facebookAutoWealth Reviews and Comparison - Seedly

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Robo-Advisors/AutoWealth
Robo-Advisors/AutoWealth
4.8
214 reviews
claimed

Claimed

This product is managed by AutoWealth.

USER RATINGS

User Experience

4.7

Ease of Sign up

4.7

Customer Support

4.8

AutoWealth

ETFs, Equities, Bonds

INSTRUMENTS

0.5%

ANNUAL MANAGEMENT FEE

$3,000

MINIMUM INVESTMENT

N/A

EXPECTED ANNUAL RETURN

Web only

PLATFORMS

AutoWealth

ETFs, Equities, Bonds

INSTRUMENTS

0.5%

ANNUAL MANAGEMENT FEE

$3,000

MINIMUM INVESTMENT

N/A

EXPECTED ANNUAL RETURN

Web only

PLATFORMS

Details

Product Page Transparency

  • Claimed in September 2020

Autowealth Review 2021: 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 (214)

4.8

214 Reviews

  • 5
    174
  • 4
    30
  • 3
    7
  • 2
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    Most HelpfulMost RecentLow to HighHigh to Low
      Posted 24 Oct 2021

      Purchased

      AutoWealth

      [Customer Support] The support from our designated advisor is superb, accurate and very timely! even when there is a change in advisor (due to reasons such as resignation, etc) the handover process is seamless. Definitely would recommend as its been doing good so far as compared to my other portfolios in other robos.

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      Posted 02 Sep 2021

      Purchased

      AutoWealth

      Autowealth is very transparent in how they deal with your funds, something that I like. Website is intuitive but I do hope they have an app as when I signed up they do not have one, which seems to be the norm for other roboadvisors

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      Posted 18 Aug 2021

      Purchased

      AutoWealth

      [Returns Rate] I've used Autowealth since Apr 2020, only to get 27.46% in simple cumulative returns, 45.34% in time-weighted cumulative returns.

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      Posted 27 Jul 2021

      Purchased

      AutoWealth

      I find their Autowealth+ portfolios unique as they provided exposures to themes such as Innovation and Post-pandemic. However, their web portal is not as intuitive as other robo-advisors and they lack an app for quick access on mobile.

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      Posted 24 Jul 2021

      Purchased

      AutoWealth

      Their strength lies in customer support as they have a dedicated human advisor attached to your account. Moreover, returns have been decent.

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      17 Jul 2021

      Purchased

      AutoWealth

      [User Experience][Customer Support][Returns Rate] Like the personal touch of having a wealth manager assigned to me. Returns so far have been quite good since i started in Jan 21. Would definitely intro to friends

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      06 Jun 2021

      Purchased

      AutoWealth

      [Returns Rate] AutoWealth has generated a very satisfactory 10% p.a. since I joined in Sep 2019. I also personally like the 6 ETFs chosen for my portfolio (Risk 3 60% stocks 40% bonds). As opposed to other Robo-advisors I used during the same time-frame, AW has the best returns thus far!

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      18 May 2021

      Purchased

      AutoWealth

      Been using AW Starter over a year and it has been great. Started on AW+ since Feb 2021 as well. The on-boarding process was easy and I like the interface with Saxo markets. Feel that their products allows a wide diversification exposure to different sector stocks. Great thematic investing available via AW+. Would recommend!

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      09 May 2021

      Purchased

      AutoWealth

      I joined in 2018 and the investment has been doing well. I was first impressed when I was contacted by a human financial advisor via WhatsApp since I thought it was a roboadvisor. Right now, the team has started a new Telegram channel and have been very active in providing updates and replying to queries. They don't do much marketing as a company but their positive and prompt attitude and comprehensive sharing gives me needed confidence to stay on as a customer. I have also recommended my friends to go for Autowealth for their cash investments (waiting for the CPF option, it would definitely top the competition). Keep up the wonderful work!

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      06 May 2021

      Purchased

      AutoWealth

      [Customer Support] The customer support is their strength as they have dedicated advisor attached to your account. [User Experience] Overall, I think the returns are decent and very passive methodology. It's safe in some sense. Recommended if you're looking for long-term plus good returns!

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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.


      Fees and Charges for AutoWealth

      The minimum investment for AutoWealth 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

      • For more information, visit AutoWealth's website on fees, and how to apply for an AutoWealth account
      • Tel: 6777 7249
      • Address: 21 Heng Mui Keng Terrace, The Hangar, iCube Building, #01-01, National University of Singapore, Singapore 119613

      Operations

      MAS Financial Advisor Licence (FA100064-1)

      Contact us at [email protected] should you require any assistance or spot any inaccuracies.

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