Syfe
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This product is managed by Syfe.
Summary
Product Page Transparency
- Claimed in September 2020
- Pays to access additional features
Syfe Review 2022
Benefits and Features of Syfe
- Effortless investing with fully managed portfolios
- No minimum investment, free withdrawals anytime
- Choose from 7 portfolio types
- Low fees starting from 0.4% - 0.65% p.a.
- Sign up in 3 minutes using Singpass
Popular Products
This product is managed by Syfe.
Summary
Product Page Transparency
- Claimed in September 2020
- Pays to access additional features
Syfe Review 2022
Benefits and Features of Syfe
- Effortless investing with fully managed portfolios
- No minimum investment, free withdrawals anytime
- Choose from 7 portfolio types
- Low fees starting from 0.4% - 0.65% p.a.
- Sign up in 3 minutes using Singpass
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
Syfe Cash+
Cash Management
INSTRUMENTS
None
ANNUAL MANAGEMENT FEE
None
MINIMUM INVESTMENT
1.5%
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
4.6
925 Reviews
Service Rating
User Experience
Ease of Sign up
Customer Support
Most Helpful
Posted 18d ago
Purchased
Syfe
At the time of writing Syfe only provide 2FA via SMS which is widely accepted to be highly insecure and completely unacceptable on a financial account. If they fix this issue in future then perhaps they may be worth considering at that point. Customer service were at least responsive and did acknowledge the issue so perhaps it is something they are working on. Can't really comment on the equity portfolios as I don't use these kind of platforms for equities, but the income portfolio with funds from Pimco is an interesting product to get access to these funds.0
What are your thoughts?Posted 11 Mar 2023
[User Experience] The app is super user friendly and it's really easy to sign up. Onboarding is easy and fast esp if you're Singaporean with Singpass. Customer support responds relatively quickly as well. [Returns Rate] I'm on Cash+, Equity100 and have some shares on Syfe Trade. Cash+ is doing decently. Only been on Equity100 for about 7 months so yet to see any returns on that.1
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Posted 25 Feb 2023
Purchased
Syfe
I have been using SYFE for over 1.5 years. Overll user experience is amazing. Though investment itself is still in the red (due to the bear market...) The app interface is good. I would suggest to allow more interface themes, othe than the darkblue. sometimes wanted to have bright interface. The interactive graphs (of topups and the value etc) are bit too small and should have option to view on full screen. It would be good to provide features of download the transactions in a excel file. This would help to make more track of the investment by myself.0
What are your thoughts?Posted 24 Dec 2022
Purchased
Syfe
Thank you Syfe for the new app update. (1) But I hope the dashboard can show the TOTAL portfolio value too (i.e. Managed Portfolio value PLUS Cash+ value). (2) The down arrow (i.e. Loss) can be shown in red colour instead of White colour. Same for up arrow, to show as Green colour. (3) When logging-in, can Syfe allow user to choose to "quick enter" without the need to use fingerprint or key in password.0
What are your thoughts?Posted 27 Nov 2022
Purchased
Syfe
Been using Syfe for the Reit. Like the convenience of how the dividend able to be automatically reinvested and how the portfolio will be re-balanced.0
What are your thoughts?Posted 20 Nov 2022
Purchased
Syfe
Initially placed some funds in Equity100 back in 2020 when i just started trying out investing. Fastforward to now, portfolio is at a -10% loss. For the past 2 years, I have bought some stocks in both the SG and US market, all of which outperformed the Equity100. Wasn't expecting a super-high yield from this. But for sure i am not expecting a loss considering that the stocks in my portfolio(outside syfe) are doing fairly decent.1
What are your thoughts?In general the stocks have been down for the last two years.. irrespective of which platform invested, the stock indexes are down. I am yet to see positive in the syfe equity and balance.. though have been regularly topping up for last 1.5 years
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Posted 26 Oct 2022
Purchased
Syfe
[User Experience] Gains and losses calculation were confusing. [Waiting Time] Signing up is quick, however withdrawal is slow. [Returns Rate] Have been on SYFE for almost 2 years. returns were horribly bad compared to DIY ETFs and reits and where gains were mild but losses during dips were a lot more distinctive. Overal DIY ETFs and DIY reits outperformed syfe by a large margin - and this isn't even inclusive of monthly management fees. Though reits were marketed to be a safe investment approach, I've lost approximately a quarter of principals within this 2 years.0
What are your thoughts?Posted 10 Oct 2022
Purchased
Syfe
UI feels good. Might be abit hard to navigate initially but it gets easier. Can try to reduce some clutter. Same day withdrawal for cash + feels good and I can park my spare money there.0
What are your thoughts?Posted 06 Sep 2022
Purchased
Syfe Cash+
signup and onboarding was well done. Underlying assets that the fund buys is highly similar to the other robo-advisors. Syfe generally offers a faster withdrawal than the other roboadvisors, but they recently did a bit of a pivot moving away from human advisors.1
What are your thoughts?Syfe
22 Feb 2021
Hi Boon Tat, thank you for your feedback. We've rolled out a new update for our mobile app, which should make the investing process smoother. The new update also comes with more investor resources. Regarding fund transfers, you will receive a confirmation email from us within 1 working day and your funds will be invested in 1 - 2 working days.
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Posted 06 Sep 2022
Purchased
Syfe
[Performance] Portfolio: Cash+ (cash management) Absolute return: estimated +2.50% p.a. Duration: DCAing since Feb 2021 [General] Shifted my funds from StashAway Simple to Syfe's Cash+ for greater potential returns. Of course this portfolio carries a slightly greater risk and there were days when the value dropped significantly (more volatile than I had expected for a cash management account), but the numbers quickly recovered. I am satisfied with the performance so far and will continue to leave my funds in there instead of the bank. Depositing of funds is a very quick process, much faster than other robo-advisors I have used. Great UI/UX as well for their app.0
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Types of Portfolios at Syfe
Syfe REIT+
- The easier way to earn passive income
- Invest in 20 of the largest Singapore REITs: Ascendas REIT, Mapletree Commercial Trust, CapitaLand Integrated Commercial Trust, and more
- Tracks the SGX iEdge S-REIT Leaders Index
- 2020 dividend yield: 4.5%
Syfe Equity100
- 100% equity exposure
- Invest in over 1,500 of the world’s top companies from US tech giants Apple, Microsoft, Facebook to rising Chinese companies like Tencent, Meituan, Pinduoduo
- Smart beta strategy tilts the portfolio to three factors: China exposure, growth, and low volatility
- Annualised 10-year return of 14.3%
Syfe Core
- All-in-one portfolios holding stocks, bonds and gold
- Choose between Core Growth, Core Balanced, and Core Defensive depending on your investment goals, time horizon and risk appetite
- Diversified exposure to US and China via top companies such as Apple, Microsoft, Alibaba, PepsiCo, Johnson & Johnson, Tencent Holdings and more
Syfe Cash+
- Earn more on your savings with 1.5% p.a. projected returns
- Your money is invested in low-risk money market and short duration bond funds
- No limits, no lock-ins, no Syfe management fee
Fees and Charges for Syfe
There is no minimum investment amount with Syfe. The fees you 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 | No minimum | from S$20,000 | from S$100,000 |
Access to wealth experts | First month only | Yes | Yes, through dedicated expert |
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 helps you grow and manage your money effortlessly through cash management and automated investing. For your long-term wealth goals, choose from six fully-managed investment portfolios. To earn more on your savings, Syfe’s cash management portfolio offers a projected return of 1.5% p.a.
Syfe uses ETFs from leading fund managers such as BlackRock, Vanguard and State Street. Its REIT+ portfolio was launched in collaboration with SGX to allow investors access to the popular iEdge S-REIT Leaders Index.
Syfe builds your portfolio according to your risk tolerance, investing goals, and investment horizon. All you need to do is transfer funds and Syfe will handle everything else from investing your funds, reinvesting your dividends, and rebalancing your portfolio periodically.
How To Start A Syfe Account
- Take a brief risk questionnaire on their site
- Confirm your portfolio and set up your Syfe account
- Use Singpass to create your account in 3 minutes
- To fund your portfolio, you may transfer funds through FAST / PayNow
- Your funds will be invested in your portfolio within 1 - 2 business days
About Syfe
Invest better, faster and smarter with Syfe. Syfe is a digital wealth manager for investors who expect more – greater transparency, smarter personalised portfolios, and better investment outcomes.
As one of Singapore’s fastest-growing robo advisors, we do all the heavy lifting for you, from fund selection, reinvesting dividends to rebalancing your portfolios and more! All you have to do is sit back and watch your money grow. Our portfolios offer a smarter way to invest with low fees and no minimums.
We're also licensed by the MAS under a Capital Markets Services License, so you can be rest assured your money is safe with us.
Contact Syfe
- Email: [email protected]
- Phone: +65 3138 1215
- Address: 4 Robinson Rd, #11-01 The House Of Eden, Singapore 048543
Operations
Capital Markets Services Licence (CMS100837)
Contact us at [email protected] should you require any assistance or spot any inaccuracies.
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All portfolios are in general down for over the two years. I am yet to see positive.. Regularly topping up equity and balanced