Charles Schwab is the 800-pound gorilla that is going to shake up the software-based investment services dominated by Betterment and Wealthfront, both of which unfortunately are only available in the US as of now. What Charles Schwab is offering –

1. Invest in a portfolio of ETFs that will be automatically rebalanced
2. Fund account with recurring deposits
3. No trading commission
4. No advisory fee
5. No service fee
6. You just pay the normal expense ratios on the underlying ETFs.

To an index investor, all you need to do is to select the ETFs you want, sit back, and relax. They will do the rest of the work for you. At no extra cost. Really exciting development if you ask me, and perhaps this will spur the other big boys to take action as well. At the moment, Charles Schwab does have some presence here in Singapore in the form of OptionsXpress....