In this age of disruptive technology, wealth-building is no longer restricted to those with a big pile of money. Although it is a known fact that putting our extra cash in banks saving accounts actually erodes the true value of our savings, not many of us have the guts to venture into the complex investment arena and even fewer still enjoy the luxury of time to actively monitor our investments. Understanding these common investment sentiments, the good folks at the bank proudly introduces OCBC RoboInvest! You can now grow your wealth and still have time for the things you love!
OCBC RoboInvest – Introduction To Your New Portfolio Manager
OCBC RoboInvest is the first of its kind offered by a bank in Singapore. It promises to bring you the best elements of a high-end investing services and experiences such as:
- Choose from 28 thematic model portfolios of ETFs and equitiesAutomated Portfolio Management Service
- Bank-grade secure interface
- 24/7 online access to your portfolios
- Affordable investing with as low as S$3,500
Let’s dive deep into how it works exactly.
OCBC RoboInvest – What It Takes To Be OnBoard
Developed by Singapore-based Fintech startup WeInvest, all investors who are above 21 years old, Non-US Citizens and have access to OCBC Online Banking and of course, a minimum initial investment of S$3,500 are eligible for OCBC RoboInvest.
A 1.5 per cent annual fee will be charged for assets under management (AUM) of up to S$50,000. For AUMs above S$50,000, the AUM fee is one per cent per annum. Other exchange fees and charges apply, which vary depending on the markets and trading channels used to execute the orders.
OCBC RoboInvest – What’s In It For You
You get to invest in a diversified portfolio of stocks and exchange traded funds (ETFs), by selecting from 28 investment portfolios of equities and across six markets – Singapore, Australia, the UK, the US, Europe and Hong Kong.
These portfolios are constructed based on different themes to suit different investment preferences and risk profiles. For example, for folks who are risk-averse (like us), we can opt for the lowest-risk portfolio. The portfolio allocates 75% of the funds to relatively lower risk bonds allowing is to achieve regular stable income. Folks who have a larger appetite for risk have a wider choice of menu, where strategies on offer range from Hong Kong property to mainland European technology.
OCBC RoboInvest – How Do You Keep Tabs?
While some of us are comfortable to invest and leave it alone for a while, OCBC Bank understands that there will be customers who want to be constantly engaged with their investments. Hence, they built a convenient dashboard for them to see how their investments are performing, and allow them to easily withdraw or add-on funds to their investments at any time, anywhere.
For the more chillax folks, you will be happy to know that algorithms are used to monitor your portfolio and rebalance assets on a quarterly or half-yearly basis depending on your personal preference. An email will be sent by OCBC RoboInvest to your registered email address to approve the rebalancing. OCBC RoboInvest will only proceed with the rebalancing once a customer has given his consent within two weeks from the date of trigger.
OCBC RoboInvest – Get Started In 3 Simple Steps
Ready to start your OCBC RoboInvest journey? Your account can be up and running in just 3 simple steps:
1. Login to OCBC Internet Banking and under “Investments and Insurance” select “ETFs and Equities”.
2. Start your investment journey by creating an account on the OCBC RoboInvest platform
3. Proceed to perform a bill payment to fund your investment with your OCBC current or savings account after selecting a portfolio
For more information, please click here