Robo Advisor comparison
Bloom Impact vs QuietGrowth
Bloom Impact and QuietGrowth are both robo-advice platforms, but they take very different routes. Bloom charges a flat $4.50/month fee and invests your money into a single impact-focused managed fund, while QuietGrowth charges no platform fee and builds you a diversified portfolio of ASX ETFs. The biggest practical difference: Bloom is for values-driven investors who want simplicity and climate impact, whereas QuietGrowth is for hands-off ETF investors who want a lower entry barrier on fees but a higher minimum deposit.
Choose
Bloom Impact
if…
- ›You want your investments to align with the UN Sustainable Development Goals and climate impact targets
- ›You prefer a simple, single managed fund rather than a portfolio of ETFs you need to understand
- ›You can only afford a $500 minimum to get started
- ›You're comfortable paying a flat $4.50/month platform fee instead of having costs bundled into the fund's management fee
Choose
QuietGrowth
if…
- ›You want a diversified ETF portfolio that is automatically rebalanced at the portfolio level
- ›You'd rather pay zero platform fees and have all costs absorbed into the annual management fee
- ›You can meet the $3,000 minimum deposit and $2,000 subsequent purchase minimums
- ›You want phone and chat support in addition to email and in-app messaging
- ›You value a CGT calculator and report feature for tax time
Where they differ
| Fact | Bloom Impact | QuietGrowth |
|---|---|---|
| Platform fee | $4.50/month ($54/year) | $0/month ($0/year) |
| Minimum initial deposit | $500 | $3,000 |
| Investment type | Single managed fund (impact-focused) | Portfolio of ASX ETFs |
| Auto-invest sophistication | Single asset level | Rebalancing level |
| Dividend reinvestment (DRP) | Yes | No |
Verdict
Choose Bloom Impact for low-minimum, fee-transparent impact investing; choose QuietGrowth for zero platform fees and automated ETF portfolio rebalancing.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Bloom Impact | QuietGrowth |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | custodian | custodian |
| Individual account | Yes | Yes |
| Joint account | — | Yes |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| SMSF account | Yes | Yes |
| Kids / minor account | — | No |
| asset coverage | ||
| ASX shares supported | No | No |
| ASX ETFs supported | No | Yes |
| US shares supported | No | No |
| US ETFs supported | No | No |
| Other markets supported | ||
| Fractional shares (ASX) | — | No |
| Fractional shares (US) | — | No |
| Options trading | No | No |
| CFDs supported | No | No |
| Managed funds | Yes | No |
| Bonds supported | No | No |
| IPO access | No | No |
| costs hidden | ||
| Holds USD account | No | No |
| Market data fees | — | $0/month |
| costs visible | ||
| ASX free trade conditions | — | No brokerage/trading fees are payable on any ETF transactions executed by QuietGrowth on behalf of the client; all dealing costs are absorbed into the annual management fee structure. |
| Monthly platform fee | $4.5/month | $0/month |
| Annual platform fee | $54/year | $0/year |
| Withdrawal fee (AUD) | — | $0 |
| identity and trust | ||
| Legal entity name | Bloom Impact Investment Services Pty Ltd | QuietGrowth Pty Ltd (ACN 602 754 692) |
| AFSL number | 514,360 | 505,929 |
| Year founded | 2,022 | 2,014 |
| Parent / ownership | Independent / privately held (founders Camille Socquet-Clerc and Bertrand Caron); seed investors including angel investors and ex-FutureSuper founder Adam Verwey as Executive Director | Independently / privately owned (founders Dilip Sankarreddy and Krupakar Chinnasani); operates as Corporate Authorised Representative of Amplus Global Pty Ltd (AFSL 505929) |
| Country of incorporation | AU | AU |
| Public company status | private | private |
| money movement | ||
| Minimum initial deposit | $500 | $3,000 |
| Minimum subsequent purchase | — | $2,000 |
| Deposit methods | bank transfer, direct debit | bank_transfer_eft |
| Settlement period | T+3 | T+2 (ASX standard) |
| Withdrawal time | 3-5 business days | — |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | No | No |
| Demo account | No | No |
| Free real-time market data | — | No |
| Free research reports | No | No |
| 2FA support | SMS only | — |
| Customer support channels | email, in-app | email, phone, chat |
| Support hours (AU time) | Business hours (Mon-Fri AET) | — |
| Education content | basic articles | basic_articles |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| Distribution component breakdown | Yes | Yes |
| CGT calculator / report | — | Yes |
| trading mechanics | ||
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | single asset | rebalancing |
| DRP (dividend reinvestment) | Yes | No |
| After-hours / overnight trading | — | No |