Kristal.AI is one of Singapore's top robo advisors due to its industry beating fees. For instance, the robo platform does not charge any management fees to those with account balances of less than $50,000 and charges a flat 0.3% for its standard investment accounts. On top of that, the platform allows investors to join with a minimum investment of just S$10. For these reasons, Kristal.AI is incredibly attractive to all types of individuals.
|Summary of Kristal.AI's Robo Advisor Platform|
|Lower management fees than most other online brokers|
|No management fees for accounts of less than $50,000|
|Minimum investment requirement of just $10|
Table of Contents
- What Makes Kristal.AI Stand Out to Investors
- Investment Opportunities at Kristal.AI
- Kristal.AI Investor Eligibility Requirements
What Makes Kristal.AI Stand Out to Investors
Kristal.AI is the lowest-cost robo advisor for nearly all individuals in Singapore. First, it does not charge any management fees to individuals with accounts of $50,000 (approximately S$70,000) or less and just 0.3% p.a. for accounts of more than S$50,000. The only instance in which Kristal's platform is not the least expensive robo advisor, in terms of management fees, is for investments of more than S$2,000,000.
Not only does its pricing structure make it a great option, Kristal.AI's goal-based robo portfolio design (early retirement, vacation, college, etc.) is accessible to anyone with at least $10 to invest. Additionally, the platform stands out due to it's 24-hour, 7-day a week customer service, which includes phone, email and chat options. Like many of the other leading robo advisors in Singapore Kristal.AI does not charge additional advisory, brokerage, performance or account closure fees.
Summary of Kristal.AI's Management Fees
|Total Investment||Kristal Freedom||Kristal Private Wealth*|
|Any additional above $50,000||0.30%||0.50%|
|* Professional investors only (Net worth S$1M (excluding residence) or S$200,000 annual income for at least 2 years)|
Investment Opportunities at Kristal.AI
Kristal.AI offers two wealth management options. First, its Kristal Investment Account offers individuals low-cost, customised portfolios comprising of curated ETFs. On the other hand, the Private Wealth account is specially designed for professional investors. This account allows investors to customise the specifics of their portfolio themselves, allows for portfolio hedging using options and futures and comes with a dedicated relationship manager.
Kristal.AI Investment Account vs. Kristal.AI Private Wealth
|Investment Account||Private Wealth|
|Min. Investment||USD 10||USD 50,000|
|Instruments||ETFs Only||Multi-Asset Investments|
|Currency Conversion Rate||0.05%||0.05%|
Kristal.AI's Investor Eligibility Requirements
Individuals seeking to sign up for Kristal's traditional investment account only need $10 as an initial investment to join. However, in order to be eligible for KristalAI's Private Wealth accounts, individuals must qualify as professional investors. This entails either a net worth of at least S$1 million (excluding one's primary residence) or an annual income of at least S$200,000 for the last 2 years.