Evolving with one’s wants
UOBAM Make investments’s companies embrace its digital adviser, a portfolio planner that customises funding portfolios based mostly on every investor’s danger profile. It affords dynamic portfolios designed to satisfy the evolving wants of traders, says Ms Ong.
After creating an account and finishing a danger profile evaluation, customers can merely choose their funding targets, resembling shopping for a house, a automobile, a marriage or just a vacation, and their funding horizon.
The robo-adviser employs a “guided method” to serving to newer traders realise what their targets are by asking some questions, says Ms Ong, earlier than offering them with suggestions.
UOBAM Make investments focuses on personalisation, as a result of “completely different people – even these on the identical life stage – can have completely different priorities in life and completely different funding targets,” says Ms Ong. “Their danger tolerance and funding horizon additionally varies.”
She provides an instance of how the funding portfolio of an individual of their 20s would look very completely different from that of somebody of their 40s – even when they’re each working in direction of rising their nest egg. “Even when they’ve the identical danger tolerance, as a result of their funding time horizons are completely different, the personalized portfolio for every particular person will differ.”
Retail traders can fine-tune their funding portfolios by altering their targets, contributions, length and danger tolerance stage anytime, she provides. The app then reveals an summary of the likelihood of them reaching their desired returns.
Extra savvy traders could make use of UOBAM Make investments’s Fund Direct service, the place they will choose their very own funds from a spread managed by UOBAM’s in-house funding groups.
“Funding portfolios have to be dynamic, in order to cater to every particular person’s evolving wants,” says Ms Ong. “Not solely is every particular person distinctive, however one’s priorities may even change with time.”