Revolut, a global neobank with over 50 million users, has introduced a robo-advisor service in Singapore.
This new feature automates investing for Revolut customers by creating and managing a diversified portfolio customised to their individual needs, financial goals, and risk tolerance.
The robo-advisor requires a minimum investment of US$ 100 and charges an annual portfolio management fee of 0.75% of the portfolio value, charged each month.
Users who purchase a robo-advisor portfolio before 31 March 2025, will not be charged management fees until 30 April 2025.
Revolut’s robo-advisor reportedly automatically rebalances portfolios based on market performance and conducts periodic reviews to ensure alignment with customer risk tolerance and target allocations.
Customers can set up recurring transfers from US$ 10 and utilise a “spare change round-up” feature that automatically invests the difference from rounded-up purchases made with their Revolut debit card.
This feature allows users to seamlessly integrate investing into their daily spending habits.
This launch follows Revolut’s introduction of Flexible Accounts in Singapore last year, which offer customers another way to invest and manage their finances.
Flexible Accounts allow customers to earn interest on their deposits, which are invested in USD-denominated Money Market Funds managed by Fidelity International.
Raymond Ng, Chief Executive Officer, Revolut Singapore said,
“We are excited to add a robo-advisor to our existing suite of wealth and trading products. We know that many of our customers do not have the time to manage a portfolio or invest in individual securities.
Built to make investing more accessible, we want to give our customers the ability to make their money work for them in what we believe will be a tailored and stress-free solution. We’re now actively working to broaden the range of investment opportunities available through our robo-advisor, and to integrate even more financial planning tools.”
Featured image credit: Edited from Freepik
