Hi! Has anyone heard of MoneyOwl? Any thoughts on their platform and financial planning services?

There are many IFA out there include MoneyOwl. If your net worth is more than $1M, then I think it make sense to get fee based advisory. Otherwise, there are many resources out there that you can read and learn to start with.

If i not mistaken, they have preliminary assessment which is FOC that you can try out before decide to engage them.

Dear Terrence,

Thank you for asking. Currently, MoneyOwl is the only financial advisory firm that provides a online comprehensive financial planning service. This is the 4th service that MoneyOwl offers. (The earlier being insurance advisory, will-writing and investments.) The comprehensive financial planning brings all these together and more: clients get a financial health check; an analysis of protection needs; children's education and retirement or financial independence goals and a detailed analysis of their CPF. A centrepiece of the comprehensive planning service is the MoneyOwl CPF analyser that projects client's CPF balances into future years considering inflows, outflows and multiple CPF rules and limits. The full fee is $500 but MoneyOwl is currently waiving this fee. So please do give it a try!​​​

Yes, and what would you like to know?

I am very satisfied with their services and platform

Hi Shannon, thanks for your question. My name is Eddy Cheong, Chief Advisory Officer of MoneyOwl, and I would like to share what we believe in and how we deliver our investment services for clients.

MoneyOwl believes that good advice helps to bring about a successful investing experience and that such advice must involve a human element. Advice includes asset allocation, risk profiling, fund selection, monitoring, rebalancing and very importantly risk coaching to help investors stay invested through turbulent market times. There are many reports that show that investors lose out on market return because they panic and sell too early. Thus an adviser adds value when he or she can help investors understand how markets work and stay invested over the long term in order to capture market return, rather than time the market.
Our investment philosophy and the expression of it through the way we construct and manage portfolios - when coupled with advice - give clients a very good chance of a successful investing experience. Because we are at our core advisors, more than fund managers, (even though we have a full-fledged fund management licence), we do not define successful investing as being about maximising return or even maximising risk-adjusted return. Rather, we want to advise and structure investments for clients in such a way as to give you the best odds of meeting your goals. From a combination of evidence we have examined and experience including across the GFC, we know that the keys to successful investing lie in 4 areas:

• being globally diversified

• aiming for market-based return, rather than trying to beat the market through "active management" (either by adjusting asset allocations tactically in response to reading of economic conditions, forecasts or events);

• keeping costs low; and

• staying invested over the long term.

You can find more information here: https://advice.moneyowl.com.sg/the-right-way-to...