I'd say there's a time and place for each playbook.

StashAway - Good way to get people into savings habit. They're happy to accept something small like RM10 a month without commitment. Try that with an independent financial advisor.

DIY - Once hit 30k-50k AUM, one can consider DIY. Up to individual to decide whether they like robo-advisories' portfolio. I for one feel robos can get too 'pokemon gotta have them all' and prefer a simpler portfolio.

Financial Advisors (certified ones) - Once accumulated enough (north of 7 digits perhaps), where one has holding power to take on high yield bonds and region/country specific risk without blowing their retirement plans.

nope. If accept I long long time ago open liao. Just beating myself up cause I didn't open account when I was in the US for 4 months last year. 

I would be damn happy if this is really become a reality. I think the local UT companies will move heaven and earth to block this from happening. Low fees will totally kill all of their business model. Most Malaysia UT underperformed the market. If someone can offer an alternative index tracker with low fees n no need robo advisory. Even SA also will be affected I think. I think I read somewhere in the US for every 10k invested in index tracker ETF blackrock only charge an average of 17 USD per year for fees.

Again uncle is very new to all this
Moving away from FD to all this is a huge learning curve for me
Soon I will just consolidate to a few platform
I might eventually give up samy wahed and raiz soon

I just deposited in RM1k into SA Simple and waiting for buy progress to completed. Let's see how it fares compared to other MMF

Curious, anyone here has above 100k in Stashaway