Over the years, wealth management solutions have evolved and the millennials view technology as an important aspect in wealth management. Singapore-based, StashAway gives them this option of digital wealth management. This Robo-advisor platform has been designed to build and protect your wealth. StashAway offers personalized financial planning and portfolio management for the wide range of needs of both retail and accredited investors alike.
The company was founded by Freddy Lim, former MD and Global Head of Derivatives Strategy; Michele Ferrario, former chief of Zalora Group; and Nino Ulsamer, a tech entrepreneur in 2016 with an ambition of expanding into fast-growing APAC markets.
StashAway boasts of an experienced team of fund managers, developers, and engineers from South-East Asia and Europe. The company has a Capital Market Service (CMS) license for Retail Fund Management (RFM) from the Monetary Authority of Singapore along with a CMS license from Securities Commission Malaysia for digital investment management.
Advancing Investment Experience
StashAway has emerged as a market leader for sophisticated and low-cost investing for both retail and accredited customers. It gives you a platform where you have complete control over your financial future. The company believes in educating the users rather than assuming prior knowledge. There are videos and explanations at every step along with chat assistance. Besides that, there are warnings for investors if they are going for a risk-level that they might not be completely prepared for.
Investments Made Straightforward With StashAway
StashAway offers an automated, algorithm-driven personalized financial planning services in Singapore. The company believes that investment varies according to an individual’s personal goals and preferences, hence financial plan for each will be different. ERAA, their risk-management strategy is designed to maximize investor’s long-term returns while keeping every individual’s specific risk-exposure constant through changing economic cycles.
StashAway Offers Cost-effective Investment Planning Services
The management fees charged by StashAway includes all transaction costs, automatic adjustments to optimize returns, rebalancing, and automatic portfolio protection. The company doesn’t charge its clients for account opening or any change of plans during the tenure.
Robust Funding- The Way Forward
The company has recently secured funding of US$12 million. The funding round was led by a proprietary arm of Fidelity International- Eight Roads Ventures. The existing investors Asia Capital & Advisors also participated thus bringing up the total funding amount to US$20.4 million. The company aims to accelerate its investment product development for its clients in Singapore and Malaysia while also focusing on expansion in the APAC region.