There is obviously a demand for passive investments i.e. index funds.
You can easily purchase US index funds like the Vanguard ETF index funds if you have an account with a US broker like ThinkorSwim or OptionsXpress. Both of these companies have a Spore office so it's easy to open an account.
However what do you do if you don't want to open a US trading account but still want to buy such index funds
I found out that although Vanguard has a Spore office they do not have a licence to deal directly with end users, only with investment companies & banks.
I found out about a new company that was recently opened. This company is named Smartly
https://www.smartly.sg/
They are using an automated system to purchase index funds for their clients. So their costs to the end uses are low. Their annual service charge are as follows:
1% if you investment total is less than $10,000
0.7% if your investment is betwee, 10,001 and up to $100,000
0.5% If your investments are more than $100,000
You can invest in $50 increments of more, it's all up to you.
They are a local company & are regulated by MAS regulations.
Their fees look reasonable but what do people think
I've got a US broker so I don't need to use them but I'm curious what others think
You can easily purchase US index funds like the Vanguard ETF index funds if you have an account with a US broker like ThinkorSwim or OptionsXpress. Both of these companies have a Spore office so it's easy to open an account.
However what do you do if you don't want to open a US trading account but still want to buy such index funds
I found out that although Vanguard has a Spore office they do not have a licence to deal directly with end users, only with investment companies & banks.
I found out about a new company that was recently opened. This company is named Smartly
https://www.smartly.sg/
They are using an automated system to purchase index funds for their clients. So their costs to the end uses are low. Their annual service charge are as follows:
1% if you investment total is less than $10,000
0.7% if your investment is betwee, 10,001 and up to $100,000
0.5% If your investments are more than $100,000
You can invest in $50 increments of more, it's all up to you.
They are a local company & are regulated by MAS regulations.
Their fees look reasonable but what do people think
I've got a US broker so I don't need to use them but I'm curious what others think
