StashAway, a Singaporean- based wealth management platform has been made available in the Malaysian market.
In a statement yesterday, the data-driven wealth advisor noted the platform is currently being rolled out to its 5,000 wait-listed customers and will be made available to the public in this month.
“StashAway delivers a data-driven asset allocation investment strategy with no minimum balance and sales charge. Its annual management fees range between 0.2% and 0.8%,” it said.
StashAway will customise the financial advice in portfolio management to the investment framework, Economic Regime-based Asset Allocation (ERAA) for both retail and accredited investors.
“ERAA combines a comprehensive risk management strategy with a macroeconomic data-driven asset allocation strategy,” it said.
StashAway Malaysia country manager Wong Wai Ken believes Malaysia is ready to adapt the technology-driven platform as an investment option.
“Malaysia’s population is growing and life expectancy is increasing. We need investment solutions that enable us to manage our growing wealth better,” he said.
In May 2017, the Securities Commission Malaysia introduced the Digital Investment License Framework, as part of its digital agenda for the capital market with aim to provide investors with a convenient and affordable platform to manage and grow their wealth. — TMR