DBS to offer hybrid human-robo investment solution to retail investors
SINGAPORE - Retail investors with at least S$1,000 to invest will be able to tap DBS's wealth management expertise to buy a portfolio of exchange-traded funds (ETFs) by the end of this month.
The robo-investment platform, digiPortfolio, combines investment strategies from the bank's wealth management team, which are traditionally limited to private banking customers, with computer algorithms to help automate the investment process.
This sets the Singapore bank apart from the other nine digital advisory services in the market, which provide portfolio advice with no direct human involvement.