SRS robo-investing: MoneyOwl or Endowus?

Looking to invest SRS monies using either MoneyOwl or Endowus. I know that both make use of dimensional funds and that Endowus require 10k minimum across cash, cpf and srs whereas MoneyOwl you can RSP as little as $100.
What other differences in terms of fund types are there between the two?
Also, has anyone had any experience investing SRS with either of the two and are willing to share? Thanks!

Endowus MoneyOwl

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Kent Toh

27 Dec 2019

Consultant at Sprinklr

IMHO, I do not think there are much differences to compare amongst robo-advisers, because both pricing and fees are relatively affordable. The differences will lie in the funds, which gets a bit technical for me.

I personally use Endowus, and it supposedly has lowest fees among robo platforms that invest in unit trusts. I personally do not find the UI difficult. The dsahboard, tells me my activity & balances. And allows me to see my performance across different timeframes and time-weighted returns. I can easily access portfolio/underlying funds.

I also personally like Stashaway, because I can access quickly through its mobile app, see my returns, assets and projections.

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Shengshi Chiam, CFA

27 Dec 2019

Personal Finance Lead at Endowus

Hi Anon!

I am Shengshi from Endowus, just to disclose upfront so that you know that my views might be seen as biased.

For Endowus, we use Dimensional World Equity fund for our equity/stocks exposure, and we use PIMCO funds for our bond exposure. Since many investors/prospective customers are interested in cost, let me highlight that the fund level costs between the equity funds used by Endowus and Moneyowl is very similar. For bond funds, the fund level cost of the Dimensional bonds is around 0.29% , while the Endowus PIMCO bond portfolio is around 0.56%.
The Endowus bond portfolio consists of investment grade bonds, inflation linked bonds as well as emerging market bonds so that our investors have a broad based bond exposure,

Just to highlight another thing about the costs, the Endowus all in access fee is at 0.4% per annum flat for SRS, including platform and advisory fees.

For moneyowl, the advisory fees is at 0.65% per annum and 0.18% per annum for iFast platform fees, for a total of 0.83%.

I hope this helps! Personally, I have cash, CPF and SRS investments in Endowus and I find that it is really convenient to invest everything through one platform.

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