DBS recently launched their digiPortfolio, a robo-advisory service targeting retail investors. While a robo-advisory service is not directly related to credit cards, we thought that this was an interesting development in the personal finance industry and that our readers would be interested to read our assessment. Let us know in the comments below if you found this article useful and would like us to spend more time on non-credit card related articles such as these!
Robo-advisory services are provided by asset management firms, which can be a large bank such as DBS, or specialised startups such as Stashaway and Smartly. These firms invests their clients’ money into a portfolio of funds, which is constructed by leveraging on the (usually in-house) Chief Investment Officer (CIO) ‘s views, as the CIO provides the investment outlook for the firm. The clients’ money is then invested into these funds, and their portfolio re-balanced periodically
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