Best Robo Advisors in Singapore 2021

Robo advisors have become an attractive, low-cost alternative to traditional wealth management advisors. Our investing team's analysis of the robo platforms available in Singapore helps you choose the best option based on each platform's fees and asset variety.

Best Robo Advisors: Platform Cost Comparison

According to our research and analysis, the list below represents the best robo advisors currently available to individuals in Singapore. To compare platforms, we gathered pricing data and reviewed the features and key characteristics of all platforms with information readily available online.

Annual Fee Cost Comparison, based on S$50,000 investment

Best Robo Advisor Overall: Endowus

Consider this if you want to invest your cash, CPF, or SRS funds with a robo advisor
  • Minimum Investment
    • S$1,000
    • MAS Licence
      • Financial Advisor License

      Endowus is the best Robo Advisor because it offers low fees, it is the only platform that allows individuals to invest using their CPF savings, and it offers its users a great promotion. For example, Endowus has low management fees of 0.25%-0.60% for cash funds, and 0.40% for CPF and SRS funds. Moreover, they don't charge for transfers, withdrawals, accounting openings or closures.

      Additionally, Endowus only receives payments from investors and does not receive trailer fees from fund managers. The only downside to using Endowus is that it requires a minimum account balance of S$1,000, but this is still very competitive.

      Furthermore, the new Endowus Cash Smart Ultra portfolio uniquely optimises investments to earn high yields while minimising risk. Its 1.8 to 2.0% yield target is the highest in the market among cash management accounts.

      For those who are willing to make a significant investment, Endowus is an excellent choice due to its low fees and convenient platform for investing of CPF funds, SRS funds, and cash. Individuals that sign up for Endowus through ValueChampion will receive a S$20 promotional discount off of Endowus's fees (minimum deposit of S$1,000).

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      Total InvestmentCash PortfolioCPF/SRS Portfolio
      Up to S$200,0000.60%0.40%
      S$200,001 to S$1,000,0000.50%0.40%
      S$1,000,001 to S$5,000,0000.35%0.40%
      S$5,000,001+0.25%0.40%

      Best Robo Advisor for Large Investments: StashAway

      Consider this if you plan to invest at least S$2 million through a robo advisor
      • Minimum Investment
        • N/A
        • MAS Licence
          • Capital Market Services License

          StashAway is the best robo investing platform in Singapore for those seeking to make a very large investment. For investors seeking to invest S$2,000,000 or more, StashAway charges the lowest fees. The platform leverages its trademarked investing algorithm to adapt to economic trends as well as to customise portfolio's by the investor's risk appetite. StashAway does not charge fees for withdrawals, transfers or account closure, nor does it require a minimum account balance.

          Furthermore, StashAway offers a diverse set of product lines that range from automated SRS investing, a StashAway Simple cash management account, and their new term life insurance plan, resulting in a well-rounded wealth management service. Finally, users that sign up through ValueChampion will receive 50% off Stashaway's fees for their first S$70,000 invested, for 6 months.

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          Total InvestmentAnnual Fee Rate
          First $25,0000.80%
          Any additional amount $25,000 - $50,0000.70%
          Any additional amount $50,000 - $100,0000.60%
          Any additional amount $100,000 - $250,0000.50%
          Any additional amount $250,000 - $500,0000.40%
          Any additional amount $500,000 - $1,000,0000.30%
          Any amount above $1,000,0000.20%

          Best Robo Advisor for REITs: Syfe

          Consider this if you want to invest in REITs via a robo advisor
          • Minimum Investment
            • N/A
            • MAS Licence
              • Capital Markets Services License

              Syfe is the only robo advisor in Singapore to offer a REIT-specific portfolio. The platform's users are able to invest in the Syfe+ REIT, which is risk-managed and charges competitive fees compared to other robo advisors in Singapore. Not only that, the platform allows individuals to invest in REITs (real estate investment trust) without a minimum investment requirement. This is unique investing directly in an REIT typically requires purchasing a specified number of units. Finally, the platform allows for automatic rebalancing and reinvesting of dividends, which is not typically possible using a traditional broker. For these reasons, Syfe is worth considering for those interested in real estate investing via a robo advisor. Use promo code VALUECHAMPION to earn a sign-up bonus of up to S$100.

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              Total InvestmentAnnual Fee Rate
              Less than $20,0000.65%
              S$20,000-S$100,0000.50%
              S$100,000+0.40%

              Best Bank Robo Advisor Platforms

              Due to their proprietary algorithms and lean business models, robo advisors have been able to disrupt the traditional financial planning industry. However, for those individuals who would rather invest in a robo platform offered by a bank that they are more familiar with, there are a few solid options available.

              Best Bank Robo Advisor for Small Investments: DBS digiPortfolio

              Consider this if you prefer to invest a small amount through a well-known bank
              • Minimum Investment
                • S$1,000
                • MAS Licence
                  • Yes

                  For those hoping to invest a small amount in a bank's robo platform, DBS's digiPortfolio is a great choice. The bank's management fee for its Global Portfolio accounts (0.75%) are lower than any other bank for amounts of less than S$50,000. However, it is important to keep in mind that DBS digiPortfolio's fees are significantly more expensive than the platforms mentioned above.

                  Total InvestmentGlobal PortfolioGlobal Portfolio Plus
                  Under S$10,0000.75%0.85%
                  Next S$40,0000.75%0.80%
                  Accounts over S$100,0000.75%0.75%

                  Best Bank Robo Advisor for Large Investments: Utrade Robo (UOB)

                  Consider this if you prefer to invest a large amount through a well-known bank
                  • Minimum Investment
                    • S$5,000
                    • MAS Licence
                      • Yes

                      For those seeking to invest a large sum through a bank that they are familiar with, Utrade Robo is the most affordable option. The banks fees of 0.68% for accounts of S$50,000 - S$100,000 and 0.5% for those of more than S$100,000 are the lowest of any traditional bank. Still, investors that are comfortable with any of the non-bank robo investing platforms, will pay even less in management fees.

                      Total InvestmentAnnual Fee
                      Under S$50,0000.88%
                      S$50,000 - S$100,0000.68%
                      Accounts over S$100,0000.50%

                      Best Managed Regular Savings Plan: Saxo's Regular Savings Plan

                      Consider this if you seek an affordable alternative to a robo advisor
                      • Minimum Investment
                        • S$2,000
                        • MAS Licence
                          • Capital Markets Services Licensee

                          Saxo's Regular Savings Plan gives individuals access to managed portfolios at a relatively low cost (0.75% annually). These savings plans require a monthly investment of just S$100 and minimum initial investment of S$2,000 (previously $10,000). Not only that, Saxo is partnering with BlackRock, the world's largest asset manager, to provide various risk-based portfolios based on the user's preferences.

                          Read Our Full Review

                          Initial Investment RequirementS$2,000
                          Minimum Monthly ContributionS$100
                          Annual Service Fee0.75%
                          Transaction FeesN/A
                          Custody FeeN/A

                          Cheapest Robo Advisor in Singapore: Kristal.AI

                          Kristal.AI Investment Account - Freedom Account
                          Kristal.AI Investment Account - Freedom Account
                          Consider this if you seek a robo advisor with very low fees
                          • Minimum Investment
                            • N/A
                            • MAS Licence
                              • Capital Markets Services License

                              Kristal.AI stands out among the crowded field of robo advisors in Singapore due to its low fees. For example, investors with more than $50,000 (approximately S$70,000) in their accounts are charged a platform fee of just 0.30%, and those with less than $50,000 can invest with Kristal for free. On top of their low fees, Kristal.AI does not charge penalties for opening or closing an account, and there is no lock-in period required by the platform. Additionally, Kristal.AI is a great advisor for those seeking some human interaction, as it offers 24/7 customer support via phone, email and messaging. Finally, Kristal.AI requires an initial investment of just S$10, making it accessible to all investors.

                              Read Our Full Review

                              Total InvestmentKristal FreedomKristal Private Wealth*
                              First $50,000FreeN/A
                              Any additional above $50,0000.30%0.50%
                              * Professional investors only (Net worth S$1M (excluding residence) or S$200,000 annual income for at least 2 years)

                              Frequently Asked Questions

                              When comparing robo advisors, it is important to consider a number of factors. First, it is essential to compare the fee structure of each advisor. Most platforms tend to charge fees of 0.25% - 1.00%, depending on the amount invested. The amount of fees you will be charged is the best way to directly compare each robo advisor. This is because the platforms do not always disclose the details of their investment strategies.

                              For the same reason, it is difficult to know exactly what type of returns you can expect from each robo advisor. That said, most robo advising platforms offer portfolios with a range of risk and return profiles. Finally, it is important to compare the minimum investment requirement of each platform. While several robo advisors have very low minimum account balances (or none at all), others require several thousand dollars, which can be prohibitive for some individuals.

                              Robo advisors in Singapore tend to use a strategic combination of inexpensive ETFs to provide an affordable alternative to wealth management services. ETFs (exchange-traded funds) track a wide range of indices and are tradable by individual investors. The advantage of investing with robo advisor is that the platform will select a diversified portfolio of ETFs based on your investment goals (e.g. saving for retirement, a new home or university tuition) and economic conditions. On the other hand, other robo advisors choose to invest in unit trusts. There are several reasons an investor might prefer exposure to unit trusts rather than ETFs. For example, unit trusts are actively managed by professional fund managers.

                              For many individuals, this research and expertise provided by robo advisors is quite valuable and well worth the relatively small management fee. However, those that would prefer to conduct their own research and choose individual stocks, bonds or ETFs should consider investing through an online brokerage instead.

                              Methodology

                              During our review and analysis of the best robo advisors in Singapore, we compared the following 12 platforms. We gathered and analysed data points that are most relevant to investors, in particular we focused on platform pricing and other fees.

                              Robo Advisors in ValueChampion's Review
                              AutoWealthCGIS CIMB eWealthDBS digiPortfolioEndowus
                              Kristal.AIMoneyOwlPhillip SMART PortfolioOCBC RoboInvest
                              SmartlyStashAwaySyfeUtrade Robo

                              Additional Resources

                              Looking for more information? Use our free resources to find the answers to all the questions you may have about health insurance, hospitals and healthcare in Singapore.

                              Stephen Lee

                              Stephen Lee is a Senior Research Analyst at ValueChampion, specializing in insurance. He holds a Bachelor of Arts degree in International Studies from the University of Washington, and his prior work experience include risk management and underwriting for professional liability and specialty insurance at Victor Insurance. Additionally, Stephen is a former US Peace Corps Volunteer in Myanmar (serving between 2018-2020), where he continues to provide business development consulting services to HR companies in Asia Pacific.