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

Advertisement

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

Also, does anyone also know the difference between their investment approach compared to say, Roboadvisors?Looking to start investing in MoneyOwl but want to understand them better first

Discussion (2)

What are your thoughts?

Learn how to style your text

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!​​​

Gabriel Tham

03 Jan 2020

Tag Team Member at Kenichi Tag Team

Yes, and what would you like to know?

I am very satisfied with their services and platform

View 2 replies

Eddy Cheong

19 Jul 2019

Chief Advisory Officer at Moneyowl

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...

View 1 replies

Luke Ho

07 Jun 2019

Founder and Director at CFX Money Maverick Pte Ltd

Hah. I gotta try this.

But I could still be wrong, so feel free to correct me.

If I had to sugg...

Write your thoughts

Advertisement