Singtel Dash launch new digital adviser to handle funds on phone
Singtel Dash has launched a brand new digital adviser that lets customers handle their funds on their phones. The robo adviser is being operated by UOB Asset Management, is the first such adviser to be integrated with a mobile wallet in Singapore.
Singtel added that the collaboration with UOB Asset Management “gives consumers convenient access to affordable wealth management solutions using technology”.
Dash clients can begin investing with the brand new robo adviser with as little as $1. They should pay annual advisory charges of 0.6 per cent to 0.8 per cent.
The adviser will assist them to construct a personalised portfolio based mostly on their danger profile, monetary objectives and funding horizon.
It provides two portfolio choices – Global and Global Impact – that spend money on a mix of actively-managed funds and passively-managed exchange-traded funds throughout numerous industries and geographies.
This account can be topped up through eNets or PayNow. The top-up mode will include automatic deductions from the Dash wallet by the first quarter of next year.
Dash has about 1.2 million users and offers payment services, mobile remittance and insurance.
Mr Gilbert Chuah, Singtel’s head of financial and lifestyle services at consumer Singapore, said: “This new investment service delivers on our commitment to make it simple, affordable and convenient for Dash customers to manage their finances and build their wealth. Customers can also tap on the investment expertise of an asset manager with a strong track record of optimising returns.”