There are many robo-advisors but none of them compare to Bambu. Using the latest technology, Bambu has streamlined its investment process to be cost-efficient and automated which means there is virtually no customer service or human intervention needed for investing with Bambu. Bambu was founded in 2014 by Shaneel Sharma, Simon Miller, and Eoin Murray who all had significant experience working for large banks like Standard Chartered Bank. It was first headquartered in London before moving its operations to Singapore. Bambu currently serves customers across Asia Pacific, Europe, North America and South America.
It charges an annual fee of 0.5% on top of any fund fees charged (similarly to Wealthfront) but with that small fee, Bambu offers their customers an automated app that can be downloaded on both iOS and Android devices. Compared to other best robo-advisors, Bambu uses separate accounts for different types of investments, reducing the overall fees charged to the customer. This is important because many brokers lump all your investments into one account so you lose out on cheaper options. For example if you were to invest in stocks, mutual funds, ETFs etc… with Wealthfront there would only be one investment account whereas with Bambu each investment type has its own segregated account.
This allows your money to grow at a faster rate since it isn’t being commingled together meaning more fees are taken care of if you have multiple types of investments.
Bambu also has a somewhat unique Cash Account where you can automatically invest any cash sitting in your bank account to earn interest which is very valuable for investors. If you have 10,000 dollars sitting in your checking account, Bambu could easily turn that into 12,000 or 15,000 by automatically putting it into an investment portfolio on autopilot.
Bambu also has no minimum requirements, unlike many other Robo-advisors which means everyone from college to retirement can benefit from this service. There are no fees to set up accounts with them, and there are no minimums required for each account, unlike Wealthfront. They offer both taxable and retirement accounts and goals-based goals that you can use separately or together to help invest your money.
The Core Portfolio is their main account with the automated investing feature for investors who want to advantage dollar-cost averaging. You can set up an investment plan that invests a certain amount at regular intervals like weekly, monthly, or yearly. An example would be if you wanted to invest $200 every month into Bambu’s Core Portfolio, then all you need to do is set it up and let the system take care of everything else.
Bambu also offers Taxable Accounts, which are more advanced accounts with higher limits than Core Portfolios, including Roth, Traditional, and SEP IRA accounts and trusts (one type of trust they offer is RoboTrust). The taxable accounts mean you can invest more than the $3,000 limit of a Core Portfolio which is very useful for those who want to invest larger amounts of money and don’t mind paying the fees.
There are two types of Taxable Accounts: RoboTrust and Managed Trust. RoboTrust accounts let Bambu’s system take care of all investments, so you don’t need to worry about anything, and it works just like their Core Portfolios. Managed Trust, on the other hand, offers actively managed investments from a pool of funds with a fee charged at 0.75% per year, which is close to Wealthfront’s expense ratio but not as low as Betterment or WiseBanyan.
So if you’re looking for an automated investment platform that lets you choose between several types of investment accounts, charges the lowest fees out of all Robo-advisors with no minimums required, and has an app available on both Android and iOS, then Bambu is worth checking out.