Saxo Markets in Singapore recently launched the latest robo-advisory wealth management solution, called SaxoWealthCare.
This is touted as the 5th generation of robo-advisors, with state-of-the-art algorithmic automation in construction and rebalancing of your portfolios.
The main draws of SaxoWealthCare are as follows:
1) Entirely personalized and bespoke, based on your individual goals.
Users basically select their journey and input their regular or one-off contributions, and the portfolio engine does the rest of the work! Thereafter, you put in your individual goals, and the rebalancing algorithms then factor these goals in to rebalance accordingly so you attain your financial goals in the most realistic ways possible!
2) Active rebalancing
The use of the word Active cannot be said enough. SaxoWealthCare portfolios are rebalanced daily, while most others are done only half yearly or yearly. This means your asset allocation will always be in line with your risk tolerance.
3) Portfolio protection
For the more risk averse, an added option is the use of Portfolio Protector. This is an advanced balancing mechanism that constantly monitors your risk tolerance and rebalances between equity v fixed income to ensure you do not lose more than what you can tolerate.
Hence, compared to many other robo-advisors out there, SaxoWealthCare stands out as one of the most advanced of its kind. It is really one of the most complete robo-advisors for retirement planning.
Costs are very competitive, with no added fees for the ultra frequent rebalancing mechanism.
In this current poor stock market environment, now is a great chance to pursue a dollar cost averaging strategy using SaxoWealthCare, as you would be capturing the market prices low and, as you constantly make manageable regular contributions, will continue to capture the market performance through out this volatile period. By the time the market heads up again, you’d be in a great position to realize your goals.
Here are some recent public reviews of SaxoWealthCare:
No comments:
Post a Comment