Robo Advisor comparison
InvestSMART Robo Advice vs QuietGrowth
The biggest practical difference between these two roo-advice platforms comes down to fees and structure. InvestSMART charges a flat $880 annual platform fee on top of underlying fund costs, while QuietGrowth charges zero platform fees and absorbs trading costs into its management fee. InvestSMART is CHESS-sponsored (you hold shares in your own name) and has a $10,000 minimum; QuietGrowth uses a custodian model and starts at $3,000.
Choose
InvestSMART Robo Advice
if…
- ›You want CHESS sponsorship so your ASX ETFs are held in your own HIN on the share registry
- ›You need access to managed funds and bonds as part of your portfolio construction
- ›You value extensive educational content and research reports to guide your decisions
- ›You want to open company, trust or SMSF accounts alongside standard individual/joint accounts
- ›You prefer a publicly listed parent company (ASX:INV) with a track record since 1999
Choose
QuietGrowth
if…
- ›You want a lower entry point — $3,000 minimum versus InvestSMART's $10,000
- ›You want zero platform fees and zero brokerage — all trading costs are bundled into the management fee
- ›You prefer a more sophisticated auto-invest system that includes portfolio rebalancing, not just basic DCA
- ›You're comfortable with a custodian model where QuietGrowth holds the assets on your behalf
- ›You want a simpler, app-first experience with no desktop platform needed
Where they differ
| Fact | InvestSMART Robo Advice | QuietGrowth |
|---|---|---|
| Annual platform fee | $880/year | $0/year |
| Minimum initial deposit | $10,000 | $3,000 |
| CHESS sponsorship | Yes (CHESS-sponsored) | No (custodian model) |
| Auto-invest sophistication | Basic (DCA only) | Rebalancing level |
| Managed funds & bonds | Supported | Not supported |
Verdict
Choose InvestSMART for CHESS ownership and broader asset options; choose QuietGrowth for lower fees and a lower minimum.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | InvestSMART Robo Advice | QuietGrowth |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | chess | custodian |
| Individual account | Yes | Yes |
| Joint account | Yes | 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 | Yes | Yes |
| US shares supported | No | No |
| US ETFs supported | No | No |
| Other markets supported | AU | |
| Fractional shares (ASX) | — | No |
| Fractional shares (US) | No | No |
| Options trading | No | No |
| CFDs supported | No | No |
| Managed funds | Yes | No |
| Bonds supported | Yes | No |
| IPO access | No | No |
| costs hidden | ||
| Holds USD account | No | No |
| Market data fees | $0/month | $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 | — | $0/month |
| Annual platform fee | $880/year | $0/year |
| Withdrawal fee (AUD) | — | $0 |
| identity and trust | ||
| Legal entity name | InvestSMART Funds Management Ltd | QuietGrowth Pty Ltd (ACN 602 754 692) |
| AFSL number | 246,441 | 505,929 |
| Year founded | 1,999 | 2,014 |
| Parent / ownership | InvestSMART Group Limited (ASX:INV) - publicly listed parent | 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 | public | private |
| money movement | ||
| Minimum initial deposit | $10,000 | $3,000 |
| Minimum subsequent purchase | $100 | $2,000 |
| Deposit methods | BPAY, Direct Debit | bank_transfer_eft |
| Settlement period | T+2 | T+2 (ASX standard) |
| Withdrawal time | 4-5 business days | — |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | Yes | No |
| Demo account | No | No |
| Free real-time market data | No | No |
| Free research reports | Yes | No |
| 2FA support | optional | — |
| Customer support channels | phone, email, live chat | email, phone, chat |
| Support hours (AU time) | 9:00am-5:30pm AEST Mon-Fri | — |
| Education content | extensive | basic_articles |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| Distribution component breakdown | Yes | Yes |
| CGT calculator / report | Yes | Yes |
| Sharesight / Navexa integration | No | — |
| trading mechanics | ||
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | basic | rebalancing |
| DRP (dividend reinvestment) | No | No |
| After-hours / overnight trading | No | No |