Until recently, wealth management services were for the seriously rich. Each client received personalised advice on financial and investment matters, retirement and estate planning and even accounting and tax services. Of course, all these benefits didn’t come cheap. Clients were expected to pay at least 1% of the value of their assets under management as fees every year. Many traditional wealth managers charged a lot more. But in recent times, a number of new financial technology companies have digitalized wealth management services and made them available to investors at a fraction of the rate. Another advantage that these new fintechs or robo advisors provide is that an investor can start with a smaller amount of investing capital. Traditional wealth managers usually require a minimum portfolio of several hundred thousand dollars. Singapore’s automated wealth management platforms Several companies are competing to provide Singaporeans with specially designed portfolio planning and asset management tools....