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BT Tan

31 Aug 2023

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General Investing

MoneyOwl to Wind Down Financial Advisory Business by End-2023

MoneyOwl announced today (August 31, 2023) that it is winding down its financial advisory business and that all commercial activities will cease by December 31, 2023.

https://www.moneyowl.com.sg/notice

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Discussion (15)

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Francis

01 Oct 2023

No choice since market is not big enough.

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ST

16 Sep 2023

Wondering why MoneyOwl is not popular as compared to other robo advisors. Their fees are lower than others.

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SH

08 Sep 2023

Not a bad idea since MO is not the best player

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I.L.

04 Sep 2023

Sadly, the business model is not sustainable in a competitive market.

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Ian

03 Sep 2023

Goodbye :(...

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MINIMUM INVESTMENT

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How is MoneyOwl different from normal financial advisory? Is giving cash rebates actually legal under MAS ruling?

What's the difference between MoneyOwl’s comprehensive financial planning (2 hours) and IFA’s version of financial planning ($$$$)?

I am a busy working adult and am looking for some help in investment. Is it a wise move to engage POEM Securities Advisory Service for assistance which charges 1.25% advisory fees pa.?

Is MoneyOwl the only financial adviser licensed by MAS to write wills for free now? I'm actually thinking of getting my will written but not sure whether I should go for MoneyOwl or OCBC?

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