Published by Wealth Adviser – 1st November 2016
Singapore’s accredited investors have executed the first trades on a robo-adviser platform in Southeast Asia, with the purchase of a position in the All Weather Portfolio on the WeInvest robo-adviser platform.
WeInvest provides a range of passive asset allocation portfolios and thematic baskets across a suite of strategies, asset classes and currencies.
Lighthouse Canton offers clients access to these investment strategies with fees starting from 0.4 per cent. 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.
WeInvest CEO Bhaskar Prabhakara says: “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.”
Research from Business Insider Intelligence shows that robo-advisory services will be predominantly used by pre-existing investors, with robo-advisors managing 10 per cent of global AUM by 2020.
“We designed our range of investment products specifically to meet investor appetites, drawing on our extensive expertise in the market,” says Lighthouse Canton CEO Shilpi Chowdhary. “This is a significant day for the investment management community as we turn the page on robo-advisory in Southeast Asia.”
An accredited investor in Singapore is someone with net personal assets exceeding USD2 million, with an income minimum of USD300,000 per year.
