Comparison of Robo-Advisors in Australia

Comparison of Robo-Advisors in Australia

Comparison of Robo-Advisors in Australia

Choosing the right investment platform can be overwhelming. With so many options available, it’s hard to know which robo-advisor suits your needs best. This comprehensive comparison of robo-advisors in Australia will help you make an informed decision.

Robo-advisors are online platforms that provide automated, algorithm-driven financial planning services with little to no human supervision. A typical robo-advisor collects information from clients about their financial situation and future goals through an online survey. Then, it uses the data to offer advice and/or automatically invest client assets.


Why Use a Robo-Advisor in Australia?

  • Australia has a vibrant financial technology sector.
  • The adoption of robo-advisors is growing rapidly.
  • They provide a cost-effective way to manage investments with ease.
  • Lower fees compared to traditional advisors.
  • Minimal effort required from the user.
  • Advanced algorithms to optimise investment portfolios.

Top Robo-Advisors in Australia

1. Stockspot

Stockspot is one of Australia’s leading robo-advisors. It offers a simple and transparent fee structure. No hidden charges. The platform provides personalised portfolios tailored to your risk tolerance. Stockspot also has a robust educational resource section.This helps users understand their investment choices better.


2. Six Park

Six Park combines robo-advice with human expertise. The platform was founded by former JP Morgan executives. It offers a hybrid approach. Automated portfolio management with access to human advisors. Six Park’s investment philosophy is based on diversification and low-cost ETFs.

3. Spaceship Voyager

Spaceship Voyager is ideal for tech-savvy investors. It focuses on innovative companies. There are two main portfolios: Spaceship Universe and Spaceship Earth. Low fees and no minimum investment make it accessible. Great for beginners and young investors.


4. Raiz Invest

Raiz Invest rounds up your daily purchases and invests the spare change. This micro-investing approach makes investing easy. Raiz offers various portfolio options. From conservative to aggressive. The app also provides educational content. Helping users understand the basics of investing.

5. InvestSMART

InvestSMART offers a range of managed portfolios. These are tailored to different risk profiles. They focus on transparency. No hidden fees and clear communication. InvestSMART also provides detailed performance reports. Helping users track their investments.

Detailed Comparison

Fees and Costs

Stockspot has a flat fee structure starting at $5.50 per month for balances under $10,000.

Six Park charges an annual management fee of 0.5% for balances up to $100,000.

Spaceship Voyager charges a management fee of 0.10% per annum for the first $5,000 and 0.05% thereafter.

Raiz Invest charges $3.50 per month for balances under $15,000 and 0.275% per year for balances over $15,000.

InvestSMART charges 0.55% per annum for the first $100,000 and 0.33% thereafter.

Investment Options

Stockspot offers five different portfolio options based on risk tolerance.

Six Park provides six diversified portfolios.

Spaceship Voyager has two main options focusing on innovation and sustainability.

Raiz Invest offers seven portfolio choices.

InvestSMART provides a variety of portfolios, including sustainable options.

User Experience

Stockspot has a user-friendly interface with excellent educational resources.

Six Park offers a smooth onboarding process with access to human advisors.

Spaceship Voyager is known for its sleek and modern app design.

Raiz Invest makes investing fun and easy with its micro-investing approach.

InvestSMART offers detailed performance reports and transparent fee structures.


Stockspot portfolios have shown consistent performance.

Six Park portfolios are designed to weather market volatility.

Spaceship Voyager focuses on high-growth tech companies, offering potentially higher returns.

Raiz Invest offers stable performance with its diversified portfolios.

InvestSMART provides solid returns with a focus on long-term growth.

Life Examples

John, a 30-year-old software engineer, chose Stockspot for its simplicity and educational resources. He wanted a hands-off approach to investing. After a year, his portfolio grew by 8% and he felt confident in his financial future.

Emily, a 25-year-old marketing executive, opted for Spaceship Voyager. She was intrigued by its focus on innovative companies. Her investment in the Spaceship Universe portfolio grew by 12% in 18 months.

Michael, a 40-year-old entrepreneur, preferred Six Park’s hybrid approach. The combination of automated investing and human advice suited his needs. His portfolio weathered market fluctuations well, growing steadily over time.

Pros and Cons



  • Simple fee structure
  • Educational resources
  • Strong performance


  • Limited human interaction

Six Park


  • Hybrid approach
  • Diversified portfolios
  • Access to human advisors


  • Higher fees compared to some competitors

Spaceship Voyager


  • Focus on innovative companies
  • Low fees
  • No minimum investment


  • Limited portfolio options

Raiz Invest


  • Micro-investing
  • User-friendly app
  • Educational content


  • Monthly fee for low balances



  • Transparent fees
  • Detailed reports
  • Sustainable investment options


  • Higher fees for lower balances

Which Robo-Advisor is Right for You?

Choosing the right robo-advisor depends on your financial goals and risk tolerance. If you prefer simplicity and educational support, Stockspot might be the best choice. For those who want a combination of automated and human advice, Six Park is ideal.Tech enthusiasts who want to invest in innovative companies should consider Spaceship Voyager. If you like the idea of micro-investing, Raiz Invest is a great option.

For detailed performance tracking and transparency, InvestSMART is worth considering.

The comparison of robo-advisors in Australia highlights a range of options to suit different needs. From low fees to innovative portfolios, there’s something for everyone. Consider your investment goals and risk tolerance. Choose the robo-advisor that aligns with your financial future. Investing doesn’t have to be complicated. With the right robo-advisor, you can achieve your financial goals with ease.


1. What is a robo-advisor?

A robo-advisor is an online platform that provides automated, algorithm-driven financial planning services with minimal human intervention.

2. How do robo-advisors work?

Robo-advisors use algorithms to create and manage investment portfolios based on your financial goals and risk tolerance.

3. Are robo-advisors safe?

Yes, robo-advisors are generally safe. They use encryption and other security measures to protect your data and investments.

4. What are the benefits of using a robo-advisor?

Robo-advisors offer lower fees, ease of use and automated portfolio management, making investing accessible to everyone.

5. How much do robo-advisors charge?

Fees vary by platform. They can range from a flat monthly fee to a percentage of your assets under management.

6. Can I lose money with a robo-advisor?

Yes, like all investments, there is a risk of losing money. However, diversified portfolios help mitigate this risk.

7. How do I choose the right robo-advisor?

Consider factors like fees, investment options, user experience and your financial goals to choose the right robo-advisor.

8. Can I use multiple robo-advisors?

Yes, you can use multiple robo-advisors to diversify your investments across different platforms.

9. Do robo-advisors offer financial advice?

Yes, many robo-advisors offer financial advice based on your goals and risk tolerance. Some also provide access to human advisors.

10. Are robo-advisors regulated in Australia?

Yes, robo-advisors in Australia are regulated by the Australian Securities and Investments Commission (ASIC).


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