SquirrelSave Reviews and Comparison - Seedly
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SquirrelSave

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  • Reviews (5)
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Robo-Advisors/SquirrelSave
Robo-Advisors/SquirrelSave
3.6
5 reviews
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SquirrelSave

0.5% p.a. + 10% performance fee

PRICING

None

MINIMUM INVESTMENT

Web only

PLATFORMS

SquirrelSave

0.5% p.a. + 10% performance fee

PRICING

None

MINIMUM INVESTMENT

Web only

PLATFORMS

Details

Best Robo-Advisor Review Singapore:
Is SquirrelSave the Robo-Advisor For You?

Powered by PIVOT Fintech Pte. Ltd. (“PIVOT”), SquirrelSave is a Singapore-based start-up founded by Victor Lye to bring intelligent investing to anyone, anywhere and anytime in Southeast Asia. Pairing the full use of Artificial Intelligence without any human intervention and the latest data based upon the latest market conditions, SquirrelSave determines the portfolios best suited for customers depending on their risk portfolios and monitors them 24/7. SquirrelSave uses diversified portfolios of curated global ETFs to build investors' portfolios. To start investing with Squirrelsave, you do not require any minimum investments, just prepare 0.5% for management fees and an additional 10% of performance fees.

  • Management Fees / Platform Fees/ Advisor Fees:
    0.5% management fee per annum and 10% performance fee
  • Minimum Investment Amount: -
  • Methodology: Fully AI platform that invests based on personalized risk profiling of individuals.
  • Investment Portfolios available: Global ETF portfolio
Read More about SquirrelSave
Reviews (5)

3.6

5 Reviews

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  • Updated on 11 Oct 2020

    Purchased

    SquirrelSave

    I was investing with SquirrelSave along with other robo-advisors. When the other robo-advisors have long "recovered" from the recession, SquirrelSave was still going negative for a few months before I decided to reallocate the investments to the other platforms. As SquirrelSave is powered by AI, I'm not sure if this year's anomalous situation is accounted for. Until I see more positive reviews here regarding investment returns, I doubt I will return.

    0

    Post
  • Updated on 24 Jun 2020

    Purchased

    SquirrelSave

    Was doubtful at first about SquirrelSave, but it is actually quite easy to use and I am currently using this aside from StashAway. It helps me check what kind of investment type i am looking for and aim towards that certain goal.

    0

    Post
  • Updated on 17 Feb 2020

    Purchased

    SquirrelSave

    [User Experience] Simple and easy to use. Currently only web-based. [Customer Support] Can be further improved. [Returns Rate] Too early to tell. I have been using Squirrelsave since October 2019. [Investment Method] Refer to website. You can expect the portfolio to change regularly. [Others] Sometimes the asset value is not updated daily. I know because I recorded the price on a daily basis.

    0

    Post
  • Updated on 27 Aug 2019
    Just signed-up, so far the lowest annual fee (with no tiered investment amount) among all robo advisors & the only one to charge a performance fee. Let's see how this one does! (i) Annual Management Fee 0.50 per cent per annum - calculated and paid daily based on the daily average market value of portfolio assets. (ii) Performance Fee 10 per cent of the annual absolute return with highwater mark, calculated and pro-rated after each calender year-end, and paid in arrears.

    0

    Post
  • Posted on 26 Aug 2019
    I attended their workshop. It was very informational. It uses pure AI and machine learning to manage portfolio, so it works 24/7! It also uses gamification to determine our risk profile. The UI is beginner friendly so it is suitable for wide range of users. I believe machine learning and AI is the future for investing!

    0

    Post
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Features of SquirrelSave:

  • Management Fees / Platform Fees/ Advisor Fees:
    0.5% management fee per annum and 10% performance fee
  • Minimum Investment Amount: -
  • Methodology: Fully AI platform that invests based on personalized risk profiling of individuals.
  • Investment Portfolios available: Global ETF portfolio

How does SquirrelSave work?

SquirrelSave sets itself apart from other Robo-Advisors by making use of Artificial Intelligence to make final portfolio decisions. Based on the latest data and market conditions, SquirrelSave will give you a real-time portfolio matched to your risk portfolio, thereby investing using portfolio predictions and monitoring the movements 24/7. Given that SquirrelSave predicts a change in portfolio components that will likely generate a better-predicted return for the same risk you are taking, changes would be made to your portfolio for you to profit.

How to Invest with SquirrelSave?

Your risk profile can be determined by playing SquirrelSave's Risk Profiler Game, which assesses your reaction to wins and losses. There are the following risk profile levels:

  • Conservative - minimise risk and preserve capital
  • Balanced - Values capital preservation but willing to accept some risk for long term asset appreciation
  • Growth - willing to accept capital risk for higher long-term risks
  • Aggressive - Willing to accept to accept high risks to achieve higher returns
  • Very Aggressive - Believes that high risks bring potentially higher return

Thereafter, you have to determine your financial goals, which could be one of the following:

  • BuildWealth - To gain returns
  • RetirementSave
  • EducationSave
  • KidSave

Fees and Charges for SquirrelSave

SquirrelSave requires a management fee of 0.5% per annum and a performance fee of 10% of any positive return. These fees are calculated based on daily average net asset value (NAV) of your portfolio and deducted from your account monthly in arrears.

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