Smartly recently closed - what is within Endowus that fortifies it against this happening as well? Does Endowus have the same risks that Smartly had? What is the fundamental difference bet the two?

Hi thanks you for your question!

It's difficult to compare a company that is no longer there and I know and like the guys who built it. But I think in terms of business risk, we are very well funded and secure and have a long runway. We are also growing and at a much larger scale already and bigger than most other robos. We also importantly manage your funds through UOB Kay Hian, the largest domestic broker, through whom we create a secure trust brokerage account in your own names so it is the safest way to manage segregated accounts and is not comingled or self custodized like some other robos. Also in the worst case scenario like in Smartly's case, you do not have to force liquidate your position. So at every level, Endowus is built and is maintained at a higher levle of security with less risk as a business.