AutoWealth Reviews and Comparison - Seedly
 

AutoWealth

  • Overview
  • Reviews (133)
  • Questions (56)
  • More Details
Robo-Advisors/AutoWealth
Robo-Advisors/AutoWealth
AutoWealth
4.7
133 reviews

USER RATINGS

User Experience

4.7

Ease of Sign up

4.7

Customer Support

4.8
Robo-Advisors/AutoWealth
AutoWealth
4.7
133 reviews

USER RATINGS

Read reviews

User Experience

4.7

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

    AutoWealth

    Flat 0.5% + USD18 platform fee p.a.
    PRICING
    $3,000
    MINIMUM INVESTMENT
    Web only
    PLATFORMS

Details

Operations

MAS Financial Advisor Licence (FA100064-1)

Methodology

Diversification across major asset classes, geographical regions, and industries.

Read More about AutoWealth
Reviews (133)

4.7

133 Reviews

  • 5
    97
  • 4
    28
  • 3
    6
  • 2
    2
  • 1
    0

Read Review About...

user experience

long term

return rate

customer support

easy understand

open account

onboarding experience

equity bond

risk level

saxo account

Most Recent

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Most HelpfulMost RecentLow to HighHigh to Low
  • Posted on 03 Dec 2019

    Purchased

    AutoWealth

    I started with autowealth in sep 2016. So far the return is 9.6%( time weighted cumulative). Pretty happy with that. The sign up is fast and easy. They rebalance your portfolio if required. Michael has been very helpful.
    0 comments
    0
  • Posted on 28 Nov 2019

    Purchased

    AutoWealth

    I have been using AW for the last 18mths and happy with the returns (7% on annualised basis). I chose AW because the investment strategy and portfolio allocation is transparent and proven (constructed based on public market indices) contrary to some other robo-Advisors where there is still some active/discretionary management or tactical allocation. As a Long term investor, I prefer 100% passive investment on a well diversified portfolio. Also, funds are segregated and held on a personal Saxo account and not commingled with other users which is safer.
    0 comments
    0
  • Posted on 27 Nov 2019

    Purchased

    AutoWealth

    Michael has been outstanding in providing personal time and support. Their portfolio management also brought market beating performance. Very impressive!
    0 comments
    1
  • Posted on 27 Nov 2019
    Started with AutoWealth for around 3 months. So far the experience have been good. Every user will be assigned to a wealth manager, any questions or queries can just watsapp him/her. The web based plateform is easy to understand and user friendly. Initial Investmet of 3K. Good investment for long term investment option.
    0 comments
    0
  • Posted on 27 Nov 2019
    Had a very good experience working with Autowealth. Everything was detailed and transparent, no guessing game required. The model although looks simple, it was robust and works! No regrets in trusting them for the past 2 years and will continue to do so. Keep up the good work!
    0 comments
    0
Questions (56)

Recent Activity

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Recent ActivityUnansweredTrending

Investments

S&P 500 Index

NYSE (New York Stock Exchange)

Stocks Discussion

FSM INVEST EXPO 2020

AutoWealth

Robo-Advisors

Bjorn Ng
Bjorn Ng
Top Contributor

Top Contributor (Dec)

Level 9. God of Wisdom
Answered 14h ago
As a start, I think robo advisors work. But do consider to open up an Interactive Brokers/TDAmeritrade account in the long term. Would benefit your own investing journey as well. With regards to lump sum/DCA, depends on your current cash outlay. The idea of DCA is just setting aside a fixed amount of $ and buy in - in the long run it will average out. For lump sum, chances are you will monitor the market to buy @ 'optimal price' which no one can predict. And you have to take more of the 'feeling' when you see your lump sum decreasing due to stock prices fluctuation.

Stocks Discussion

Investments

Robo-Advisors

OCBC RoboInvest

StashAway

AutoWealth

Smartly

Syfe

Endowus

Kristal.AI

DBS digiPortfolio

SquirrelSave

Phillip SMART Portfolio

UTRADE Robo

Hui Wai Kit
Hui Wai Kit
Level 5. Genius
Updated 2w ago
The returns will depend on the risk profile you set with the robo-advisor, more conservative portfolios will return lower but more consistent returns while higher risk portfolios will see higher returns (albeit potential higher standard deviation). Do go through the entire KYC process with the robo advisor before choosing the risk profile which suits you the best! Depending on the risk profile you choose, the robo will allocate/diversify the portfolio accordingly. eg. more conservative portfolios will see higher allocations in bonds vs stocks and vice versa for a more aggressive profile. As amanda mentioned, you can check out the reviews for the robos on Seedly and see if you can relate to any specific experience. You can also read this article which Seedly has covered regarding the available robo-advisors here as well: https://blog.seedly.sg/singapore-robo-advisor-investment-comparison/

Investments

Robo-Advisors

P2P Lending

OCBC RoboInvest

StashAway

AutoWealth

Funding Societies

SeedIn

ETF

MoneyOwl

Syfe

Heah Min An
Heah Min An
Level 5. Genius
Answered 3w ago
Do you feel happy, confident of your investment selections, able to sleep soundly at night? If you’re, then continue doing it. It’s decent. Investment results are good. Investment results achieved by amount of corresponding amount of risk taken needs to be the conversation in this community. The community can’t quantify risk as easily as investment returns thus it naturally leads to an over fixation on purely returns. Risk comes from not knowing what I’m investing. Thank you for taking your time to read.

Investments

StashAway

AutoWealth

Regular Shares Savings Plans (RSS)

Before you start investing, it will be best to understand your objective. Here are some questions to help you: 1. What is your capital? 2. How will you want to invest your capital? E.g. lump sum or an amount on a regular basis 3. How long will you want to stay invested? E.g. 10 years 4. What is your risk appetite? E.g. How do you feel about short-term volatility? 5. What is your objective for investing? Without further information about yourself and your needs, it will be awfully irresponsible to give you any form of suggestion on the best channel to invest your money into. Here is everything about me and what I do best.

AutoWealth

Robo-Advisors

Investments

Wilson Nid A Break
Wilson Nid A Break
Level 7. Grand Master
Answered on 12 Dec 2019
Yes, you can open multiple portfolios with different goals. The frees are consolidated, the last time I asked

Investments

AutoWealth

Investment Linked Policies (ILP)

Harvey Tan
Harvey Tan
Level 6. Master
Answered on 07 Dec 2019
Based on the information that you have provided, the short answer is no. - You can do better elsewhere. In this day and age, no one should be paying more than 1.5% in the management fee. And your objective of diversification, if ILP is already investing in countries that your Autowealth's portfolio is already investing in, that most probably you will not get any further benefits of diversification. - The probability of you getting better returns from ILP is also very slim . Most ILP invests in funds that are actively managed. And if there is anything that active funds can deliver with a high certainly are their underperformance on average on the whole and still charging investors 1%++.

AutoWealth

StashAway

Kristal.AI

Robo-Advisors

Stocks Discussion

Investments

There's no real reason to diversify in this fashion since the robos are already diversified, and since their investment strategies are not alike, its also not fair to dump in 3K each and do a comparison. Instead, decide if Robo is something suitable for you in the first place, and then find the Robo service that you prefer. But key point to note is that you must be prepared to go in for at least 3 years or more. And in the short term, you can expect to see losses due to volatility. Just because you handed your investments over to a Robo does not guarantee you'll make money.

AutoWealth

Robo-Advisors

Wilson Nid A Break
Wilson Nid A Break
Level 7. Grand Master
Answered on 04 Dec 2019
If Hk equity just a small portion of your portfolio just hold it, and average down should it crash if HK equity is a large portion, might consider trimming off those speculative/low quality counters and monitor on

Investments

Robo-Advisors

StashAway

AutoWealth

SW
Shaun Wq Lim
Level 6. Master
Answered on 06 Nov 2019
Using StashAway since Nov 2018 with about 11% gain. $500/month. Dividends are reinvested. On higher risk portfolio. Can get referral link for management fee waiver for 6 months.

AutoWealth

Robo-Advisors

Investments

StashAway

Regular Shares Savings Plans (RSS)

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Updated on 17 Nov 2019
Hey friend! You look pretty well diversified already locally and overseas, with a good split of bonds/equity. In fact you have a pretty similar breakdown to mine, with the exception that I have also a good amount of stock in local REITs. I will answer your question in a few pointers: - I feel your SSB is a very safe portion which gets you decent interest (but if you dont really need it for the near term, and if SSB gives you max 1.9% in 10 years, you could be better off in a higher yield savings account? - Next if you have 24k cash and you say you only need 14k emergency, then you definitely could consider something which yield more returns with also more risk (and you can DCA into a US ETF) - Lastly, I feel that education may be a good thing to do now, as you can potentially look to invest in individual stock if you want to (when the market turns and more undervalued opportunity potentiall arises) The last point is food for thought! I always believe that while robo-advisors are good, you should also cater 20-30% of your own wealth fund to something more tactical, with more risk/return payoff... for me I'm also doing the same, but with two eyes open! For Diversifying among robo-advisors (eg Stashaway and Autowealth), I dont really know the reasons for that... because underlying funds are almost similar (as in what they invest in on your behalf, only the costs differences are marginally different) Lastly, you can find the referral code for Autowealth by the users here: https://seedly.sg/questions/what-is-your-autowealth-referral-code Hope this still works!
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About AutoWealth

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

Investment Strategy for AutoWealth

An easy-to-understand market tracking strategy which places a strong emphasis on diversification across major asset classes, geographical regions, and industries.

Tech Platform Augmented by human Wealth Manager

Robo-advisor with a human touch. All clients have a dedicated MAS-licensed Wealth Manager assigned to their account, providing personalised advice/ 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.

Minimum investment and fees 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.