-efficient diversification
  • Tech Platform Augmented by Human Wealth Manager
    Experience robo-advisor with a human touch. All clients have a dedicated MAS-licensed Wealth Manager assigned to their account, that provides personalised advice and support.
  • Personal Segregated Account
    All clients’ assets are held in legally segregated accounts under their own personal name for their sole beneficial ownership through Saxo Capital Markets, providing utmost assurance on the safeguard of their assets.
  • Investment Portfolio: AutoWealth portfolios are diversified across more than 8,000 stocks and 600 government bonds across 4 geographical regions, and index-tracking ETFs
  • AutoWealth has no lock-in period for investments. Clients are free to withdraw their investment funds or close the investment account anytime with no penalty cost.

Autowealth Exclusive Promotions with Seedly

  • Promotion is only applicable to new users only.
  • Click on “Get Started”, complete the advisory process and use the promo code “SeedlyAW’ under “referral code” at submission.
  • Fund the account with the minimum initial investment sum of S$3,000 within 2 weeks from account activation.
  • The S$20 direct top up will be credited into your account within 2 weeks upon successful funding.
  • The cash top up will be clawed back if the account is closed in less than 3 months.
  • AutoWealth’s investor T&Cs apply.

Fees and Charges for AutoWealth

The minimum investment is S$3,000.

Management fee at 0.5% p.a. on total investment amount + USD18 platform fee per year.

Fees are prorated and deducted on a quarterly basis, with no other additional fees.

Contact AutoWealth

Operations

MAS Financial Advisor Licence (FA100064-1)