The Money Pouch's Free Wealth Management App recently ranked in the top 3 roboadvisers in Asia in the B2C section of the latest Kaplan Report.
— The Money Pouch's Free Wealth Management App recently ranked in the top 3 roboadvisers in Asia in the Business to Consumer (B2C) section of Kaplan's Capital's latest research report about roboadvisers in Asia.
In the second report from Elena Okhonko, who is a financial adviser in Singapore and accredited CACS1&2 and CMFAS licence holder, the research paper looked into Business to Business (B2B), Business to Consumer (B2C) and Business to High Net Worth Individuals (B2HNWI) roboadviser models.
In the B2B category, the top three roboadvisers were Prive Technologies, Lumiq and Quantifeed.
In the B2C category, the top three roboadvisers were Stashaway, iAdvisor and The Money Pouch.
The report used an "inputs only" model to rank portfolio construction. The report recognises that this has its limitations as it doesn't require the historical return/risk data collection and analysis. Future reports in years to come will explore performance in more detail.
A spokesman for The Money Pouch commented, "We are excited to be included in the roboadviser report in our first year of managing client assets. The Money Pouch is about to reach 10,000 app downloads and since the report, we have improved the onboarding process for clients. Clients who already have an Interactive Brokers account can download the app, fill out the risk questionnaire and simply download a single page, scan and sign it to transfer management of their account over to The Money Pouch, managed by Hudson James Investment Management. Newer clients will need to answer more questions for regulatory, legal and tax purposes. They will also need to provide a passport copy and their latest utility bill. However, we now have an introductory video which explains how you can set up a new account in just 10 minutes. The account may then take a couple of days to pass all the compliance checks before trading can take place."
The key takeway of the report is that all roboadvisers will need to do more to educate investors as well as adding a human touch to improve customer service.
The Money Pouch is a free wealth management app you can download from the iTunes store or download The Money Pouch app via Google Play.
The Money Pouch uses low cost ETFs and a hedged momentum strategy to try to beat the market over the long run.
You can watch the video below explaining How to Set up an Automated Stock Trading Account in 10 Mins.
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