Robo advisors are digital platforms that use algorithms to automate your investment portfolios. The usage of algorithms instead of active human management is the key reason that fees are generally lower than that of actively managed funds.
One can get started investing through a Robo Advisor pretty quickly, usually, your account can be set up in 10-15 minutes. When you sign up through the Robo online platform, all you need to do is input your risk profile (aggressive, conservative, balance, etc) and the Robo advisor will start to make a recommendation on your portfolio structure using their algorithm.
The next step is usually to fill in your personal particulars and providing a scanned copy of your IC as well as your banking and funding details. Once the funds are received by the Robo advisors, they will automatically invest it for you with periodic rebalancing. SIMPLE! (more details below).
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