Commentary: How investing and growing your money has become easier in Singapore

technology that’s used to augment, streamline, digitise or disrupt traditional financial services.

We have seen fintechs, including robo-adviser firms, in Singapore receive a total of US$3 billion in funding last year, indicating that investors recognise the opportunities looming in this sector. This by no means sounds the death knell for human wealth managers – it simply means existing talent will pivot, reskill and find more job options when the market takes off with the likes of Grab, Shopee and local banks going digital.In Singapore, data shows that specific fintech products that have seen a big uptake in retail investors are online brokers and digital wealth management platforms, especially among millennials and Gen Zs.

This democratisation of investment opportunity means that more of the returns are kept by the average investor, and compounds over time to help build wealth.Globally, however, there are other innovations that open investment opportunities to the masses. One example is real estate crowdfunding, which is said to offer investors a forecasted return on investment of an average of 10 to 15 per cent.

Other innovative platforms like Moonfare and ADDX make alternative and private equity investments available in smaller bite sizes, with the latter also removing lockups for private markets. What this means is that a young and budding investor, say a 21-year-old tech-savvy university student, can not only set up an account independently, but have access to an appropriate investment solution based on his risk profile.

While fintech firms have created a niche for the tech-savvy, young investor who appreciates immediacy and a sense of ownership, it is also essential to assess the risk of each fintech product, in the same way one would diversify their investment portfolio traditionally.

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