As I have mentioned in my previous post, I recently opened a Smartly robo-advisor account with my wife’s referral code. This was introduced recently by Smartly, probably as a response to StashAway’s referral program that was introduced a few month’s back. Competition among the robo-advisors in Singapore is already starting to translate into monetary benefits for retail investors i.e. in the form of platform/account fee waiver for this case.

I reckon the greater the number of retail investors that open accounts with Smartly and StashAway in Singapore, the higher the probability that their platform/account fees might actually reduce over time. Which means as account holders of both Smartly and Stashaway, I now have every incentive to encourage more retail investors to sign up. However, I have been asked by readers why they are unable to find my referral code/link on my blog.

The reason is that my intention for now ...