There are 2 kinds of robo-advisors out there.
The first will be guys like Stashaway, Autowealth, Smartly etc that use publicly listed ETFs to build a portfolio for you.
Then there’s the second group with guys like MoneyOwl and Endowus that use Dimensional Funds to construct a portfolio.
I’ve been getting a number of queries on MoneyOwl recently, so let’s take a closer look at them.
Basics: What is MoneyOwl?The onboarding process for MoneyOwl is no different from any other roboadvisor. You fill up your financial information, goals etc, and it generates a recommended asset allocation for you.
What is slightly different about MoneyOwl, is that:
NTUC Parentage – MoneyOwl is a joint venture between NTUC Enterprise and Providend. That may not mean a lot to the sophisticated guys out there, but you wouldn’t believe the number of conversations I have with investors who are reluctant
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