OpenInvest vs QuietGrowth
The biggest practical difference is the entry bar: QuietGrowth starts at $3,000 with no monthly platform fee, while OpenInvest asks for $20,000 upfront and charges $7 a month. QuietGrowth is a pure managed ETF portfolio service; OpenInvest is a broader managed portfolio that also holds ASX shares, managed funds and bonds.
- ›You want a managed portfolio that goes beyond ETFs into ASX shares, managed funds and bonds
- ›You have $20,000 or more to invest and want a wider asset menu than a pure ETF portfolio
- ›You prefer dealing with a founder-led, privately owned platform with a phone line open 8am-6pm AET
- ›You want structured education content to work through as you invest
- ›You want to start with a smaller balance, from $3,000
- ›You want zero monthly platform fee and no brokerage on ETF trades
- ›You want to invest from your phone with iOS and Android apps
- ›You want your holdings held under your own HIN with CHESS sponsorship
- ›You want chat support alongside phone and email
Where they differ
| Fact | OpenInvest | QuietGrowth |
|---|---|---|
| Minimum initial deposit | 20,000 AUD | 3,000 AUD |
| Monthly platform fee | 7 AUD/month | 0 AUD/month |
| CHESS sponsorship model | custodian | chess |
| ASX shares supported | true | false |
| Mobile app | No iOS or Android app | iOS and Android apps |
QuietGrowth wins on cost, entry point and CHESS ownership; OpenInvest suits larger portfolios wanting shares, funds and bonds.
Common questions
How do OpenInvest and QuietGrowth compare on minimum initial deposit?
OpenInvest: 20,000 AUD. QuietGrowth: 3,000 AUD. QuietGrowth's lower entry point suits smaller starting balances.
How do OpenInvest and QuietGrowth compare on monthly platform fee?
OpenInvest: 7 AUD/month. QuietGrowth: 0 AUD/month. QuietGrowth absorbs dealing costs into its annual management fee instead.
How do OpenInvest and QuietGrowth compare on chess sponsorship model?
OpenInvest: custodian. QuietGrowth: chess. QuietGrowth holdings sit under your own HIN; OpenInvest uses a custodian model.
When is OpenInvest the better choice over QuietGrowth?
Pick OpenInvest if you want a managed portfolio that goes beyond ETFs into ASX shares, managed funds and bonds; you have $20,000 or more to invest and want a wider asset menu than a pure ETF portfolio; you prefer dealing with a founder-led, privately owned platform with a phone line open 8am-6pm AET; or you want structured education content to work through as you invest.
When is QuietGrowth the better choice over OpenInvest?
Pick QuietGrowth if you want to start with a smaller balance, from $3,000; you want zero monthly platform fee and no brokerage on ETF trades; you want to invest from your phone with iOS and Android apps; or you want your holdings held under your own HIN with CHESS sponsorship.
OpenInvest or QuietGrowth — what's the verdict?
QuietGrowth wins on cost, entry point and CHESS ownership; OpenInvest suits larger portfolios wanting shares, funds and bonds.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | OpenInvest | QuietGrowth |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | custodian | chess |
| Individual HIN | No | Yes |
| 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 | Yes | No |
| ASX ETFs supported | Yes | Yes |
| US shares supported | No | No |
| US ETFs supported | No | No |
| Other markets supported | — | |
| Fractional shares (ASX) | No | 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 |
| 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 | $7/month | $0/month |
| Annual platform fee | — | $0/year |
| Withdrawal fee (AUD) | — | $0 |
| identity and trust | ||
| Legal entity name | OpenInvest Limited | QuietGrowth Pty Ltd (ACN 602 754 692) |
| AFSL number | 504,155 | 505,929 |
| Year founded | 2,017 | 2,014 |
| Parent / ownership | Privately owned (founder-led) | 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 | $20,000 | $3,000 |
| Minimum subsequent purchase | — | $2,000 |
| Deposit methods | — | bank_transfer_eft |
| Settlement period | — | T+2 (ASX standard) |
| platform ux | ||
| iOS app | No | Yes |
| Android app | No | Yes |
| Desktop platform | No | No |
| Demo account | No | No |
| Free real-time market data | — | No |
| Free research reports | — | No |
| 2FA support | — | authenticator-app |
| Customer support channels | phone, email | email, phone, chat |
| Support hours (AU time) | 8:00am-6:00pm AET, business days | — |
| Education content | structured | basic_articles |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| Distribution component breakdown | Yes | Yes |
| CGT calculator / report | Yes | Yes |
| trading mechanics | ||
| Market orders | No | — |
| Limit orders | No | — |
| Stop loss orders | No | — |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | rebalancing | rebalancing |
| DRP (dividend reinvestment) | No | No |
| After-hours / overnight trading | — | No |