AutoWealth Reviews and Comparison - Seedly
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AutoWealth

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  • Reviews (140)
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Robo-Advisors/AutoWealth
Robo-Advisors/AutoWealth
4.6
140 reviews

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 (140)

4.6

140 Reviews

  • 5
    102
  • 4
    29
  • 3
    6
  • 2
    3
  • 1
    0

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  • Updated 3w ago

    Purchased

    AutoWealth

    [Investment Method] After reading "The Little Book of Common Sense Investing" and half of "The Intelligent Investor", I was looking to build a simple portfolio that invested in broad indices, which was why I was drawn to Autowealth's portfolio. It doesn't boast any fancy methodology, just 4 simple allocations for you to choose from. I personally prefer this style of investing. [Onboarding Experience] Takes a while since a custodian account is opened under your name in Saxo. Considering the added layer of security, it is worth the wait. [Customer Support] Each investor is assigned a wealth manager that you can send your investment-related queries to. My wealth manager replied promptly with detailed information. Very pleased so far. [User Experience] Their platform is only accessible via the web.
    0 comments
    0
    Post
  • Updated 3w ago

    Purchased

    AutoWealth

    [User Experience] The website interface was easy to navigate and graphics were straightforward to understand. With various charts to help you visualize your expected returns over the specific time horizons. [Customer Support] Customer service was helpful and generally fast in replying to emails. [Onboarding Experience] [Waiting Time] Onboarding experience was rather long and more tedious but it was understandable given AutoWealth's high barrier of entry and the opening of my own personal custodian account with Saxo. My account was ready within 2 days. [Returns Rate] Returns are generally good given my investment sum, risk profile and time horizon. Being able to earn a positive return despite covid times indicates that AutoWealth investment strategy is strong enough to cushion covid's impact and minimise investors' losses.
    0 comments
    1
    Post
  • Updated on 17 Aug 2020

    Purchased

    AutoWealth

    [Returns Rate] • Reasonable just got to watch out for FX • Moves with US market alot so it would be wise to read up on some US market news when investing/ adding additional funds [Customer Support] • Solid customer support (personalised CS in fact) [Waiting Time] • Initial funding took only a few days to be processed before it was automatically used for the portfolio that I have selected
    0 comments
    0
    Post
  • Updated on 03 Jul 2020

    Purchased

    AutoWealth

    Even though they are 'robo' investor, clients are assigned an account manager. I've signed up when they are pretty new and was glad for the 'human touch' as I was really unsure what this mode of investment entails. Micheal was very helpful in explaining to me the concept and patient with answering my very noob questions. Even after the account is set up, I could still contact him if I had any queries. It has been a pleasant experience thus far. To be honest, I have not been actively keeping track of the performance but have received quite a few rebalancing of my portfolio. Overall, I will recommend (i have actually shared with my friends and a couple did sign up when they wanted to explore this mode of investment) Autowealth based on my own experience. Hope this helps! (Disclaimer is that I've not tried other robo investors, so Autowealth is my only experience thus far) [UPDATE] still with Autowealth and have recommended them to a few friends. The only hassle is probably the longer sign up process (as shared by my friends). Otherwise, I'm happy with the rebalancing during the start of the COVID outbreak. I don't login often to track and happy with this fuss free method. Still works for me for now. :)
    0 comments
    1
    Post
  • Updated on 20 Jun 2020

    Purchased

    AutoWealth

    [Customer Support] I started investing with Autowealth in March 2018. One major benefit is that you get your own personalised RM and you can whatsapp them at any time of the day. They also send you regular updates on what is happening in the markets and advice you on whether or not you should start to pump your $. I remember in 2019 when there was a correction period and my investment portfolio when negative. I was quite worried as it was my first investment. I gave a call to Autowealth and the CEO, Tai Zhi. pick up the call. I was surprised that he knows my name (and he said that he save every one of his customers' numbers). He addressed my concern and said that he will arrange my RM to meet me up to explain further. The following Saturday, I met my RM, Micahel, and he explained to me what is going on in the world and reassure me that it is the best time to pump in $. I am glad that I have listened to his advice as my returns has been doing pretty well to-date. Kudos to the personalization advice from the team. [Investment Method] The reason that draws me to Autowealth was because the portfolio they have a simple, traditional and yet easy to use. If you have been reading financial blogs or investment books, you will have known that investing in ETF is the way to go. Autowealth is just that and they help to take away the emotional stress that you see when the markets is going down. The only drawback for Autowealth in my opinion is that their forex is about 0.2% (which is on the higher end in terms of the fees charged as compared to Stashaway and Syfe). Since March 2018, my returns for time-weighted portfolio 4 is around 14%.
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    2
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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.
  • Products Available: Stocks, Government Bonds and ETFs listed on NYSE and NASDAQ
  • 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)