Smartly

[s0crates]

The process is not immediate. You might have lost the market recovery when the robo take time to liquidate assets and distribute the proceeds. It is not the same as being able to retain the assets in your own legal name.



https://seedly.sg/questions/what-happens-if-a-robo-advisor-goes-bankrupt

Even if they force sell, it doesn't really matter.
Just use the money and buy equivalent assets through a broker or another robo.

 

[BeefCutlet]

Robos also is fractional shares. So definitely not being held in your name

 

[pm_me_ur_noods]

Robos also is fractional shares. So definitely not being held in your name

Not true for AutoWealth.

 

[Han Shot First]

Robos also is fractional shares. So definitely not being held in your name

For StashAway, Asia Wealth Platform is the beneficial owner of the fractional ETF shares. Asia Wealth Platform is StashAway’s legal entity. According to my understanding, the investor is not the beneficial owner of the shares. The investor has effectively extended unsecured credit to StashAway by investing with StashAway.

Not sure about Smartly though.

For AutoWealth, an investor is the beneficial owner of the ETF shares.

 

[assiak71]

Does it matter whether its under your name? MAS license requirements should have sorted all these out?

 

[chienwei]

Does it matter whether its under your name? MAS license requirements should have sorted all these out?

hope so... �

 

[BeefCutlet]

Does it matter whether its under your name? MAS license requirements should have sorted all these out?

Regulations are like referees in soccer matches. Tells you the rules you wanna follow. If the guy dont wanna follow, can only suck thumb

 

[s0crates]

You sure?

End of day I am pretty sure we will get our funds back, but how long it takes, whether the funds are liquidated at a fair price, no one knows.

At least US ETFs are highly liquid, so that should be fine.

Does it matter whether its under your name? MAS license requirements should have sorted all these out?