Spendher
License: Australia Financial Intelligence Agency (AUSTRAC)
Wall of Coins
License: Not Regulated
Uphold
License: Not Regulated
HiveEx
License: Australia Financial Intelligence Agency (AUSTRAC)

QuietGrowth

VeryGood 6.75
1 2 3 4 5 6 7 8 9 10
  • Overview
  • Program details
  • Reviews
  • Charts

QuietGrowth Review

  • QuietGrowth helps to save client’s time by making investments on their behalf.
  • QuietGrowth offers a cost-effective way for clients to invest.
  • QuietGrowth provides several asset classes.
  • The company uses the Modern Portfolio Theory investment approach.
  • QuietGrowth offers a mobile app that enables investors to track their investments, update their statement of advice, as well as receive the latest investment news wherever they are.
  • QuietGrowth has a social media presence.
  • Low minimum investment sum.
  • No significant disadvantages.

QuietGrowth is a robo advice trading platform that automatically invests a client’s money to match their risk profile. In this manner, Quiet Growth helps clients to determine an investment portfolio, invest the money, and automatically rebalances it for them. Quiet Growth uses an advanced algorithm to decide on the risk tolerance of investors and then determine the ideal asset class combination that is best for each investor.

show more

QuietGrowth was founded in 2014 by Dilip Sankareddy and Krupakar Chinnasani to manage a risk-optimized and diversified portfolio of Exchange Traded Funds (ETFs) with low expense ratios on their clients’ behalf. Investors can invest with the company in Individual, Joint, Trust, as well as SMSF accounts.

QuietGrowth provides up to five low to high-risk portfolios. Investors can earmark part of their savings for different risk profiles. For instance, you could choose a medium risk profile if you intend to build wealth toward the payment of tuition in future. On the other hand, you can go with a high-risk profile if what you are aiming to do is build wealth toward a well-off retirement. Quiet Growth accepts international clients, with the exception of US investors.

Exchange Platform

QuietGrowth manages clients’ investments on Saxo Capital Markets, a fully licensed and regulated broker that specializes in online trading and investment across global financial markets. Saxo Capital Markets is heavily regulated in many countries, including Denmark, its home country.

The partnership means that QuietGrowth maintains brokerage accounts for all its clients on the Saxo Capital Markets platform. As a result, Saxo Capital Markets has a third-party authorization on all Quiet Growth clients’ accounts. In addition, Quiet Growth provides a mobile robo advice Android app and iOS app. Users can download the app from the Google Play Store for Android devices and the Apple App Store for iOS devices.

Exchange Market

QuietGrowth chooses ETF investments on behalf of its clients, per their risk tolerance in the under listed asset classes:

  • Australian shares
  • International Developed Market Shares
  • International Emerging Market Shares
  • Bonds
  • Dividend shares
  • Natural Resources

Deposit and Withdrawals

Clients can fund their Quiet Growth accounts by transferring money from their bank account to their Quiet Growth accounts for investment. This can be done through several channels such as:

  • Electronic funds transfer (EFT) using BSB and account number. Quiet Growth clients can fund their accounts using the BSB and account number they were provided.
  • BPAY: QuietGrowth can use the biller code and reference number contained in the confirmation email, which they were sent at the time of registration to transfer funds from their bank account to their Quiet Growth account.
  • Direct Debit. Another option available to Quiet Growth users is Direct Debit. To fund your account through this method, complete the Direct Debit Request form from Quiet Growth.
  • Cheque. QuietGrowth can also transfer funds via cheques. Clients must make sure to provide the cheque in their name and deposit it with Quiet Growth’s brokerage account provider, Saxo.

QuietGrowth clients can withdraw a funds from their account whenever they like, provided they maintain a minimum balance of $2,000 in their Quiet Growth account. You cannot withdraw all the money in your account unless you intend to close your portfolio. Quiet Growth does not charge advisory, brokerage, contract, or platform registration fees. Nevertheless, the company charges an annual fee for the use of the trading platform. The fee is calculated annually and deducted from the client’s trading account on a monthly basis. Furthermore, Quiet Growth offers a stepped fee structure that attracts the following charges:

  • Balances between $2,000 to $10,000 attract no annual fee.
  • Balances ranging from $10,001 to $30,000 attract 0.6% charge per annum.
  • Balances between $30,001 to $200,000 attract charge of 0.5% per annum.
  • Balances from $200,000 and above attract charges of 0.4% per annum.

Help and Support

QuietGrowth provides support services to its clients through its helpdesks located in Australia and India. The support channels consist emails, telephone, and social media.

  • Phone: +61 2 8005 7330 (Australia).
  • Email: [email protected] (Australia), and [email protected] (India).
  • Quiet Growth clients can also connect with the company through its social media accounts. The accounts include:
  • Facebook: Quiet Growth clients can link up with the organization on Facebook by visiting https://www.facebook.com/QuietGrowth.
  • Twitter: Clients who want to stay up-to-date with Quiet Growth can do so by following the company on Twitter via its handle @QuietGrowth.
  • Instagram: Clients can also follow Quiet Growth on Instagram via its handle @quietgrowth.
  • LinkedIn: Quiet Growth can connect with the company on LinkedIn by visiting https://www.linkedin.com/company/quietgrowth.

Security and Fairness

ETFs in Australia are regulated by the Australian Securities and Investments Commission (ASIC). The central authority regulates ETFs as registered “managed investment schemes” (MIS). As a result, Quiet Growth is governed by a detailed and strict set of rules concerning assets management. Also, Saxo Capital Markets, Quiet Growth’s partner, has elected Saxo Bank as the custodian to hold Quiet Growth’s securities on behalf of Saxo Capital Markets in an omnibus account, which is classified as a client trust account.

Further, Saxo Capital Markets holds QuietGrowth’s client funds in a pooled segregated client trust account managed by HSBC Bank, Australia. The segregated client account is kept separate from Saxo Capital Market’s own funds and assets. Despite client money being pooled together in the segregated account, Saxo Capital Markets will not use funds deposited by/belonging to one investor to meet the loss of another investor.

Conclusion

QuietGrowth is a reliable online investment management service. The organization assists investors by making the most profitable investment decisions on their behalf. Its low minimum balance requirement of $2,000 is also a plus for the company. Quiet Growth has managed to be everything you would expect a reputable investment management company to be since it launched.

Screenshot

QuietGrowth Screenshot
Details
QuietGrowth Reviews by Traders
Rate Broker and write a review
1 2 3 4 5 6 7 8 9 10
RudyardK
122 reviews
Review date 13/06/2018
1 2 3 4 5 6 7 8 9 10
QuietGrowth requires a low deposit minimum and conservatively trades funds on behalf of their clients.
QuietGrowth is an auto trading platform. It's definitely not for everyone.
BooRadley
133 reviews
Review date 09/06/2018
1 2 3 4 5 6 7 8 9 10
QueitGrowth is for those who prefer an automated approach to investing. They have many convenient options and extras.
QuietGrowth will sometimes make trades on your behalf, how terrible does that sound.
Trading Charts