Robo Advisor comparison
Bloom Impact vs Stockspot
Bloom Impact and Stockspot are both Australian robo-advice platforms, but they take fundamentally different approaches to investing. Bloom Impact lets you align your portfolio with causes you care about (climate, gender equality, etc.) and charges a flat $4.50/month fee. Stockspot is the older, more established player — it invests in ASX-listed ETFs under CHESS sponsorship (so you actually own the underlying holdings), and charges just $1/month on top of a management fee.
Choose
Bloom Impact
if…
- ›You want your investments to reflect specific ethical themes like climate action, gender equality, or ending poverty
- ›You prefer a simple flat monthly fee ($4.50) with no percentage-based management costs eating into your balance
- ›You're comfortable with a custodian model where the platform holds assets on your behalf rather than in your own name
- ›You want to start with a lower minimum deposit of $500
- ›You value a newer, mission-driven fintech with a clear impact-reporting angle
Choose
Stockspot
if…
- ›You want CHESS-sponsored ownership of ASX ETFs, meaning the holdings are registered in your own name on the ASX settlement system
- ›You're investing a larger balance — Stockspot's fee structure (management fee + $1/month) tends to be cheaper for bigger portfolios
- ›You want a more established platform with a decade-long track record (founded 2014) and structured educational content
- ›You need phone support and authenticator-app 2FA rather than just email and SMS
- ›You want weighted-rebalancing auto-invest that adjusts contributions across your portfolio based on target allocations
Where they differ
| Fact | Bloom Impact | Stockspot |
|---|---|---|
| Ownership model | Custodian | CHESS-sponsored |
| Monthly platform fee | $4.50/month | $1/month |
| Minimum deposit | $500 | $1,000 |
| Year founded | 2022 | 2014 |
| 2FA type | SMS only | Authenticator app |
Verdict
Choose Bloom Impact for values-driven, flat-fee investing; choose Stockspot for CHESS ownership, lower base fee, and a proven track record.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Bloom Impact | Stockspot |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | custodian | chess |
| Individual account | Yes | Yes |
| Joint account | — | Yes |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| SMSF account | Yes | Yes |
| Kids / minor account | — | Yes |
| 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 |
| 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 |
| Corporate action fees | — | Corporate actions (DRP, dividends, distributions) are handled automatically and included in the management fee. No separate corporate action fees disclosed. |
| costs visible | ||
| ASX brokerage minimum | — | $0 |
| ASX free trade conditions | — | No brokerage charged at all - all trades (rebalancing, buys, sells) included in the all-inclusive monthly management fee. |
| Monthly platform fee | $4.5/month | $1/month |
| Annual platform fee | $54/year | $12/year |
| Withdrawal fee (AUD) | — | $0 |
| identity and trust | ||
| Legal entity name | Bloom Impact Investment Services Pty Ltd | Stockspot Pty Ltd |
| AFSL number | 514,360 | 536,082 |
| 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 | Independent / privately held (founder Chris Brycki; shares common major shareholder with Global X Australia) |
| Country of incorporation | AU | AU |
| Public company status | private | private |
| money movement | ||
| Minimum initial deposit | $500 | $1,000 |
| Minimum subsequent purchase | — | $500 |
| Deposit methods | bank transfer, direct debit | Bank transfer (EFT), BPAY, Direct debit (recurring) |
| Settlement period | T+3 | T+2 (ASX standard) |
| Withdrawal time | 3-5 business days | Typically 2-5 business days |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | No | No |
| Demo account | No | No |
| Free research reports | No | No |
| 2FA support | SMS only | authenticator-app |
| Customer support channels | email, in-app | phone, email |
| Support hours (AU time) | Business hours (Mon-Fri AET) | Monday-Friday 9am-5pm AEST |
| Education content | basic articles | structured-articles |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| Distribution component breakdown | Yes | Yes |
| CGT calculator / report | — | Yes |
| Sharesight / Navexa integration | — | No |
| trading mechanics | ||
| Limit orders | — | No |
| Stop loss orders | — | No |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | single asset | weighted-rebalancing |
| DRP (dividend reinvestment) | Yes | Yes |
| After-hours / overnight trading | — | No |