What are Robo Advisors?

Robo Advisors are digital platforms that provide automated, algorithm-driven financial planning services with minimal human supervision. Robo Advisors help make investing in the stock market simpler, providing a good starting point for beginners getting into investing.

This does not mean that there are no humans involved. Several services will also provide human advisors that can answer any queries on investing through their platform. However, they are meant to provide broader direction, with automation performing majority of portfolio management.

As with any other provider, Robo Advisors will take into account your financial goals, investment timeframe and risk appetite in order to create the right portfolio for you. These Robo Advisors will manage your investments and rebalance your portfolio when needed, all according to your risk appetite.

As of 2021, Robo Advisors are managing about S$2.15 billion in Singapore

Barely 0.01% of the S$4 trillion asset management industry.

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Widest funding options, CPF, SRS and Cash: Endowus
Invest in REITs: Syfe & Endowus
Best for emergency fund: Endowus Cash Smart Ultra
Invest in ESG: Endowus & Kristal
Most customisation options: Endowus
Investing with Artifical Intelligience: SquirrelSave
Robo AdvisorMinimum Investment AmountUnderlying investmentsFunding options
EndowusS$1,000Unit trusts
Cash, SRS, CPF(OA)
DBS digiPortfolioS$/US$1,000Equities, ETFs, Unit trustsCash
Kristal.AI1 unitETFs, Unit trustsCash
MoneyOwl dimensional fundS$100Unit trustsCash, SRS
OCBC RoboInvestUS$100Equities, ETFs, REITsCash
Philip SMART PortfolioS$300Unit trustsCash
StashAwayNoneETFsCash, SRS
SyfeNoneEquity, Bonds, Gold, ETFs, REITsCash
UOBAM InvestS$1ETFs, REITsCash
UTrade Robo (UOB KayHian)S$5,000Stocks, Bonds, Commodities and ETFsCash

Updated: 25th January 2023

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For cash parking solutions

Robo Advisor / FundMinimum Investment AmountProjected returnsUnderlying investmentsFunding options
Endowus Cash Smart SecureS$1,0003.3%-3.6%50% Fullerton SGD Cash Fund
50% LionGlobal SGD Enhanced Liquidity Fund
Cash / SRS
Endowus Cash EnhancedS$1,0004.0%-4.3%50% UOB United SGD Fund
50% LionGlobal SGD Enhanced Liquidity Fund
Cash / SRS
Endowus Cash Smart UltraS$1,0004.5%-4.8%27.5% LionGlobal SGD Enhanced Liquidity Fund
25% Fullerton Short Term Interest Rate Fund
25% LionGlobal Short Duration Fund
12.5% Nikko Shenton Income Fund
10% PIMCO Low Duration Income Fund
Cash / SRS
StashAway SimpleS$10,0002.8%30% LionGlobal SGD Money Market Fund
70% LionGlobal SGD Enhanced Liquidity Fund
Cash / SRS
StashAway Simple PlusNone4.6% – 5.0%45% LionGlobal Short Duration Bond
35% Nikko Shenton Income Fund
20% LionGlobal SGD Enhanced Liquidity Fund
Cash / SRS
Syfe Cash+None3.0%70% LionGlobal SGD Enhanced Liquidity Fund
30% to LionGlobal SGD Money Market Fund

Updated 25th January 2023

It seems that these solutions run on similar underlying financial instruments. In our opinion, using one from a preferred provider will make it easier to manage. For now, most Robo Advisors are fee-less, or have minimal fees, in order to to gain market share.

This could be good options to park part of your emergency fund as the volatility is low. This means the chances of losing capital are also lower than the higher risk funds above. However, note that these returns are projected and not guaranteed.


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We lay out the many options for you.

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Read more about each Robo Advisor


  • Low cost of investing
  • Relatively passive
  • Minimal capital to start

Cons of investing in Robo Advisors

  • Portfolio cannot be personalised and is managed collectively according to the fixed portfolio.
  • As most most Robo Advisors right now operate on venture capital funding, the longevity of their business is not proven.


Should you use Robo Advisors? 

Robo investing is an easy way to start investing. While you’re learning about how you can build your investment journey, Robo Advisors are a great starting point to grasp the general inner workings of investing.  

Some reasons you should consider Robo Advisors

  • If you are a new investor
  • Do not have the time to research and execute your investment plan
  • Starting with a small capital sum

It is important to remember that Robo Advisors are not a one-stop solution to all things investment! There are still some qualities that robo advisors lack when it comes to planning and growing your money in the long run. 

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