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AutoWealth – Profitable And Partnering Digital Bank License Applicant, Beyond Consortium
By Turtle Investor  •  September 27, 2020
Just a few days back, I was notified by my AutoWealth wealth manager of some very interesting updates regarding AutoWealth! A few months ago, I have mentioned that AutoWealth is expected to be profitable in Q3, 2020 – a mean feat that I’m not sure if any of the Singapore robo-advisors has managed to achieve. I have written my thoughts on this in the above post on why AutoWealth is such a different (and under-estimated) beast in the robo-advisory space. I’m the 12th man for AutoWealth Time and again, I have found myself doing free work for AutoWealth laughs but don’t be mistaken, I’m more than happy to give them a hand when it comes to organic growth. A lot of their growth has been the result of word-of-mouth recommendations / referrals and bloggers like myself who write about our no-frills index investing experience. They do very little marketing, if any, but get by just as well with an extremely lean team....
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By Turtle Investor
Hello there! I am Kevin and the author behind the Turtle Investor blog. At age 37, I hit CPF Full Retirement Sum (FRS) of $176,000 on the last day of 2019, twelve years after graduating from university. I am married and owns a 4-room apartment. I continue to be gainfully employed to build up my portfolio and provide my loved ones with better lives. Leaving everything behind and transitioning to a digital nomad life in Bali remains an option but not something that I’m actively pursuing now 🙂
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