Alternatives to QuietGrowth
QuietGrowth is a robo-advisor that builds diversified ETF portfolios for Australian investors, with a minimum investment of $3,000 and no monthly platform fee. It uses a custodian model (not CHESS-sponsored) and focuses on automated investing and SMSF accounts. You might be looking for an alternative if you want CHESS sponsorship, direct ASX or US share trading, lower minimums, or features like kids accounts or dividend reinvestment. Here are six alternatives to consider, each with a different angle.
CHESS-sponsored robo-advice with a lower $1,000 minimum, kids accounts, and dividend reinvestment.
- ASX brokerage minimum
- $0
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- chess(QuietGrowth: custodian)
Micro-investing from any amount with round-ups, kids accounts, and a lower barrier to entry.
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- custodian
- Auto-invest / DCA
- Yes
CHESS-sponsored robo-advice from $10,000 with SMSF support and auto-invest features.
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- chess(QuietGrowth: custodian)
- Auto-invest / DCA
- Yes
Custodian-held ASX ETF investing from $20,000 with auto-invest and SMSF capability.
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- custodian
- Auto-invest / DCA
- Yes
US fractional shares with $0 brokerage and a $3 monthly fee, no minimum investment.
- ASX brokerage minimum
- $0
- ASX ETFs supported
- No(QuietGrowth: Yes)
- CHESS sponsorship model
- custodian
CHESS-sponsored ASX trading from $1 plus zero-commission US shares and fractional shares.
- ASX brokerage minimum
- $1
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- chess(QuietGrowth: custodian)
Common questions
Does QuietGrowth use CHESS sponsorship?
No, QuietGrowth uses a custodian model, meaning the platform holds your investments on your behalf rather than you holding them directly on the ASX registry. Some alternatives offer CHESS sponsorship, which gives you direct ownership of ASX-listed shares.
What are the fees for QuietGrowth alternatives?
Fees vary widely. Some robo-advisors charge a monthly flat fee (typically $3 to $7), while others charge a percentage of your portfolio (around 0.3% to 1% per year). A few platforms charge no monthly or platform fee at all, just brokerage on trades.
Can I trade individual ASX shares with QuietGrowth?
No, QuietGrowth invests in a managed portfolio of ETFs and does not support direct trading of individual ASX shares. If you want to buy and sell specific ASX stocks yourself, you would need a broker or platform that offers direct share trading.
What is the minimum investment for QuietGrowth alternatives?
Minimums range from zero (some micro-investing apps) up to $20,000 or more for certain managed accounts. QuietGrowth requires $3,000, so if you have less to start, look for platforms with no minimum or a lower threshold like $1,000 or $100.