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Clover will no longer be offering this product from 31 October. All existing Clover account holders are being advised to check their account for further details.
Please refer to our Robo account comparison pages for a list of other options.
ETFs
Investment product
$2,500
Minimum Investment
5
Number of Portfolios
From $5 /month
Fees
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Clover is a robo advisor that invests your money in a diversified portfolio of Exchange Traded Funds (ETFs) on your behalf. Launched in 2015, Clover uses a disciplined, Nobel Prize winning approach to managing your money. They take the time to understand your personal risk profile in order to develop an investment strategy for your personal situation.
Clover allows you to invest for less, and charges no setup fees, no exit fees, no advice fees and no rebalancing fees. This means you get a better financial experience for a fraction of the cost.
Clover believes every investor is unique, so it builds a customised portfolio for each investor. When you join, Clover will ask you a series of questions, which the company uses to construct your personal portfolio based on your risk tolerance, financial goals and investment timeline.
Portfolios use Exchange Traded Funds that finance experts have carefully selected for their low management fees and high levels of diversification. All portfolios include a mixture of Australian shares, global shares, bonds and cash to guarantee diversification. Clover keeps a close eye on your portfolio and makes adjustments where necessary.
Clover will build a unique portfolio for each investor based on the following;
Clover does not allow the creation of “do it yourself” portfolios. You can’t customise your portfolio, but Clover will recommend portfolios to you.
The only fee you pay is the Clover fee. The Clover fee is based on your balance regardless of which type of portfolio you get. The Clover fee is charged monthly in arrears and is automatically debited from your account.
Account balance | Clover fee |
---|---|
$2,500 - $10,000 | $5.0/mo + GST |
$10,001 - $50,000 | 0.65%/yr + GST |
$50,001 - $100,000 | 0.60%/yr + GST |
$100,001 - $500,000 | 0.55%/yr + GST |
$500,001+ | 0.45%/yr + GST |
Clover does not charge performance fees, and they absorb all trading commissions so there is no cost to you when Clover trades on your behalf. Clover also does not charge any entry or exit fees.
Your portfolio is constructed from a list of Exchange Traded funds that provide exposure to different asset classes so you have a diversified portfolio.
You can opt to invest in socially responsible investments. If you do, they will make up between 20% and 75% of your portfolio. These portfolios will comprise the same mix of asset classes, but will incorporate different shares which are socially responsible investments.
Socially responsible investments are those companies that are not heavily involved in things like alcohol, tobacco, gambling, pornography, controversial weapons and fossil fuels.
Clover does not charge higher fees for portfolios which include socially responsible investments. However, the inbuilt fees charged by the firms that manage these Exchange Traded funds are slightly higher.