Are low fees a kiss of death for robos and advisory firms?
For wealth firms with a low-fee or commission-free model, achieving scale is key, alongside patient capital
Add BT as a preferred source
Genevieve Cua
THE failure of robo advisory MoneyOwl, announced late last week, raises afresh a knotty question: Is a low-fee business model that’s good for investors and clients necessarily a path to failure for the service provider?
Is this gap intractable?
More than 10 years ago, I was a member of a panel put together by the Monetary Authority of Singapore, called the Financial Advisory Industry Review (Fair), which sought to address some key issues, including how the industry could lower distribution costs and promote fair dealing.
TRENDING NOW
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
