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Syfe

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  • Reviews (769)
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4.6
769 reviews
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claimed

Claimed

This product is managed by Syfe.

USER RATINGS

User Experience

4.7

Ease of Sign up

4.8

Customer Support

4.7

Plans (2)

Syfe

ETFs, Equities, Bonds, REITs, Gold

INSTRUMENTS

0.4% to 0.65%

ANNUAL MANAGEMENT FEE

None

MINIMUM INVESTMENT

N/A

EXPECTED ANNUAL RETURN

Web and Mobile App

PLATFORMS

[EXCLUSIVE] First $30,000 managed free for 6 months using the exclusive promo code "SEEDLYWAIVER". Valid till 16 March 2021.

Syfe Cash+

Cash Management

INSTRUMENTS

None

ANNUAL MANAGEMENT FEE

None

MINIMUM INVESTMENT

1.75%

EXPECTED ANNUAL RETURN

Web and Mobile App

PLATFORMS

Syfe

ETFs, Equities, Bonds, REITs, Gold

INSTRUMENTS

0.4% to 0.65%

ANNUAL MANAGEMENT FEE

None

MINIMUM INVESTMENT

N/A

EXPECTED ANNUAL RETURN

Web and Mobile App

PLATFORMS

[EXCLUSIVE] First $30,000 managed free for 6 months using the exclusive promo code "SEEDLYWAIVER". Valid till 16 March 2021.

Details

Product Page Transparency

  • Claimed in September 2020
  • Pays to access additional features

Syfe Review 2021: Is Syfe the Robo-Advisor For You?

  • Syfe Platform Fees: S$0
  • Minimum Investment: S$0
  • Annual Management Fees: 0.40%-0.65%
  • Syfe uses Automated Risk-Managed Investment (ARI) strategy - to optimise returns in calm markets and control losses in adverse markets
  • No transaction or brokerage fees.
  • 3 portfolio options: Global ARI, Equity 100, and REITs+
  • Seedly exclusive promotion with Syfe available

Read More about Syfe
Reviews (769)

4.6

769 Reviews

  • 5
    541
  • 4
    195
  • 3
    24
  • 2
    7
  • 1
    2

Read Review About...

    Most HelpfulMost RecentLow to HighHigh to Low
    pinned

    Pinned by Syfe

      Updated 4d ago

      Purchased

      Syfe Cash+

      The onboarding was smooth and seamless, felt really quick and easy to sign up anywhere anytime! The team is also on their feet if you require any help so go ahead and reach out if you require additional support (thankfully not for me haha). So far, I am very satisfied with the platform as a novice investor! Cash+ is also free from any charges so it's really good for starters:) try it out if you have yet to! (but of course, do your due diligence and research yeah!)

      0

      Post

      Updated 1d ago

      Purchased

      Syfe

      [User Interface] Simple and clean, straightforward. [Onboarding Experience] Application process quite fast if there is no issue with the documents submitted. [Performance] There's been many reviews and comparisons between stashaway and syfe. In short stashaway uses ERAA while syfe uses smart beta. Both algorithms have their own pros and cons. Key take away is smart beta will perform better than the index over long time period ( either gains more than the index or loses less than the index but not forever gain ) [Customer Support] The customer support has being responsive and helpful. I believe there's only single person handling it so cut her some slack if response slow once in a blue moon. [Suggestion] 1. Possible to integrate equity100 into global ari. This would be some what similar to reit+ implementation so user can easily switch between fully equity and equity with risk management ( assuming this would save processing time from switching between 2 portfolios ) 2. Adding option to switch equity100/global ari to all usd cash so that instead of automatically swap back to sgd user can still keep the selling as usd in the event user wish to temporary sell of the equity and re-enter at later time. [Possible Future Project / Improvement] 1. While the categories chosen is kinda fixed in smart beta would still like the option of choosing option that focuses either "growth" or "value", some sort like what implemented by vanguard. EDIT: I do need to clarify that smart beta is only in the equity100 and the now new core portfolio. The global ari uses risk parity which I guess serve its purpose but many might be dissatisfied especially for its 2020 performance since this approach might not take full advantage of the March recovery where even a basic 60/40 portfolio might end up performs better.

      2

      Syfe

      Syfe

      profile

      2d ago

      Hi JC, thanks for your helpful feedback! You may be interested to know that we just rolled out a new series of Core portfolios. The equity component of Core is an updated version of Equity100. Do check it out here: https://www.syfe.com/core

      JC

      1d ago

      Thanks! Is there any possibility of taking into consideration of the suggestions at least for item no 2? For item no 1 I guess if both portfolio uses different approach and also if global ari do not include nasdaq it will be hard to implement

      Post

      Updated 1d ago

      Purchased

      Syfe

      I've very great user experience with Syfe. Sign up process is also super easy. The App is also very easy to use.

      0

      Post

      Updated 2d ago

      Purchased

      Syfe

      I investment in Syfe Cash + due to deposit % rate more attract than bank . It’s easy to sign up. Currently, only investment in REIT. Plan to investment in equity.

      0

      Post

      Updated 2d ago

      Purchased

      Syfe

      My personal investment gradually increases from S$20K to S$120K with Syfe since 2019. The founder is really witty, humble and down to earth. That’s not the reason why I invest through their platform though. I find their risk management strategy very appealing. As I wouldn’t want an investment that gives me heart attack everyday, knowing that my portfolio downside risk at Syfe is limited to 7% gives me a piece of mind. Plus their admin fee is really reasonable comparing to unit trust. However, later then I found out that my money was left to rot in the portfolio without active management. Around May 2020, I reached out and tried to diversify the portfolio (shouting SOS basically) and manage to convert some hard earned money to Equity 100, 100% REITS and REITS plus. The Global ARI portfolio is a total bummer to me even after increasing the downside risk from 7% to 15%, plus the USD depreciation it is basically going down the drain. I cannot imagine what is gonna happen if I were to just leave it and let the portfolio go long term (as what they advocate) without reviewing it myself.

      4

      2 more comments

      Bing

      2d ago

      Hi Elaine, I am reading from what you wrote that Equity 100, REITS and REITS Plus are actively managed and Global ARI is not actively managed? Why does Global ARI portfolio go down the drain when the downside risk is buffered by bonds and gold?

      Elaine Ho

      Elaine Ho

      2d ago

      Global ARI fails to capture the up side when opportunity rises. A good example is post COVID period. All of my investment across the board are profiting at at least 7% above but Syfe Global ARI was still in red. Deep red. The right move was to switch from Global ARI to Equity 100 for time being to cut losses cos during that time not only the USD was depreciating, the bonds prices were down too. However, the Syfe “wealth expert” advised to increase my downside risk from 7% to 15% and I was hoping for whatever the composition (algorithm) behind 15% downside risk could help to bring up the price to a more manageable level. Unfortunately it didn’t. It was a lost cause so I decided to change allocate 40% of the funds to Equity100 that’s when I make up for the losses and turn negative to positive. Syfe’s Global ARI promises u that u will not lose more than the downside risk percentage but it does not promise you gain. Base on rah-rah statistics, they bet on people putting money in Global ARI for 20 years and make little money along the way with manageable risk. No tactic whatsoever, they guarantee u won’t lose money and that’s all there is. My grandma could’ve done better 😆 For me, I would’ve invested in unit trust funds, manage it actively & tactically and getting more ROI out of it. Syfe may be introducing more products that help people make money now but I must say the customer service needs some serious improvements. Algorithm is a black hole and I think after trying robo for the first time I will put only a small percentage of my $ in Robo advisor platform to watch how they evolve. Anyway, it’s Just my two cents’ worth of review and personal experience. After all I’m not a multi millionaire, am sure there’re lotta them out there who love Syfe.

      Post

    Questions (0)
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      Features of Syfe

      • Syfe Platform Fees: S$0
      • Minimum Investment: S$0
      • Annual Management Fees: 0.40%-0.65%
      • No withdrawal or brokerage fees
      • Methodology: Believes long-term investing is more about managing risks than chasing returns. Takes a dynamic, risk-based approach to your portfolio’s asset allocation to deliver better returns.
      • Investment Portfolios available: Curated ETFs including:
        REITs (REITS+for the SGX iEdge S-REIT Leaders Index)
        Equities (Equity100 - where your portfolio is invested entirely into equities)

      Portfolios are continuously risk-managed to keep portfolio risk in line with an investor’s chosen Downside Risk level to preserve capital and maximize long-term returns.

      Syfe's investment offerings include globally diversified ETF portfolios from the largest fund managers such as BlackRock, Vanguard and State Street, and a REIT+ portfolio comprising Singapore REITs and government bonds.

      Fees for Syfe Robo-Advisor

      The fees you have to pay Syfe depends on which tier of membership you're at:

      Blue

      Black

      Gold

      Management Fee per year

      0.65%

      0.50%

      0.40%

      Total sum of invested / Value across all portfolios

      below S$20k

      from S$20k

      from S$100k

      Financial Planning Session

      S$299 (optional)

      Included

      Included

      Other Fees to take note of:

      ETF Management Fees - These are reflected in the prices of your ETFs average to about 0.15% (S$15 per S$10,000 invested annually). This is charged by the ETF manager and not by Syfe.

      How Does Syfe Work?

      Syfe’s investment philosophy is defined by our proprietary Automated Risk-managed Investments strategy (ARI).

      The team at Syfe believes 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 that 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.

      Steps to Redeem Exclusive Promotion

      1. Build your portfolio via the link on the "Apply Now" button
      2. When creating your account, insert the promo code as your Referral code
      3. Get your first investment of up to S$30,000 managed free for 6 months

      Terms and conditions:

      1. This exclusive promotion is valid between to October 16, 2020 to March 16, 2021.
      2. All funds invested anytime during the 6 months after a client's first investment will not incur any management fees i.e. a new Syfe client makes a first deposit on 16 October 2020. This and all subsequent deposits made during the next 6 months will not be charged any management fee, up to a cap of S$30,000.
      3. Only customers new to Syfe are eligible for this promotion.
      4. Only accounts funded in SGD are eligible for this promotion.
      5. We may at our full discretion, change these terms and conditions and suspend or terminate any of the promotions without giving any notice. Where a dispute involving the interpretation of terms and conditions arises, we reserve the right to have the final say.

      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

      Eligibility: Who Can Apply for Syfe?

      • 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.

      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.

      Contact Syfe

      • Tel: +65-3138-1215
      • Address: 10th Floor, UIC Building, 5 Shenton Way, Singapore 068808

      Operations

      Capital Markets Services Licence (CMS100837)

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