Best Robo-Advisors in Singapore 2020 - Seedly
Seedly logo
Seedly logo
 
Updated July 2020

Best Robo-Advisors

Compare and read real user reviews on Robo-Advisors in Singapore

12 Products Found

Most Popular
Most ReviewedHighest RatingA-Z
  • 0.2% to 0.8% p.a.
    PRICING
    None
    MINIMUM INVESTMENT
    Web and Mobile App
    PLATFORMS

    User Experience

    4.9

    Ease of Sign up

    4.9

    Customer Support

    4.8
    Nicole Angelina

    "I first started my investing journey on Stashaway. The app is super..." 1d ago

  • 0.4% to 0.65% p.a.
    PRICING
    None
    MINIMUM INVESTMENT
    Web and Mobile App
    PLATFORMS
    [EXCLUSIVE] Up to $100 cash bonus for new sign-ups using the exclusive promo code "SEEDLYBONUS". View promotion under "More Details". Valid till 30th September 2020.

    User Experience

    4.6

    Ease of Sign up

    4.8

    Customer Support

    4.7
    Hui Wai Kit

    "[Onboarding Experience] [Waiting Time] It took me about 2 days to get verified,..." 1d ago

  • 0.25% to 0.60% p.a.
    PRICING
    $10,000
    MINIMUM INVESTMENT
    Web
    PLATFORMS
    [EXCLUSIVE] $20 off your access fees for new sign-ups through the "Visit Site" link or "Apply Now" button.

    User Experience

    4.9

    Ease of Sign up

    4.9

    Customer Support

    4.9
    Ryan Chong

    "[User Experience] As a web developer myself who works in the same domain,..." 9h ago

  • Flat 0.5% + USD18 platform fee p.a.
    PRICING
    $3,000
    MINIMUM INVESTMENT
    Web only
    PLATFORMS

    User Experience

    4.7

    Ease of Sign up

    4.7

    Customer Support

    4.8
    Jacq Ng

    "Even though they are 'robo' investor, clients are assigned an account manager...." 1w ago

  • 0.88% p.a.
    PRICING
    $1,500
    MINIMUM INVESTMENT
    Web and Mobile App
    PLATFORMS

    User Experience

    4.3

    Ease of Sign up

    4.4

    Customer Support

    4.0
    Ivan H H Tan

    "One year into using this and my portfolio is down 8.3% compared..." 2w ago

  • 0% to 0.3% p.a.
    PRICING
    $100
    MINIMUM INVESTMENT
    Web and Mobile App
    PLATFORMS

    User Experience

    4.4

    Ease of Sign up

    4.8

    Customer Support

    4.7
    SY Muhd

    "Seems like withdrawal of funds is not as fuss free as deposit..." 5d ago

  • User Experience

    4.6

    Ease of Sign up

    5.0

    Customer Support

    4.4
    DY

    "[Updated 3 Jul 2020] It is unfortunate and a painful process that Smartly..." 1w ago

  • 0.75% p.a.
    PRICING
    $1000 to $1357.40
    MINIMUM INVESTMENT
    Web and Mobile App
    PLATFORMS
    Vivien

    "Great platform to invest, especially if you hold a DBS savings account,..." 1w ago

  • 0.5% p.a. + 10% performance fee
    PRICING
    None
    MINIMUM INVESTMENT
    Web only
    PLATFORMS
    Derrek Chua

    "Was doubtful at first about SquirrelSave, but it is actually quite easy..." 3w ago

  • 0.5% p.a.
    PRICING
    $5,000
    MINIMUM INVESTMENT
    Web and Mobile App
    PLATFORMS
    Eric

    "Invested in the Growth portfolio since Feb 17. Total return currently..." 13mth ago

What is a Robo-advisor?

Robo-advisors in Singapore represents a personalised trust where investors can invest their money in.

They provide a investment solutions based on mathematical rules or algorithms. These algorithms are calculated and programmed by humans based on financial models and risk appetites set by the company, and requires lesser human supervision.

This is in contrast to actively managed funds which are run by mutual fund managers. With the use of algorithm, the cost of managing the fund is cheaper as compared to the hefty 2-3% management fee that fund managers usually charge.

In Singapore, most of the robo advisors invest in US and global ETFs, and the portfolios are usually exposed to a variety of asset classes which encompasses equities, commodities and gold.

What happens when one invests in a Robo Advisor?

In Singapore, the process for signing up to invest with a Robo Advisor is as such:

  • First, the robo advisor will collect information from the investor to understand the risk appetite, investment time horizon, future goals and financial situation that the investor is in.
  • Once the above is done, investor will be assigned one of the robo advisor's portfolio that best suits the investor.
  • The investor can then fund the account. This can be done either through a lump sum or monthly option.
  • The robo advisor will then monitor the market, rebalance the portfolio if need be.

As most of these are done with the help of algorithm, investors cannot actively choose to allocate their investment different from the fixed portfolio provided.

Robo-advisors in Singapore

Currently there are a few major Robo-advisors in Singapore.

They are mainly:

  • StashAway
  • AutoWealth
  • Smartly
  • Kristal.AI
  • Syfe
  • SquirrelSave
  • Phillip SMART Portfolio
  • Endowus
  • UTRADE Robo
  • OCBC RoboInvest
  • DBS digiPortfolio

Tools to help you choose the best Robo Advisor for you

To help Singaporeans make smarter personal finance decision, here are some tools to help you:

One can read up our comparison article on all the robo-advisors here:

If there are still questions after reading Real User Reviews on the Robo Advisors or ask the community at Seedly QnA.