Source: StashAway

In Part I of this Article, I described what I disliked about StashAway. In Part II, I will mention what I liked about this roboadviser.

What happens when StashAway goes bust? On their FAQ, they state that:

Technically, the ETFs are owned by Saxo, our broker. Asia Wealth Platform Pte Ltd (our legal entity) is a beneficiary of Saxo. Similarly, you are a beneficiary on our ledger. So in short, you are the owner of the ETFs in your portfolio(s).

I emailed them to find out more, and you can take a look at the exchange below, emphasis in bold.

Hi xxx,

I noticed from your FAQ that the legal owner of the securities is:

Technically, the ETFs are owned by Saxo, our broker. Asia Wealth Platform Pte Ltd (our legal entity) is a beneficiary of Saxo. Similarly, you are