Best Robo Advisor For Your Comprehensive Wealth Management

It is common for most of us that we would love to seek the help of financial advisors in regards to investments that we would like to make. But not many have the time to actually set an appointment to go to a physical office to meet up with a financial advisor and most times it is not affordable too. That is why the invention of the robo advisor came to be. 

Robo advisors are not physical robots that will be advising you about investments and financial plans. They are more like an application or software that is automated. Automated portfolio managers are the right term to describe robo advisors. They employ algorithms to efficiently manage and allocate client’s assets. When you sign up to use robo advisors, you will be asked a series of questions via online surveys about your financial situations. This is so that robo advisor could store your information so that they can make investment choices on behalf of you. 

With robo advisors in the market, you do not need to visit a financial advisor to maintain your portfolio. This is because it is all taken care of for you by the robo advisors. Not only that, we can see that many individuals have opted for robo advisors instead of financial advisors because robo advisors are cost-effective and it is hassle-free too. The usage of robo advisors in financial investments is becoming more prominent now. If you are interested in getting one to manage your portfolio, you can check out the best robo advisors in Malaysia below for your comprehensive wealth management. 

1. MYTHEO

Source: MYTHEO

MYTHEO is one of the top robo advisor in Malaysia, assisting you in making the best investment decisions. MYTHEO now allows you to invest as little as RM100 in Global Exchange-Traded Funds. Furthermore, by investing in Global Exchange-Traded Funds, they will ensure that you create an attractive portfolio with higher returns. MYTHEO maintains track of current financial and economic information from across the world. In the event of a market decline, it will rebalance your investments by putting your money in higher-performing Global Exchange-Traded Funds. Not only that, but your data is safe with MYTHEO, so you may invest without the fear of your privacy being compromised.

Business Details

Operating Hours: 9:00 am to 5:30 pm (Mon-Fri)

Location: Level G.02, KPMG Tower, First Avenue, Bandar Utama, 47800 Petaling Jaya, Selangor, Malaysia.

Contact: 03 – 8408 1613

Email: [email protected]

Website

Services

  • Invest with Minimal Cost & Risk
  • Global Investment
  • Portfolio Rebalancing
  • Data protection
  • Licensed by the Securities Commission Malaysia

2. BEST By BIMB Investment

The most user-friendly robo advisor in Malaysia is BEST from BIMB Investment. BEST offers a free account creation service that does not need the completion of any long documentation. All you need is RM10 to start investing. BEST will choose the funds that are most suited for you based on your risk profile and desired outcome. After that, you may unwind and keep an eye on your finances as necessary.

Business Details

Operating Hours: 8:45 am to 5:45 pm (Mon-Fri)

Location: Level 19, Menara Bank Islam, 22, Jalan Perak, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur

Contact: 03 – 2161 2524

Email: [email protected]

Website

Services

  • Starts with Minimum RM10
  • Zero Sales Charges
  • Simple & Easy Investment
  • Intelligent Robo & Sustainable Investing
  • Backed by an Islamic Financial Institution
  • No-Lock In Period
  • Shariah Compliant
  • Regulated by Securities Commission Malaysia

3. StashAway

Source: StashAway

StashAway is the finest robo advisor for complete wealth management that is personalised to your preferences. StashAway allows you to increase your money by obtaining unit trust management rebates. Once you’ve decided to invest, StashAway lets you tailor your investing strategy to your specific goals and risk tolerance. As you do so, you may seek advice from actual individuals on how to improve your money management approach for better results. With mobile and desktop apps, StashAway may be accessed anytime from anywhere you want.

Business Details

Operating Hours: 9:00 am to 6:00 pm (Mon-Sun)

Location: 18.01-18.07, Level 18, Menara Raja Laut, 288, Jln Raja Laut, 50350 Kuala Lumpur

Contact: 03 – 9212 4356

Email: [email protected]

Website

Services

  • Low, transparent platform and service fees
  • Decades of relevant experience
  • Unlimited, free transfers and withdrawals
  • Only data-driven investment decisions

Do not worry about your privacy being compromised with the usage of these robo advisors as they are well known to protect the data of their clients. You can also get in touch with their customer services team which are managed by real people in case you have any questions in regards to the software. While you are at it, you can also learn how to make money from home which will help you earn some cash to make your investments.

Frequently Asked Questions (FAQ) Regarding Robo Advisors For Wealth Management

What exactly are robo advisors?

Robo advisors are unlike the name suggests. Basically, they are AI formatted virtual robots that will absorb the information they need from you to understand your expenditure so that they can help you make better financial choices.

Are they free to use?

Some robo advisors out there are free to use but the ones listed in our article are not. For example, BEST by BIMB Investment costs start from RM10.

Is investment a good choice?

For the most part, investment is a good way for you to grow your wealth without doing much work in that area. It usually does not require much maintenance, therefore you should be able to leave it to grow on it’s own. Then again, it all depends on what you choose to invest on.

Do I need a financial advisor to maintain my portfolio?

With robo advisors on the market, you don’t need to visit financial advisors anymore. Robo advisors will handle everything for you. Robo advisors are becoming evidently more popular than financial advisors because they are more cost-effective and hassle free too. Not only that, we can see that many individuals have opted for robo advisors instead of financial advisors because robo advisors are cost-effective and it is hassle-free too.

Are they only used by individuals?

Financial management is not just for individuals. If you are looking for a robo advisor to help with your financial investments for your business, you can find them too! Robo advisors are becoming more increasingly popular with financial investment.

Shasvini Murali
Shasvini Murali
A Food Loving and Book Reading Type of Person.

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