Singapore’s biggest digital wealth manager, StashAway, has officially arrived in Thailand.
The easy-to-use wealth management platform, regulated by the Securities and Exchange Commission (SEC), is now available to Thais and Thai residents.
StashAway provides smart asset allocation via global diversification with high-quality, low-cost ETFs, allowing anyone to invest and build long-term wealth through a mobile app.
Since its launch in 2016, it has seen rapid growth. The platform has drawn clients from more than 160 countries, generating solid returns through market corrections and pandemic market crashes.
Additionally, in January this year, StashAway revealed that it had exceeded $1 billion in assets under management.
It was the first digital wealth platform to reach such a milestone among similar alternatives in Southeast Asia and the Middle East and North Africa.
StashAway co-founder and CEO Michele Ferrario said growth in investment flows from both old and new investors has continued “very strongly.”
“We kept growing as we did in pre-COVID-19 and in a very strong fashion,” he added.
StashAway has become very attractive to users as it is a sleek, easy-to-use mobile app. Moreover, it provides a wide range of free financial education resources that help people make financial decisions with more confidence.
Besides, thanks to its innovative technology, StashAway has been recognized and named a Technology Pioneer in 2020 by the World Economic Forum.
According to Tim Niranvichaiya, CFA, StashAway Asset Management (Thailand) Managing Director, the company expected to help Thais invest abroad.
“People in Thailand increasingly want to invest overseas to diversify their portfolios more effectively, but aren’t able to access these investment options easily because of how complex and expensive they are,” he said.
“That’s where StashAway can make a significant difference to people’s long-term financial success,” he added.
Tim Niranvichaiya explained that users only need a few minutes to register and access globally diversified and personalized portfolios with a transparent and all-inclusive fee.
Freddy Lim, Co-Founder and Group CIO, said that StashAway aimed to help users save time and effort as they don’t have to research and manage their investments themselves.
After 30,000 hours of research and stress testing on the platform, “the result is an intelligent investing framework and technology that re-optimizes and rebalances each client’s portfolios with extreme precision, managing risk while navigating them through any economic environment,” he added.
Singapore-based StashAway was founded five years ago and obtained operating licenses in Dubai (DIFC), Malaysia, Hong Kong, and Thailand.