ASNB introduced RIA@myASNB
What is Robo Investment Advisory (RIA)?
For those who have always worried about investing or always wished they can have someone do the work for them, Robo Investment Advisory (RIA), is an ideal option.
RIA makes investing more accessible, easy and convenient for Malaysians no matter what their experience levels are in investing or their level of financial literacy.
RIA is the latest feature introduced by Amanah Saham Nasional Berhad (ASNB) via myASNB app.
It is an automated investment manager with the ability to help users to manage their investment without worrying about being affected by emotions.
It is designed as an automated end-to-end wealth manager by providing an online portfolio management solution that aims to invest the user’s assets.
What this means is that RIA will automatically rebalance your asset allocation to maximise the potential returns for your portfolio. For further ease of use it is available in both Bahasa Melayu and English.
As of now, there are three Variable Priced Funds available under RIA which are:
6 Reasons Why You Should Use RIA
1. Easy Access: RIA lets you start investing with just RM100, perfect for both newbies and seasoned pros.
2. Low Fees: With a flat annual wrap fee of 0.30%, RIA keeps costs low, especially with the current fee waiver until December 31, 2024!
3. Tailored Just for You: RIA uses fancy algorithms to create personalized investment plans based on your risk tolerance and money goals.
4. Set It and Forget It: RIA takes the hassle out of investing by automatically handling things like regular deposits through its Auto Labur feature. That means you are always chipping away at your investment goals.
5. Talk the Talk: RIA speaks your language with interfaces available in both English and Bahasa Malaysia, so everyone feels at home.
6. Smooth Sailing: RIA supports all your favorite local payment methods, so this makes investing even easier for you.
RIA will be implemented in stages on the myASNB app in the upcoming weeks starting from 11 March 2024. To take advantage of simplified investing, personalized portfolios, and automated tasks like recurring deposits, you can download the myASNB app from the Apple App Store, Google Play Store, or Huawei AppGallery, then register for a myASNB account, and then select RIA.
If you are an existing myASNB user, you will be able to access RIA directly from the app.
Remember, don’t panic if you don’t see the RIA feature activated yet on your myASNB app, as mentioned earlier, it will be implemented in stages. For more information, go to www.asnb.com.my
