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UOBAM Invest

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  • Reviews (3)
  • Discussions (0)
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Robo-Advisors/UOBAM Invest
Robo-Advisors/UOBAM Invest
5.0
3 reviews
claimed

Claimed

This product is managed by UOBAM.

UOBAM Invest

Equities, ETFs

INSTRUMENTS

0.6% to 0.8%

ANNUAL MANAGEMENT FEE

$1

MINIMUM INVESTMENT

N/A

EXPECTED ANNUAL RETURN

Mobile App

PLATFORMS

UOBAM Invest

Equities, ETFs

INSTRUMENTS

0.6% to 0.8%

ANNUAL MANAGEMENT FEE

$1

MINIMUM INVESTMENT

N/A

EXPECTED ANNUAL RETURN

Mobile App

PLATFORMS

Details

Product Page Transparency

  • Claimed in June 2021
  • Pays to access additional features

UOBAM Invest Review 2021

  • UOBAM Invest is a UOB robo advisor. As your personal robo-adviser, UOBAM Invest wants to help grow your financial wealth and knowledge according to your personal investment goals and risk profile. Users will be able to receive a customised investment portfolio that best suits their needs, and have a Digital Advisor Portfolio Planner to access the probability of attaining said goals.
  • Additionally, to better understand investing, they are partnered with the financial content provider, Finimize, to provide users with market knowledge and insights.
  • Like the other robo-advisors, UOBAM will help to review and rebalance your chosen portfolios.
  • To start, UOBAM allows lump sum contributions, or the setting up of standing instructions for regular contributions.
  • UOBAM has no account opening or closing fees, but its annual fees are as shown .

Features of UOBAM Invest Robo

  • Annual Fees: 0.80% p.a. or 0.60%p.a. for investments amount below $25,000 and above $25,000 respectively. (inclusive of GST)
  • US Securities Commission: 0.00051% of the value sold
  • Underlying fund-related fees: depends on respective funds.
  • Withdrawal Fees: Unlimited, free withdrawals
  • Types of portfolios available: The portfolios will consist of ETFs which are diversified across asset classes such as equities, bonds, and money markets to receive returns in SGD. Includes REITs, and fixed income asset classes like money market assets, Government Securities Index, Investment Grade Credit, and High Yield Credit Index.
  • Minimum Investment Amount: $1
Read More about UOBAM Invest
Reviews (3)

5.0

3 Reviews

  • 5
    3
  • 4
    0
  • 3
    0
  • 2
    0
  • 1
    0

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    Most HelpfulMost RecentLow to HighHigh to Low
      27 Jun 2021

      Purchased

      UOBAM Invest

      [User Experience] I think the app definitely can be made more slicker, however it works. It shows things clearly and logically, it tells me clearly what's happening with my portfolio! [Returns Rate] Perhaps I was lucky, I started my portfolio before the S&P500 rise, returns rate is nearing 10% for me(?!) if compared capital vs. present portfolio value. [Onboarding Experience] The use of SingPass MyInfo makes things easy definitely!

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      10 Jun 2021

      Purchased

      UOBAM Invest

      I’ve used many other common roboadvisors but was curious when UOB offered UOBAM Invest with a separate mobile app and it’s amazing. It’s been 1 month of using it and I must say the app is great, very smooth, prompt notifications and really simple. Deposits come in the next day and orders get placed instantly when market open. I really enjoy using the app, it’s very simple and fluid, never encounter any bugs and super straightforward. Investing with UOBAM is easy without the need to own a UOB account. UOBAM team also manages cooperate accounts which gave me more confidence on their investment choices. Customer support is decent and my enquiries get a reply within a few hours. I suggest anyone to give it a try, with minimum investment of just $1. The only downside to UOBAM is that there isn’t much options to choose from, you simply set a goal and your risk appetite and you can begin investing and DCA every month with scheduled contributions. I don’t mind it as it makes things simpler for me as a robo investor. Overall great product by UOB compared to other bank offerings.

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      12 Mar 2021

      Purchased

      UOBAM Invest

      [User Experience] Downloaded it in 2020, have topped us twice with the different promotions. Sign up via singpass, top up via paynow, transparent pricing and also slightly modernised interface but yet keeping it factual. Prompt deposits and notifications, wish it would have more investment options. Overall no complains.

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      Fees charged to Investors

      Investment sums S$25,000 and below

      Investment sums Above S$25,000

      Annual fee (inclusive of GST of 7%)

      0.8% p.a.

      0.6% p.a.

      US Securities and Exchange Commission (SEC) fees (applies to sell trades for US-listed ETFs)

      0.00051% of the value sold

      0.00051% of the value sold

      Underlying fund-related fees
      (e.g. Management Fee, Trustee Fee, Valuation Fee etc.) payable out of the Funds to the Managers, the Trustee and other parties

      Please refer to respective fund prospectus.

      Please refer to respective fund prospectus.

      Withdrawal Fees

      Free

      Free

      Fees and Charges for UOBAM Invest Roboadvisor

      To compare more about Singapore robo-advisors, check our our robo-advisor category to see real user reviews about Singapore's Best Robo Advisors.

      Alternatively, see what our writer has to say on the Seedly blog about The Ultimate Robo Advisor Singapore Comparison Guide (2021): Autowealth vs Endowus vs Stashaway vs Syfe & More

      Contact UOBAM

      • Click on the Visit Site button above for more information on UOBAM's official webpage
      • Tel: (65) 6532 7988
        1800 22 22 228 (local toll-free)
        1800 22 22 228 (local toll-free)
        (65) 6222 2228 (calling from overseas)
      • Email: [email protected]
      • Address: UOB Plaza 2, 80 Raffles Place, #03-00, Singapore 048624

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