Best Robo Advisors in Singapore (2024)

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DBS digiPortfolio

DBS digiPortfolio

Featured
DBS digiPortfolio
0.75%

Min. Annual Management Fee

S$0

Annual Platform Fee

S$1,000

Min. Deposit

Stashaway

Stashaway

Featured
Stashaway
0.2%

Min. Annual Management Fee

Minimum fee of 0.2% per year, charged as a percentage of your total portfolio value
S$0

Annual Platform Fee

No annual fee is required for use of StashAway’s platform
S$0

Min. Deposit

Start investing with no upfront deposit required
Endowus

Endowus

Featured
Endowus
0.25%

Min. Annual Management Fee

S$0

Annual Platform Fee

S$1,000

Min. Deposit

Syfe

Syfe

Syfe
0.4%

Min. Annual Management Fee

S$0

Annual Platform Fee

S$0

Min. Deposit

Kristal.AI

Kristal.AI

Popular
Kristal.AI
0%

Min. Annual Management Fee

No minimum annual fee is required for Kristal.AI to manage your portfolio
S$0

Annual Platform Fee

No annual fee is required for use of Kristal.AI’s platform
S$0

Min. Deposit

Start investing with no upfront deposit
MoneyOwl

MoneyOwl

MoneyOwl
0%

Min. Annual Management Fee

No minimum annual fee is required for MoneyOwl to manage your portfolio
S$0

Annual Platform Fee

No annual fee is required for use of MoneyOwl’s platform
S$50

Min. Deposit

Start investing with just S$50 per month, or S$100 lump sum

Best Robo Advisors In Singapore (2022)

Product Name

Stashaway

Minimum Annual Management Fee

0.2%

Minimum Deposit

S$0

Product Name

Syfe

Minimum Annual Management Fee

0.4%

Minimum Deposit

S$0

Product Name

Kristal.AI

Minimum Annual Management Fee

0%

Minimum Deposit

S$0

Product Name

MoneyOwl

Minimum Annual Management Fee

0%

Minimum Deposit

S$50

Best Robo Advisors In Singapore (2022)

Product Name

Minimum Annual Management Fee

Minimum Deposit

Stashaway
0.2%
S$0
Syfe
0.4%
S$0
Kristal.AI
0%
S$0
MoneyOwl
0%
S$50

SingSaver Explains: Robo-Advisors

Robo-Advisors are the new investment kids on the block. Here's all you need to know about them and how they help grow your wealth.

What are robo-advisors?

Robo-advisors are digital advisory investment platforms. An underlying algorithm automates your investments and the management of your portfolio. As little human intervention is involved, you can expect cheaper management fees.

To better understand these new-age investment platforms, you can read this guide.

How do robo-advisors work?

Robo-advisors curate a portfolio based on your financial goals, investment horizon and risk appetite. This is determined by the inputs you share during your account creation. Portfolios offered by robo-advisors are typically made up of investment types such as Exchange Traded Funds (ETFs) and mutual funds that invest in a variety of asset classes.

The robo-advisor’s algorithm will invest your money through the selected portfolio and automatically rebalance it whenever it strays from the asset allocation, or when you deposit or withdraw funds from the portfolio.

Pros and cons of investing using robo-advisors

Pros:

  • Low cost
  • Low minimum investment amount required
  • Gain access to global markets and diversified portfolios that suit your risk appetite
  • No lock-in fee or period

Cons:

  • Some robo-advisors require a minimum investment amount that can range from S$3,000 to S$10,000
  • Enjoy even lower costs only when you invest large sums
  • Not 100% personalised

Which are the best robo-advisors in Singapore?

The best robo-advisor depends on your personal investment preference. Are you looking for the platform with the lowest fees, or are you looking for a robo-advisor with a unique product to complement your portfolio?

To help you with your decision, you can check out this article on the best robo-advisors in Singapore.

What are the robo-advisory fees like?

Robo-advisors are known for their low fees. You can expect to pay a management or advisory fee to the robo-advisor for managing your portfolio. Charged as a percentage of your portfolio size, management fees can range from 0.2% to 0.88% per annum depending on your investment type and total investment amount. This fee covers components such as rebalancing costs, transaction fees, account creation and custody fees.

Besides the management fee, there are also additional fees involved, such as the total expense ratio and currency conversion fees.


Need some help?
No worries, we've got you covered.
Who should consider robo-advisors?

You can consider robo-advisors if you are looking to grow your money, be it for retirement, financial independence or simply hedging against inflation. Robo-advisors are best made for those:


  • Looking for a low-cost way to invest
  • With little investment capital
  • Wanting a diversified portfolio
  • Sourcing for investment options for their Supplementary Retirement Scheme (SRS) funds
How do I choose a robo-advisor?

You can choose a robo-advisor based on factors such as:


  • Management fee
  • Minimum investment amount required
  • Asset class the robo-advisor invests in (e.g. ETFs or mutual funds)
  • Types of portfolios available
  • Investment methodology or algorithm
  • Whether you can set up a Regular Savings Plan (RSP)
Which investment goal would robo-advisors be suitable for?
In Singapore, you can invest your cash, Supplementary Retirement Scheme (SRS) funds and even CPF in robo-advisors. As your portfolio with the robo-advisor depends on your inputs that indicate your risk appetite, investment horizon and goals, there is a portfolio for everyone. Some robo-advisors even allow you to create multiple portfolios with varying risk levels for different financial goals.
What should I look out for and consider before investing using robo-advisors?

Before investing using robo-advisors, you should first consider your financial situation. Do you have an emergency fund to tide you through at least six months of unemployment? Are there big-ticket expenses coming up that will require you to use this investment capital?

You should also consider how much you are looking to invest as this could affect the management fee you’ll be paying.


Are robo-advisors worth it?

One concern investors might have with robo-advisors is the safety and security of your assets. To help you rest easier, these robo-advisors have to be licensed by the Monetary Authority of Singapore (MAS).

Your assets are also held in a custodian account by large, established brokerages such as UOB Kay Hian and SAXO markets. This custodian account is opened in your own name, which means that should the robo-advisor go bust or be acquired, your money is still intact.


Confused about Robo-Advisor terms?

Glossary terms to know for first-time Robo-Advisor users

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