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Lazy wannabe “investors”, rejoice! DBS has now made its robo advisor (called DBS digiPortfolio) available to the public. Previously, it was available only to DBS ~Wealth~ customers. Now, if you do most of your banking through DBS because you’re lazy (cough, me) and cannot remember more than one login ID to save your life (also guilty), this is a great...
Robo advisors in Singapore are seeing rapid growth. Robo advisors first emerged in 2008 as a result of the financial crisis. As time passed and digitalisation began to play a more prominent role in society, robo advisors grew in tandem. In fact, the assets under management (AUM) in the robo advisory segment is projected to hit US$2.845 trillion by 2025. Interestingly, a study also forecasts that the Asia Pacific market will have the highest growth rate from 2021 to 2026. What makes robo advisors attractive? Lower fee and initial investment amount, for the starters. By lowering the barriers ro...