- Invest with no minimum amount
- Free consultation with experts
- Competitive tiered management fees
Not so great for
- Unable to use CPF or SRS funds
- Beginners new to ETFs
- Short-term investors looking for higher yields
Singapore-based robo-advisor Syfe allows you to select and customise an investment portfolio based on risk tolerance and time horizon, enabling a fuss-free approach to investing.
Moreover, its basic account tier requires no minimum investment. Retail investors who want to start with a small amount will benefit most from Syfe.
Find out more about how the robo-advisor works and if it is suitable for you.
Syfe is a Singapore-based robo-advisor launched in 2019. It offers fully managed investment portfolios customised to its investors’ needs. There is no minimum investment amount or lock-in period for investing with Syfe.
It holds monies and assets in a custodian account through global broker Saxo Capital Markets. The company is licensed and regulated by the Monetary Authority of Singapore (MAS).
Before you sign up for an account with Syfe, you are prompted to select a portfolio type. There are 4 main portfolio types that you can choose from based on your risk tolerance.
The Core Portfolios will expose your funds to equities, bonds and commodities across different sectors and countries. You can also choose an additional portfolio to invest in volatile sectors such as real estate and technology stocks.
Then you fill out an online survey to indicate your financial situation, future goals and risk tolerance. The survey results allow Syfe to personalise your investment portfolio to maximise your net investment returns based on your risk tolerance. Once completed, you can create your account and upload supporting documents.
Syfe uses a combination of various exchange-traded funds (ETFs) to build its portfolios. ETFs are baskets of securities that track an underlying index.
ETFs are chosen as they offer an efficient passive investment method due to their low expense fees and access to worldwide investable markets.
Through investing in ETFs, you acquire a diversified portfolio with access to different asset classes and markets.
According to Syfe, the ETFs are selected based on factors such as the following:
Syfe offers investors market-driven news and analysis through the following:
Syfe offers 4 core types of customisable portfolios for retail and accredited investors.
|Portfolio types||Key features|
In addition, investors can also opt for Syfe Cash+, a cash management portfolio or open a REITs portfolio.
Syfe charges a membership fee that comes with tiered benefits. Cash+ has zero management fees. For other portfolios, the following annual management fee and benefits apply:
|Membership tier||Investment amount (SGD)||Annual rate||Benefits(including GST)|
|Blue tier||No minimum||0.65%||Weekly Q&A with Syfe wealth experts, Mon-Fri live support via chat, email and phone.|
|Black tier||Min $20,000||0.5%||Access to Syfe wealth experts, Mon-Fri live support via chat, email and phone.|
|Gold tier||Min $100,000||0.4%||Dedicated Wealth expert, Mon-Fri live support via chat, email and phone.|
|Private Wealth||Min $500,000||0.35%||Financial planning provided by wealth expert, customised portfolios with access to non-retail investments.|
Fees are accurate at the time of writing (1 June 2022).
Syfe does not charge transaction or brokerage fees. There are also no entry or exit fees or hidden charges. However, note that there is an ETF management fee that averages 0.15%-0.24%. In addition, there is a 0.09% fee for currency conversion to trade US Securities.
For Syfe Core portfolios, there is a 0.00221% fee on sell trades from the US Securities and Exchange Commission (SEC). For REIT portfolios, the Singapore Exchange (SGGX) charges clearing(0.0325%) and trading access fees(0.0075%).
To protect clients’ online trades and privacy, Syfe is equipped with the following security features:
Syfe is regulated by the Monetary Authority of Singapore (MAS) as a licensee under the Capital Markets Services (CMS). Therefore, it will need to meet all the standards and requirements set by MAS for retail fund management services.
As a licence holder, it meets the criteria set by MAS to prevent bankruptcy. In the unlikely event of insolvency, customers’ funds are held in a trust account at DBS Bank. The investments are held separately in a custodian account through Saxo Capital Markets.
There are also no exit penalties or lock-in periods, so customers can withdraw their money at any point.
For US securities, the funds are held by a broker insured by the Securities Investor Protection Corporation(SIPC), which protects against the loss of cash and securities held by a customer up to US$500,000.
You can apply online for a Syfe account if you’re over 18 and a Singaporean, Singapore permanent resident or foreigner. To open an account on Syfe’s website, choose the core portfolio you are interested in and then click on “Create Account” to begin the sign-up process.
If you have any enquiries, you may reach Syfe through its site bot or through the following:
Syfe is ideal for beginners who do not want to invest too much capital since it requires no minimum investment amount. The portfolio choices it offers also have a good international mix of low- to medium-risk bond ETFs and higher risk stock ETFs.
The 2-pronged asset class risk budgeting and smart beta strategies for portfolio management should withstand market volatility for investors able to hold for the long term.
However, if you are an investor who prefers less exposure to ETFs or wants to use your CPF or SRS funds, you should consider comparing against other robo-advisors.
Frequently Asked Questions
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