- 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
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Syfe is a Singapore-based robo-advisor launched in 2019. It offers fully managed investment portfolios on its Syfe Wealth platform, customised to its investors’ needs. There is no minimum investment amount or lock-in period for investing.
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 Wealth, 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 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. 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.
Access US and HK markets on the go with Webull. Enjoy zero commission, free real-time quotes, full extended hours trading and more.
Syfe Trade is a share trading platform offered by robo-advisor Syfe. Invest in US markets with Syfe Trade. Find out more in this review.
Commodities are things that aren’t much different from one another if you were to get them from other sources. Find out how to invest in them.
27% of Singaporeans plan on ‘buying the dip’ if the market crashes this year, according to the latest research from Finder.com.
Trade shares and other investment classes across Singapore, Hong Kong and US markets with moomoo by FUTU.
Finder’s Retail Investor Sentiment Report polled 39,573 Internet users across 26 countries to see how they’ll be investing their money in 2022.
Find out the different ways you can invest in the S&P 500, one of the world’s most popular stock market indices.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.