What is SaxoWealthCare?
SaxoWealthCare is brokerage Saxo Market’s latest asset management service. The digital wealth manager manages your money for you based on your investment plan.
Is it a robo-advisor?
SaxoWealthCare is similar, but not exactly a robo-advisor.
Robo-advisors use algorithms to automatically monitor and rebalance your portfolio. There is no human advisor to offer financial planning advice; the robo-advisor just focuses on allocating your funds.
Digital advisors like SaxoWealthCare are a cross between robo-advisors and traditional financial advisors. Algorithms are still used to help allocate your money, but there are fund managers involved to provide support and offer customised investment plans as well.
READ MORE: A Beginner’s Guide to Investing With Robo Advisors in Singapore.
What’s great about SaxoWealthCare
1. Personalised Investment Plans...