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SG Robo-Advisor Wars: StashAway vs AutoWealth vs Smartly
By Seedly  •  August 21, 2017
There has been a ton of news surrounding Robo-Advisors in Singapore recently. This article serves to be a simple and accurate introduction to what this means and includes a detailed comparison between the 3 main players in the Singapore market. (as of 21 August 2017) What is a Robo-Advisor? In the past, mutual fund managers basically pulled together funds and charged a hefty 2-3% management fee for trying to beat the market. The fees usually eat into returns in the long run and thus the ones who benefited ultimately were the fund managers. Robo-Advisors aim to change that. The Promise: Low-cost Diversified Passive Investing Low Cost: Usually 0.5% to 1% fees are charged for total amount managed (because they are run by models and algorithms behind instead of fund managers, hence the word ‘Robo’) Diversified: Usually put into a basket of Global Exchange Traded Funds (ETFs) which exposes the fund to ......
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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