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Robo-advisors use algorithms to help you invest your money based on your risk tolerance, investment goals and investment horizon. The benefits of investing your money using algorithms include eliminating human emotions that often influence self-managed investments. Additionally, the technology simplifies the investment process and allows beginner investors with no prior investing knowledge to get started easily. One of the pioneers in Singapore’s Robo-advisor space, AutoWealth was launched in 2017 to investors in Singapore. Since then, the company has continued in expanding its product offerings and investor base. As explained on their website, one little-known fact about AutoWealth is that it’s an institutional-grade robo-advisor used by many institutions, including Fortune 500 companies. These organisations use AutoWealth to support their employees with their finances, such as their pension plans. As retail investors, we can invest our money in the financial markets using AutoWealth. You can read our . If you are keen to invest through AutoWealth, here’s a step-by-step guide on how you can get started today. On the , select “Get Started” on the top right hand of the screen. You will be asked to select the portfolio type you want. Currently, there are a few options to choose from.   We selected Starter to build a globally diversified portfolio for the long term. You will be prompted to choose your risk level. This isn’t a crucial step because you will be asked again on this later when you fund your portfolio account during the risk profile step. However, it’s useful to know that there will be 5 risk levels we can choose from: At this step, fill in your referral/promo code. You can use our promo code, . Once you fund your account with a minimum of $3,000, you will receive a $20 top-up. The quickest way to sign up will be to use your Singpass account. You can retrieve Myinfo with Singpass. Otherwise, you will need to fill out the application form manually. We chose the Singpass option. This option prefilled most of the details. Fill in the rest of the required information. There will also be a financial background form to complete. Once you are done, submit the form. As with opening most investment accounts online, you would need to submit a front and back of your NRIC. Your registration is completed. You will receive your Account ID and Password via email for your login. You can also choose to log in via Singpass. Do note that a custodian account will also be created for you. All investments made through Autowealth will be held in the custodian account under your name. Once you open your account, you can log in either via Singpass or Account ID to it. When you have log in, you can choose to create your first portfolio. We opted for the “Starter” portfolio. Fill in all the requirements in blue. You can choose from five categories of investment goals: house, Car, Children’s Education, Retirement, and General Investing. AutoWealth also requires your personal information to understand your investment profile better. Filling in the details under investment information allows you to determine how much you want to invest and how much you want to top up per month. Risk management is a key component of investing. Under risk assessment, you share with AutoWealth your current investment portfolio composition and your priorities and actions that you would take during a period of market volatility. This helps AutoWealth understand your risk appetite and your current investment holdings. Based on your inputs, AutoWealth generates an investment portfolio for you based on your investment goals, risk level and investment horizon. You also get to see the detailed portfolio breakdown and an overview of your risk profile type. You can proceed to accept the recommendations and start funding your AutoWealth Account. If you have used the promo code ‘ ‘, you will receive a  once you fund it with the .