StashAway Leads Wealth-Tech Revolution By Saving RM130 Mil In Fees

StashAway, one of Malaysia’s largest digital investment platforms, has recently announced that it has helped Malaysians save over RM130 million in fees since its launch in 2018.

This follows the platform’s recent surpassing of RM1 billion in Assets Under Management (AUM) in 2023.

“When we launched in 2018, our mission was to make sophisticated investing accessible and affordable for everyone. Achieving RM130 million in fee savings is a testament to that mission.

“We’ve since seen meaningful ripple effects from challenging industry norms, including the gradual phasing out of outdated practices like exit fees,” said Wai Ken Wong, Country Manager of StashAway Malaysia.

Traditional investments charge high fees

While Malaysia’s wealth management industry continues to evolve, there is one critical challenge that continues to persist, that being high fees.

For many traditional investment solutions, it is not uncommon to see up to 5% in upfront sales charges and an additional 2% annual management fee on top of that. 

These costs may seem small at a glance, but can significantly impact an investor’s ability to build long-term wealth. Choosing a more cost-effective method can help cut down on the time it takes for Malaysians to reach their financial goals.

Lower fees means more returns for investors

One of the biggest stress points for Malaysians is the fear of insufficient retirement savings. According to a recent HSBC survey, affluent Malaysians require up to RM3.61 million to retire comfortably.

StashAway’s General Investment portfolio aims to help Malaysian investors save on hefty investment fees and reduce the amount of time it takes for Malaysians to hit their RM1 million investment goals.

Those who regularly invest with StashAway could reach this milestone in 12 years, as opposed to 16 years, assuming identical investment returns before fees. 

Through the delivery of strong returns and cost-efficient fees, StashAway has built a service based on trust and organic growth whilst serving over 50,000 clients in the country.