Robo-advisory services will be predominantly utilised by pre-existing investors, with robo-advisors managing 10 percent of global AUM by 2020, new research shows.
Singapore’s accredited investors today executed the first trades on a robo-adviser platform in Southeast Asia, the firms involved said in a note to finews.asia.
The purchase of a position in the diversified risk All Weather Portfolio was the first on the WeInvest robo-adviser platform, partnered with Lighthouse Canton investment manager. It provides a range of passive asset allocation portfolios and thematic baskets across a fully supported suite of strategies, asset classes and currencies.
Desktop and Hand-Phone Enabled
Lighthouse Canton offer their clients access to these investment strategies starting from as little as 0.4 percent. The WeInvest platform makes it possible to offer the reduced advisory fee, minimising capital expenditure and operational expenses, with a service that is both desktop and hand-phone enabled. «Our Platform as a Service is a fully-supported end-to-end model; our clients can launch and execute with minimal outlay.
The inbuilt flexibility allows for a high degree of customisation with the shortest time to market,» said Bhaskar Prabhakara (pictured above) WeInvest CEO.
