Following my previous articles on StashAway and Autowealth, a number of readers have asked me to do a review on Smartly and OCBC RoboInvest. My response was always the same: I’ve said my piece on robo advisors. If you’re picking between active managed funds such as unit trusts or investment linked products, robo advisors are a great choice. But if you’re able to enter a couple of buy orders every quarter and invest yourself, then you could easily pocket the fees charged (around 0.5% to 1.0% AUM per annum), and achieve about the same returns as a robo advisor.
And then I read this article from the Business Times:
OCBC Bank has launched a robo-investment service for its account holders, using technology developed by Singapore-based fintech startup WeInvest. The launch of OCBC RoboInvest follows a pilot run with selected accredited investors last year. Investors are required to make a...
