This content is for informational purposes only and does not constitute financial advice. It does not take into account your specific objectives, financial situation, or needs. You should consider whether the information is appropriate for you and seek professional advice before making any financial decisions.
This blog was published on the 01/09/2024 and can’t guarantee the accuracy of the information regarding Spaceship and Raiz. Please ensure that you check out the Spaceship and Raiz websites directly before making a decision.
The rise of online investment platforms has revolutionised the way Australians approach their financial futures.
Choosing the right platform can significantly impact your investment success and long-term financial goals.
In this comparison, we’ll take a closer look at Spaceship and Raiz, two of the more recognisable platforms available, and introduce Medici Invest.
A powerful alternative that provides access to sophisticated investment portfolios, previously only accessible to high-net-worth individuals.
By understanding the differences in investment options and fees, you’ll be better equipped to make an informed decision on which platform aligns best with your financial goals.
Your Investment Options
Raiz
All of Raiz’s investment options are managed portfolios, featuring a mix of exchange-traded funds (ETFs).
This is designed to simplify the investment process for users, offering a diversified approach that aligns with their risk tolerance and financial goals without the need for hands-on management.
As mentioned, Raiz allows for micro-investing, making investing accessible to people with limited disposable income or savings.
With a minimum contribution of just $5, users can invest either lump sum or recurring deposits depending on their financial situation.
Another cool feature is the round-up option which when activated, automatically rounds up your everyday transactions to the nearest dollar, investing the spare change into your Raiz portfolio.
Additionally, Raiz Rewards offers cashback from partner companies, which is automatically invested into your account.
Below are the investment options available to users:
Standard | Five original portfolios tailored to different risk levels, ranging from Conservative to Aggressive. |
Emerald | Focuses on socially responsible investments, ideal for those seeking ethical investing options. |
Sapphire | Includes a 5% allocation to Bitcoin, providing an easy way to gain cryptocurrency exposure. |
Property | Features a 30% allocation to the Raiz Property Fund, allowing micro-investing in Australian real estate. |
Plus | Customisable portfolio option, enabling users to build their own portfolio from a selection of ETFs, ASX-listed stocks, up to 5% Bitcoin, and up to 30% in the Raiz Property Fund. |
Spaceship
Spaceship is a popular choice among younger investors, particularly those new to investing.
Launched in 2016, the platform has quickly gained traction by offering easy access to diversified portfolios and the US stock market through its mobile app.
Spaceship’s voyager investment portfolios focus on technology-driven companies and they have positioned themselves as a go-to option for investors interested in high-growth sectors.
They also give their clients access to the US market with hundreds of US ETFs and stocks to choose from.
There is no minimum investment for their voyager investment portfolios and only $10 minimum for US shares and ETFs making it an attractive option for beginners looking to dip their toes into the investment world.
Spaceship features 5 voyager investment portfolios including:
Universe Portfolio | A high-growth investment strategy that targets innovative companies that are shaping the future. |
Earth Portfolio | A high-growth investment strategy that’s more focused on sustainability and includes companies that contribute positively to society and the environment whilst still generating profits. |
Origin Portfolio | A high-growth investment strategy that invests in 200 of the largest companies globally and in Australia, focusing on well-established, blue-chip stocks. |
Galaxy Portfolio | A balanced investment strategy that combines lower-risk assets like bonds and cash with growth companies that are poised to benefit from future trends. |
Explorer Portfolio | A conservative investment strategy for cautious investors that prioritises lower-risk investments in bonds and cash while still maintaining some exposure to major global and Australian companies to capture growth opportunities. |
The platform’s user-friendly interface allows users to:
- Discover US ETFs and stocks not yet on your radar.
- Ability to get to know all the companies in your portfolio with their in-depth company profiles.
- Ability to create a long-term investment goal
- Boost capabilities
Medici Invest
Medici Invest is designed for those who want more than just a basic investment platform.
Offering access to sophisticated portfolios that were once exclusively available to high-net-worth individuals, Medici Invest stands out by making advanced investment strategies accessible to all.
Our platform leverages technology to simplify the investment process, allowing users to open an account and choose from five diversified portfolios within minutes.
Medici Invest’s emphasis on combining ease of use with high-level investment options makes it a strong contender for investors seeking both simplicity and performance.
While there is a minimum investment requirement of $5,000, the value you gain from investing with Medici Invest is substantial.
Our dedicated Funds Management team, with deep expertise in micro and macroeconomic trends, ensures that your investments are guided by professionals who understand the complexities of the financial world.
Our Investment Committee conducts rigorous, ongoing research to identify the best opportunities, continually adjusting strategies to mitigate risks and optimise performance.
By leveraging our strong industry relationships and staying at the forefront of emerging trends, Medici Invest provides a competitive edge, ensuring that our portfolios are aligned with the latest market developments.
This combination of expert management, advanced strategies, and proactive risk mitigation offers investors a unique opportunity to grow their wealth in a well-informed and strategically managed environment.
Here are our 5 investment portfolios:
Our active income investment portfolio is suitable for investors with a lower tolerance for risk and a preference for income generation over capital appreciation. | |
Our moderate growth investment portfolio is suitable for investors who want a balanced mix of risk and return, offering moderate growth and downside protection. | |
Our high-growth investment portfolio is tailored for investors willing to embrace higher risk for potential substantial long-term growth, and it is best suited for those with a long investment horizon. | |
A high-growth investment portfolio that focuses on industries and organisations that are at the forefront of the transition to renewable energy and best positioned to be leaders of the energy transition. | |
A high-growth investment portfolio targets innovative, future-oriented companies poised for significant growth focusing on sectors such as AI, fintech, biotechnology and renewable energy. |
Fees and Pricing
Understanding the fee structures of different investment platforms is crucial, as fees can directly impact your investment returns.
Raiz
Raiz operates with a simple and transparent fee structure:
- Raiz Standard: Flat rate of $4.50 per month for accounts with balances under $20,000 and a 0.275% per year management fee for accounts over $20,000
- Raiz Plus: Flat rate $5.50 per month for accounts with balances under $20,000 and a 0.275% per year management fee for accounts over $20,000
- Raiz Sapphire & Property Portfolio: Flat rate of $4.50 per month plus a 0.275% per year management fee
Raiz’s structure is particularly beneficial for users who prefer micro-investing and consistent contributions through its round-up feature.
Spaceship
Spaceship offers two main products: Spaceship Voyager and Spaceship US Investing.
Spaceship Voyager
- For balances below $100, there are no monthly fees but a 0.15%-0.50% per year management fee per portfolio.
- For balances of $100 or more, there is a $3 per month flat fee plus 0.15%-0.50% per year management fee per portfolio.
Spaceship US Investing
- $4 a month If you haven’t paid the Spaceship Voyager monthly fee however there is no monthly fee if you have paid the Spaceship Voyager monthly fee within the last month.
- There is a 0.70% foreign exchange (FX) fee per trade.
- No ongoing management fees.
Spaceship’s fee structure is designed to be accessible, especially for new investors with smaller balances.
Medici Invest
Medici Invest charges a 1.00% per annum management fee, covering our active management approach.
This includes ongoing portfolio monitoring, tactical asset allocation, and regular rebalancing to optimise returns and manage risk.
Our dedicated Investment Committee conducts in-depth research and adjusts your portfolio based on market conditions, ensuring it aligns with the best opportunities.
This fee ensures your investments are professionally managed, with a focus on maximising returns while mitigating risks in a dynamic market environment.
Which Investment Platform Is Best For Me
At the end of the day, the right investment platform for you depends on your financial goals, risk tolerance, and how involved you want to be in managing your investments.
Here’s a quick guide to help you decide between Spaceship, Raiz, and Medici Invest:
Raiz
- Best for: Individuals who want to start investing with small amounts of money and prefer a hands-off approach. Raiz’s micro-investing and round-up features are great for those who want to build wealth gradually with minimal effort.
- Consider if: You like the idea of automating your investments with spare change and want access to a variety of portfolios, including options for socially responsible and property-focused investments.
Spaceship
- Best for: Investors who are interested in high-growth sectors or US stocks and want a simple, low-fee platform with no minimum investment cost.
- Consider if: You prefer a straightforward, easy-to-use app with minimal fees and a focus on global and technology-driven companies.
Medici Invest
- Best for: Investors seeking sophisticated, actively managed portfolios that are generally only accessible to high-net-worth individuals. Suitable for those who want to leverage expert management and advanced strategies without needing an excessive amount of capital.
- Consider if: You want the convenience of an easy-to-use online platform but with access to sophisticated investment strategies typically reserved for high-net-worth individuals.
Want to get started with Medici Invest?
Ready to begin your investment journey with Medici Invests?
Check out our investment portfolios and choose the right strategy for your needs.
Once you’ve decided, follow these simple steps to get started:
Step 1: Click this get started link
Step 2: Create an OpenWealth account
Step 3: Go to our products tab and select the portfolio that’s right for you
Step 4: Enter the amount of money you’d like to invest
Step 5: Choose your account type
Step 6: Answer the onboarding questions – it should take less than 5 minutes
Step 7: Transfer your funds through BPAY or via direct bank transfer
Step 8: You’re good to go! Monitor your sustainable investment portfolio through the app or online portal
It’s that simple!
If you’d like to speak directly with the Medici Invest team, give us a call on (03) 9637 1608 or contact us online to learn more about how our portfolios are a must-have as a part of your overall investment strategy!
