The purchase of a position in the diversified risk All Weather Portfolio was the first on WeInvest, a robo-advisor platform in Singapore. It was done in collaboration with Lighthouse Canton, a Singapore based investment advisory company.
WeInvest provides investors the ability to visually compare and track the performance of investment opportunities once their preferred parameters have been defined. Investors are also given the clarity in all costs and fine print related to investments. Through this one platform, investors will be able to make an informed decision on any investment opportunity.
It provides a range of passive asset allocation portfolios and thematic baskets across a fully supported suite of strategies, asset classes and currencies.
Lighthouse Canton, a formidable partner
Source: Lighthouse Canton
Lighthouse Canton, its partner, has assets under management of US$400mil. They offer clients access to investment strategies from as little as 0.4%.
Lighthouse Canton, together with the WeInvest platform, offer investors access to reduced advisory fees, due to its minimised capital expenditure and operational expenses. Another advantage is that this service is both desktop and mobile-enabled.
WeInvest CEO, Bhaskar Prabhakara says, “Our platform as a service is a fully-supported end-to-end model; our clients can launch and execute with minimal outlay. The inbuilt flexibility allows for a high degree of customization with the shortest time to market.”
Research from Business Insider Intelligence shows that robo-advisory services will be predominantly utilized by pre-existing investors, with robo-advisors managing 10% of global AUM by 2020. “We designed our range of investment products specifically to meet investor appetites, drawing on our extensive expertise in the market,” explains Lighthouse Canton CEO, Shilpi Chowdhary.
“This is a significant day for the investment management community as we turn the page on robo-advisory in Southeast Asia,” he adds.
(By Annette Rowena)