Robo Advisor comparison
OpenInvest vs QuietGrowth
The biggest difference between OpenInvest and QuietGrowth is the minimum commitment. OpenInvest requires a $20,000 starting deposit, making it a serious proposition for wealthier investors, while QuietGrowth asks for just $3,000. Both are robo-advice platforms that invest your money into a managed portfolio of ASX ETFs, but they go about it with very different fee structures and account minimums.
Choose
OpenInvest
if…
- ›You have $20,000 or more to invest and want a dedicated robo-adviser with a flat monthly fee structure
- ›You want access to managed funds and bonds in your portfolio, not just ETFs
- ›You value structured educational content and phone support during business hours
- ›You want a platform that offers a CGT report and distribution component breakdown for tax time
Choose
QuietGrowth
if…
- ›You want to start investing with as little as $3,000
- ›You want zero platform fees — QuietGrowth absorbs all dealing costs into the management fee, so there's no separate monthly or annual charge
- ›You prefer a mobile app (iOS and Android) to manage your portfolio on the go
- ›You want live chat support in addition to phone and email
- ›You want a lower barrier to entry for subsequent investments ($2,000 minimum top-up vs OpenInvest's $20,000 initial hurdle)
Where they differ
| Fact | OpenInvest | QuietGrowth |
|---|---|---|
| Minimum initial deposit | $20,000 AUD | $3,000 AUD |
| Monthly platform fee | $7/month | $0/month |
| Mobile app availability | No mobile app | iOS and Android apps available |
| Investment universe | ASX ETFs, managed funds, bonds | ASX ETFs only |
| CHESS sponsorship | Custodian model (no individual HIN) | Custodian model (no individual HIN) |
Verdict
If you have $20k+ and want managed funds and bonds, choose OpenInvest. Otherwise, QuietGrowth offers lower barriers and zero platform fees.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | OpenInvest | QuietGrowth |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | custodian | custodian |
| Individual HIN | No | — |
| 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 |
| 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 |