Syfe Reviews and Comparison - Seedly
 
Reviews (55)
4.7
Reviews (55)
4.7
  • 5
    38
  • 4
    15
  • 3
    2
  • 2
    0
  • 1
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management fee

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fee lowest

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  • Updated 2d ago

    Purchased

    Syfe

    Easy to use with excellent customer support! They answer my queries promptly with the CEO, Dhruv also jumped in on some of my emails. Love the low flat fees, no fuss, no fluff, and no hidden cost structure. Would love to see more aggressive portfolio though. What is missing is also the chart to show projected earnings for each portfolio and where are you now in terms of your goal and time horizon. Sometimes I do wonder if Syfe automatic rebalancing of its portfolio reduces our earning potentials in this passive investing strategy.
    3 comments
    1

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    Jer Jian
    Jer Jian

    2d ago

    Heyy Dhruv! Thank you so much for the response here too. It really helps and I'm delighted to know that my feedback is being heard and also really excited about the mobile app and the slew of features being planned for the pipeline.
    Jer Jian
    Jer Jian

    2d ago

    The statement below that you gave in your response also provided me with better clarity in terms of how the rebalancing works and whether it will affect the earning potentials. "When rebalancing is done, it is in response to a sustained period of market volatility that will push your portfolio risk past your risk level."
  • Updated 2w ago

    Purchased

    Syfe

    [Customer Support] The first thing I like about Syfe was the customer support. I had some issues in depositing currency and Dhruv was there to help in addition to the customer service officer. He was replying at crazy hours to get things sorted. Though they were not able to solve the particular issue, I appriciate the effort undertaken. [Investment Method] I was with another platform before and was not really happy with their investment method. Corporate bonds are risky and inorder to get a slightly higher rate of return I was not interested to take up credit risk. With Syfe, the bond ETF portfolio's are better risk adjusted as most of the ETFs are government bonds/total bond market index which significantly reduces risk. I am happy with the construction of the risk adjusted portfolio. [User Experience] Depositing currency was easy and had multiple options for setting up recurring deposits. No complaints on that. I believe they are working on a mobile app platform and requested customer feedback on that too. Getting customer opinion before setting up the platform is a welcome move. Gives them free testers and satisfied customers if they are open to constructive feedbacks :) [Others] I'm also happy that they have now introduced tiered structure for fee which I think is excellent. The transperancy on the transaction is fine and nothing to complain here. I would be happy if they introduce UK domiciled ETF's which have better withholding taxes on dividends than the US ones. But overall it is a good platform to use and happy investing everyone.
    0 comments
    1
  • I have been using Syfe for a period of about 2 months now, and what I like about Syfe is that it gives you exposure to many different indexes, as well as its low management fee, compared to its closest competitors. It is definitely a very useful tool for people who are new to investing, and wish to park some of their funds in global assets, instead of leaving it at a bank. Syfe is generally easy-to-use, and has a nice user-interface. I would recommend Syfe to my friends.
    1 comment
    4
    Dhruv Arora
    Dhruv Arora

    2w ago

    Hi Bo Lin, thanks for your kind comments. Appreciate you taking time to share your feedback.
  • Updated 2w ago

    Purchased

    Syfe

    I like Syfe's investment strategy which is to manage our risks before returns. The ETF portfolios created by Syfe are based on the downside risks you are willing to take rather than the returns. And the good thing is that the risk is adjustable anytime. I also like the interface provided by Syfe on the website. It allows me to see my risks, returns, fees, and transactions easily. However, Syfe is currently only accessible on the website, hence it would be better if there is a mobile application for us to access it. Overall, it is a good product to use
    1 comment
    4
    Dhruv Arora
    Dhruv Arora

    2w ago

    Hi Andy, thanks for your kind feedback. We hear you - we’re currently working on a mobile app and will launch it soon. Please stay tuned!
  • Overall, I had a very positive experience, Would recommend this to investors who wishes to sit back and enjoy the automation of investing at an extremely low cost, especially for beginners. Platform is easy to use and transactions are straightforward. I reached out to customer service and have always gotten the help needed. Highly recommended!!!
    1 comment
    5
    Dhruv Arora
    Dhruv Arora

    2w ago

    Hi Darren, thanks a lot for sharing your feedback - much appreciated!
  • Low management fee - 0.65% p.a. and interesting risk-based approach. Started an account when they just launched, and deposited more with their promo ($10 incentives every $1k deposit). So far the portfolio's doing well
    1 comment
    6
    Dhruv Arora
    Dhruv Arora

    2w ago

    Hi Guo Xiong, appreciate your kind comments and glad to hear you're satisfied with your portfolio!
  • Updated 2w ago

    Purchased

    Syfe

    Return rates are pretty positive in a short time (2% in a month or two). Waiting time to onboard was really quick. Hope that they will roll out an app in the future.
    1 comment
    0
    Dhruv Arora
    Dhruv Arora

    2w ago

    Hi Heng xuan, thank you for sharing your feedback. We are currently working on an app and will launch it soon. Please stay tuned and thanks again for your support!
  • Updated 2w ago

    Purchased

    Syfe

    Signing up is easy and hassle free and my experience with the support staff on my fund transfer enquiry was pretty good. The platform is straightforward and easy to use as well. What I really like about Syfe is the number of investments within a single portfolio (i.e. according to the risk). If there is one thing to complain, it is definitely the lack of a mobile app to easily sign in to view my portfolio and adjust my risk. Really hope that Syfe will come out with a mobile app soon. Overall, it is a pleasant experience with Syfe!
    1 comment
    0
    Dhruv Arora
    Dhruv Arora

    2w ago

    Hi Kelvin, thanks for your feedback. We hear you regarding a mobile app –please stay tuned for it! Thanks once again for your support.
Questions (12)

Recent Activity

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Robo-Advisors

Investments

Stocks

StashAway

Syfe

Hi, Please refer to Syfe Sample Portfolio allocation here: https://www.syfe.com/sample-portfolio (15% Downside Risk - Syfe is claiming in the next 39/40 years, this portfolio won't lose more than 15% of its value - don't be tricked by the wording. This doesn't gaurantee anything) Most of your investment will be in developed countries. With a rough 72% allocation to the US market. Check out Stashaway fund selection here: https://www.stashaway.sg/r/stashaways-etf-selection Do note that Stashaway also invest in a heavily in the US market. (About 50% for a 36% Risk Level and about 23% to US bonds ) Do your own due dillegence: Determine if these ETFs and their allocation is what you want to invest in. A just for fun comparison has been done before: https://forums.hardwarezone.com.sg/money-mind-210/roboadvisor-stashaway-vs-syfe-6092311.html

Savings

Investments

StashAway

Syfe

Agree with Kelly, unless there's a need for cash within the next 3 years, you're probably a little too heavy on low yielding instruments. I'd keep 6 months of expenses in a high interest savings account and the rest into a globally diversified portfolio matching my risk profile with a financial advisor (you've chosen Stashaway but you can test out Syfe or any other financial advisor in the market) So if you spend 1k/mth, that'll be 6k in the bank, and the other 55k into such a portfolio. But if there's any money earmarked within 3 years, I'd keep that aside and not expose that to the market.

Robo-Advisors

Investments

ETF

Syfe

StashAway

Hi, I believe this question was previously answered here: https://seedly.sg/questions/may-someone-kindly-explain-the-difference-between-syfe-and-stashaway-in-layman-terms?aid=19536 Do take a look!

Robo-Advisors

Investments

Syfe

StashAway

Angeline Teo
Angeline Teo
Level 4. Prodigy
Answered on 15 Sep 2019
I would say each Robo-advisors is already diversified.... don't over diversify by spreading to too many Robo-advisors too. Overspreading wastes your time in looking at so many different advisors and then thinking hard whether to switch when 1 is doing better than another. (and then after you switch, the other does better and you wonder again....) Stick to the 2 you chose and spend the time enjoying life ;)

Investments

STI ETF

Regular Shares Savings Plans (RSS)

Syfe

Robo-Advisors

DBS digiPortfolio

Arun Pai
Arun Pai
Top Contributor

Top Contributor (Oct)

Level 4. Prodigy
Answered 4w ago
There are a number of 'robo-advisory' platforms out there to try out - it boils down to personal preference and what specifically you are aiming to achieve. Each robo-advisor has its unique selling proposition and only after extensive due diligence and analysis should the appropriate one be chosen - or of course, sign up to your top 3/5 and evaluate each one over a period of time. We at Kristal.AI aim give our users the ability to invest up to 50k USD in a completely free manner (not just advisory fees, but transaction fees too) with a wide selection of ETF's which can be accessed in a DIY or robo-advisory i.e. answering a number of questions online manner.

Investments

Robo-Advisors

Savings

Syfe

Dhruv Arora
Dhruv Arora, Founder & Chief Executive Officer at Syfe
Level 6. Master
Answered on 21 Aug 2019
Hi there! We are currently running a limited time promotion to encourage more people to start investing. You will receive $10 cash bonus for every $1,000 you invest with Syfe, capped at $100 per customer. To get started, simply click this link to take our complimentary risk analysis and set up your account.

Investments

Savings

Stocks Discussion

Lifestyle

Syfe

DBS digiPortfolio

Do read up on Syfe, AutoWealth, StashAway etc. Each one has its own merits. There is a good article by seedly on some of the robo-advisors. It may be a good guide for you. https://blog.seedly.sg/singapore-robo-advisor-investment-comparison/

Investments

Savings

Family

Syfe

Dhruv Arora
Dhruv Arora, Founder & Chief Executive Officer at Syfe
Level 6. Master
Updated on 09 Sep 2019
Hello there! I believe that everyone can benefit from having a financial plan, no matter their financial situation. A solid financial plan keeps you on track with your saving and investment goals, debt management, insurance coverage, retirement planning, and more. That’s the reason we’ve launched our latest financial planning service – not just for Syfe customers but anyone who wishes to be financially prepared for each milestone in their life. To give you an idea of what advice we can offer, here are some potential questions you may ask: - What sort of investments are right for me? - Am I on track to reach my retirement goals? - How can I provide for my child’s future education needs? - Should I invest in the property market? - How do I plan my budget to take care of my parents and my children? For a more detailed analysis of your finances and the steps you can take to reach your financial goals, simply schedule a call with our Syfe expert. Our planning advice is free and always in your best interest - you will never feel pressured to invest with Syfe or accept any recommendations. And while this service is currently free, it might not be free forever, so do take this opportunity to arrange for a phone consultation with our experts.

Investments

Robo-Advisors

Syfe

Dhruv Arora
Dhruv Arora, Founder & Chief Executive Officer at Syfe
Level 6. Master
Answered on 04 Sep 2019
Hello there! Thanks for choosing to invest with Syfe. DCA and lump-sum investing each has their pros and cons, but both are preferable to just holding cash and waiting on the sidelines. So, kudos for starting your investment journey! To answer your question, let me briefly outline the pros and cons of each approach. With lump-sum investing, you’re essentially trying to guess what’s the best time to enter the market. If you’re lucky, you could have invested all your money just before a big market upswing. But there’s also the possibility that you could have invested right before a market downturn, potentially wiping out a significant chunk of your portfolio value. With DCA, you avoid the risks of lump-sum investing since you end up investing smaller amounts during both good and bad market conditions. Over the long term, your returns average out to mirror the overall market performance. Which approach to choose depends on your financial situation. If you don’t have a large capital now, DCA is a solid choice since it allows you to start investing earlier, even if it’s $100 each month. The longer you invest, the more money you will have, thanks to the power of compounding. But if you do have a sizable amount of money to invest (after setting aside your emergency fund, buying adequate insurance, paying down high-interest loans), research by Vanguard shows that on average, lump-sum investing is better than DCA two-thirds of the time. As for the second part of your question, we don’t advise changing your portfolio’s downside risk level in response to short-term market movements. During the risk assessment you took before investing with Syfe, we’d have recommended a portfolio that fits your unique risk appetite. Your downside risk level should depend on your risk appetite, and not just on returns. Generally, you may find that your risk appetite has changed after certain life events such as a new addition to your family. In such cases, you may re-evaluate your risk appetite by taking our risk assessment again. Alternatively, you may speak to our Syfe expert for more personalised advice. Hope this helps and wishing you all the best in your investment journey :)

Investments

Syfe

Dhruv Arora
Dhruv Arora, Founder & Chief Executive Officer at Syfe
Level 6. Master
Updated on 02 Sep 2019
Hi Nicholas, thanks for your interest in Syfe! Allow me to add on to what David has shared. Syfe’s key strength lies in our proprietary Automated Risk-managed Investments (ARI) methodology. ARI combines two of the world’s leading investment approaches and is built by a team of academics, technologists and former bankers. ARI creates your portfolio by allocating assets which have shown the best return for your risk profile. But more importantly, it continually monitors your portfolio. During periods where higher market volatility has been forecasted, ARI will adjust your portfolio allocation and reduce your exposure to higher-risk asset classes. This ensures your portfolio risk stays aligned to your desired risk level. Conversely, during periods of market calm, ARI will adjust your portfolio allocation to include more higher-risk assets so your overall portfolio risk is kept in line with your desired risk exposure but you get to capture the market upside as well. The result is that ARI helps you achieve benchmark-beating returns by maintaining your desired risk level, no matter what market conditions may be - just as a real wealth manager should do for you, round the clock. If you would like to know more about Syfe, do feel free to drop by our weekly investing workshops. I’d be happy to chat with you regarding your investing goals so you can make a more informed decision.
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About Syfe
OperationsCapital Markets Services Licence (CMS100837)
MethodologyGlobally diversified ETF portfolios (from BlackRock, Vanguard and State Street) built based on investors’ risk profiles and continually risk-managed to keep portfolio risk in line with an investor’s chosen Downside Risk level.
FeesSimple, all-inclusive fee of 0.65% p.a, prorated only to the duration used.
MinimumNo minimum investment, no entry fees, no withdrawal fees

About Syfe


Syfe is the digital wealth manager for investors who expect more – greater transparency, smarter portfolios, and better returns at a lower risk. Regulated by the MAS under a Capital Markets Services License, Syfe combines leading investment strategies with cutting-edge technology to offer retail investors wealth solutions typically reserved for the ultra-rich.
Each portfolio is invested in quality, low-cost Exchange-traded Funds (ETFs) globally diversified across assets, geography and sectors. Funds are invested in the world’s largest investment funds, including BlackRock, Vanguard and State Street.

Our Investment Strategy

Syfe’s investment philosophy is defined by our proprietary Automated Risk-managed Investments strategy (ARI). If the team’s combined finance and investment experience of over 100 years has taught us one thing, it is that returns cannot be accurately predicted, but the risk can be managed. Based on your risk assessment, ARI builds you a personalised investment portfolio, allocating assets which have shown the best return for your risk profile. By maintaining your desired risk level across all market conditions, ARI helps you achieve better returns at a lower risk.

  • During periods where higher market volatility has been forecasted, ARI will rebalance your portfolio allocation and reduce your exposure to higher-risk asset classes. This ensures your portfolio risk stays aligned to your desired risk level.
  • During periods of market calm, ARI will adjust your portfolio allocation to allocate more to higher-risk assets. Your overall portfolio risk is still kept in line with your desired risk exposure, but you capture the market upside as well. To find out more, please download our investment white paper here.

How To Get Started

Investor Risk Profiling

  • Complete a risk questionnaire to understand your ideal risk level
  • Go with our recommended risk level or select your own
  • Confirm your portfolio and set up your Syfe account
  • Submit your identity documents for verification by uploading them online or through MyInfo for faster approval Portfolio Activation
  • To fund your portfolio, you may transfer funds through FAST / PayNow
  • For transfers in USD, you may do so through Telegraphic Transfers or using platforms such as Transferwise.
  • Your funds will be invested in your portfolio within 1 - 2 business days
  • You can transfer funds to your Syfe account and withdraw anytime at no extra charge

Good To Know

  • The minimum age to open an account with Syfe is 18 years old
  • Your Syfe account can be funded in both SGD and USD
  • Syfe does not charge you brokerage fees. There are no entry or exit fees and no hidden charges.

For more information, please visit Syfe’s FAQ page here.

Contact Syfe

  • General line: +65 3138 1215
  • Email: [email protected]
  • Address: 10th Floor, UIC Building, 5 Shenton Way, Singapore 068808