Saving money or investing is essential nowadays to better prepare for emergencies or the future. Robo advisors allow us to invest money, plan finances, and set future goals while having little to no human supervision. This platform can collect information from clients and gives advice and suggest investments depending on the client’s preference. With an extensive variety of Robo advisors in the market, which then is the best Robo advisor in Singapore? In our Best of Lifestyle series, we introduce the 10 Best Robo Advisor in Singapore, providing quality recommendations based on your business and budget needs.
This article was last updated on 10 January 2023.
Table of Contents:
10 Best Robo Advisor in Singapore
Whether in cash, CPF, or SRS, Endowus can manage your investment in the most efficient way possible. This Robo advisor is known for having low fees and transparency in all transactions. Also, it is one of the few Robo advisors that allows clients to invest their CPF funds. To start an account, there is a minimum initial investment of $1,000 that can be fulfilled by multiple funding sources.
With the Endowus Cash Smart, you are provided with the most suitable portfolio for you, which can have projected returns of up to 2.1% after fees. If you are thinking of fees for their services, they charge different amounts depending on the length of the investment, funding source, and total funds. These fees can range from 0.05% for short term investments to 0.60% for long term cash investments in multi-source portfolios.
Endowus also provides their clients with a list of unit trusts that accepts cash, CPF, and SRS investments. With these lists, clients can make their investment portfolios based on their needs or preferences. These lists also show the type of investment of the unit trust, asset class, and other necessary details for investment. The low and transparent fees for investments are due to working directly with global fund managers.
Address: 158 Cecil Street, #08-01, Singapore 069545
Tel.: +65 3138 9167
A good choice for large investments, StashAway is a suitable Robo advisor for new and experienced investors alike. They have no minimum account balance and minimum deposit needed for accounts. Aside from cash investments, you can also invest your SRS funds with them to grow your funds before you retire. Their annual management fees start at 0.8% for the first $25,000 and can be lowered to 0.2% for investments totalling $2,000,000 and above.
StashAway has several portfolios for investing such as general, goal-based, income, and SRS funds. With StashAway Simple, their cash management portfolio, you can expect a projected return of 1.2% on any amount of cash. You are also free to transfer funds between portfolios without any additional charges. It also allows you to withdraw from your accounts without a lock-in period. Additionally, you can easily access your account through their app that is available on Google Play, Apple App Store, and Huawei AppGallery.
Address: 105 Cecil St, #14-01 The Octagon, Singapore 069534
Tel.: +65 6958 1052
Known for having several portfolios for their clients, Syfe can offer you the investment options that will fit your needs. You can choose from portfolios with access to diverse stocks, high returns, high income, and stable returns. Their annual management fees range from 0.4% to 0.65% where lower fees are given to accounts with higher investment sums. When you make an account with them, you are also granted access to wealth experts for additional consultations.
Syfe is also known for its REIT+ investment portfolio. This portfolio gives you access to some of Singapore’s largest and most tradable REITs. It has a very attractive dividend yield of 5.1% in 2019 and has an optional risk management strategy. Also, you can have your dividends paid out quarterly or automatically reinvested. For their fees, it starts at 0.35% annual fees, but there are no entry or exit charges, no investment minimums, and no lock-in period.
Address: #11-01 11th Floor, The House Of Eden, 4 Robinson Road, Singapore 048543
Tel.: +65 3138 1215
Kristal.AI is a wealth management platform for both first-time and high net worth investors. This is another Robo advisor that does not require a minimum sum to be invested. Also, they charge a fee of 0.3% for standard investment accounts but do not charge management fees for accounts with a balance below $50,000. This Robo advisor also gives you the freedom and resources to build a multi-asset strategy. This is ideal for clients who prefer high-risk investments with high returns.
Address: Kristal Advisors (SG) Pte Ltd. 50-03, AXA Tower, 8 Shenton Way, Singapore 068811
Tel.: +65 8511 9486
If you prefer to invest in a Robo advisor handled by a bank, then DBS digiPortfolio is the one you are looking for. You will need a minimum of $1,000 to start a portfolio but there is no lock-in period for withdrawals. There is also the option of letting the bank monitor your investments and perform rebalances whenever necessary. You have the option of choosing either Asia or Global portfolios they offer. However, take note that their Global portfolio uses USD instead of SGD. For both portfolios, they have a single per annum management fee of 0.75%.
Address: Check their locations and contacts here
Another Robo advisor under a bank, OCBC RoboInvest offers you a variety of thematic portfolios to choose from. With a minimum starting investment of $100, you can already get started with investing and growing your funds. They have over 36 portfolios to choose from based on annual returns, region, and risk level. These portfolios range from cloud computing to electric vehicles. Also, the accounts for this Robo investor have flexible top-ups and no charges for partial and full withdrawals.
Address: check their locations and contacts here
For a Robo advisor with fixed fees, AutoWealth is the ideal place to invest your money. It requires a starting minimum of $3,000 and charges a fixed 0.5% management fee per annum regardless of the investment total. All of the portfolios offered by AutoWealth are a mix of stocks and government bonds. This makes their portfolios more defensive against changes in the stock market and recession. In addition, they also assign wealth advisors that can provide you with additional financial advice.
Address: 21 Heng Mui Keng Terrace, The Hangar, iCube Building #01-01, National University of Singapore, Singapore 119613
Tel.: +65 6777 7249
If you are new to investing funds, SquirrelSave is a Robo advisor where you can start small and build your way up. At a minimum of $1, you can already make a portfolio with them. You can either choose your risk profile or take their unique risk profiling process to assess your risk-reward behaviour. After determining your risk profile, you only need to input the purpose of your investment and their AI will provide you with the proper advice. From your profile, the AI used in SquirrelSave determines the portfolio that fits your profile and provides the highest predicted return.
Address: 60 Paya Lebar Road, Paya Lebar Square, #11-25 Singapore 409051
Tel.: +65 6631 8933
MoneyOwl is a Robo advisor that can help you grow your finances and carefully plan for your future. Their portfolios include Dimensional, WiseIncome, and WiseSaver. The annual management fees for these portfolios range from 0% to 0.6% depending on the invested sum in the account. Aside from investments, MoneyOwl also offers life insurance and will-writing services.
Address: 23 Keong Saik Road, Singapore 089130
Tel.: +65 6329 9188
10. Utrade Robo
If you plan to make a large investment but want the security of a bank, then Utrade Robo is the Robo advisor for you. It is under UOB Kay Hian which is one of the largest brokerage firms in Asia with over 80 branches worldwide. Being a large bank, you can be given access to a diverse global market of stocks and bonds. Also, the portfolios offered by Utrade Robo is selected based on the lowest ETFs to represent each asset class.
Address: 8 Anthony Road, #01-01, Singapore 229957
Tel.: +65 6536 9338
We hope that our guide on the 10 Best Robo Advisor in Singapore has helped you to find the best Robo advisor in Singapore for your investing and financial management needs. Please share this with your family and friends if you have found it useful.
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