Robo advisors appeal to a younger generation of investors because of their low management fees and small investment amounts required. With Covid-19 creating much uncertainty in the stock market, this may be your ticket towards financial freedom.
Singapore robo advisors commands about $1.5 billion in assets under management, spread over about 105,000 users. This is but a fraction of our $3.4 trillion asset management industry, but they are increasingly becoming a ‘standard’ in the investment menu, especially among the digitally-savvy set.
But their growing popularity also means there are quite a few robo advisors to choose from. So, who do you pick and why? Here’s a look at five robo advisors in Singapore to help you find the perfect fit: