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Endowus

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About Endowus

Endowus is a sophisticated, digital-first independent financial advisor with a focus on advancing the human experience of money. The partners set up Endowus to institutional-quality financial products at the lowest cost possible to individual investors in order to help them secure their financial future.

The investment office is led by Sam Rhee, previously CEO and Chief Investment Officer at Morgan Stanley Investment Management.

Method Of Investing For Endowus

Endowus's proprietary institutional process enables every client to have a globally diversified core investment portfolio that is:

  • Personalised
  • Holistic
  • Multi-asset class

The company utilises funds from global fund managers, such as PIMCO and Dimensional, with real, long-term proven track records at a fraction of what the industry average costs.

Minimum Investment And Fees For Endowus

The current minimum amount for investment is $10,000.

Endowus also charges an all-in flat fee of 0.25% to 0.60%.

Don't forget to leave you feedback on Endowus here!

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Endowus

Supplementary Retirement Scheme (SRS)

Robo-Advisors

Investments

Lean Sing Ding
Lean Sing Ding
Level 3. Wonderkid
Updated 2d ago
Hi Anonymous, There is currently no difference between cash and srs portfolios. The fees are different because in addition to the fact that cash portfolios cost more for us to operate , we do want to incentivize clients to invest their SRS hence we cap our fees similar to our fees for CPF-IS. We do hope, in future, to be able to lower fees for Cash Portfolios too. We thank you for your interest and we hope to be able to serve you soon! Lean Sing Client Experience Lead

Endowus

Robo-Advisors

Josh Ng
Josh Ng
Level 4. Prodigy
Answered 2w ago
I think for your question, it's better to have a 1:1 consultation with a financial advisor as there are caveats to your lifestyle habits, risk tolerance etc. I know this is probably not the answer you are looking for but the question in itself is too broad to give a tailored response. With regards to Endowus, I believe you need to have a base capital of $10k for you to start using the account, and that capital can be a mix of cpf, srs or cash. Their customer service is excellent (based on my experience) so you can reach out to them directly via email and I'm quite sure you will have some of the questions answered more appropriately. Good luck!

Robo-Advisors

Endowus

MoneyOwl

Dear Anonymous, Thank you for your question. Yes the funds available for CPF are different as we can only use funds that are on the CPF Investment Scheme (CPF-IS) included List of Unit Trusts. Dimensional World Equity Fund is not yet CPF-IS approved. The minimum investment amount of SGD 10,000 is across the different accounts (cash, SRS, CPF). I.e you can invest SGD 5k in cash and SGD 5k in CPF. The fees are calculated separately for CPF/SRs and cash investments. I personally think one of the most important functions of the Endowus platform is the ability to get a holistic view across your different goals and account types. For example, you can create a goal for your retirement, and use your cash, CPF and SRS funds to work towards the goal. You can view the rolled-up performance of all 3 account types, and have a holistic view of how much progress you have made towards reaching the goal.

SeedlyTV EP04

Robo-Advisors

Smartly

MoneyOwl

StashAway

AutoWealth

Endowus

John Smiths
John Smiths
Level 4. Prodigy
Answered 3w ago
Our feedback on the robo-advisors that we have accounts with would be the most useful because we are actually users of the interface as investors. The first part of your question - "Apart from your own", is an exclusion that serves no purpose other than to confuse people trying to answer your question. Just stick to the second part of your question on which Robo-Advisor do we prefer and why. It's more useful to you. I like StashAway the most because of its ever-improving user interface, consistent customer engagement, varied ETFs selection and higher returns along with the higher risk. But I have a soft spot for Smartly because while it's not as good in every aspect, it gives me a certain number of days of management fee waiver every month for investing regularly.

SeedlyTV EP04

MoneyOwl

Smartly

StashAway

AutoWealth

Endowus

Chuin Ting Weber
Chuin Ting Weber
Level 5. Genius
Updated on 30 Apr 2019
Hi Anonymous, this is Chuin Ting, CEO/CIO of MoneyOwl. Thank you for your question. I will try to describe the value-add that MoneyOwl brings and let you decide how it compares with the other companies mentioned here. First, MoneyOwl is not really a pure roboadvisor but a bionic financial advisor - meaning we combine human wisdom and tech - we have an investment robo but we also have a substantial team of well trained (fully salaried) client advisers. We believe 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. An adviser adds value when he or she can help investors understand how markets work and stay invested over the long term to capture market return, rather than time the market. Because it involves connecting the head and the heart, we need technology to do the quantitative parts but we also need human wisdom and empathy. Hence sometimes I hesitate actually to say we are a roboadvisor! Second, in terms of scope of advice, MoneyOwl is not only an investment (robo)advisor, but a comprehensive financial adviser. The investment robo module is our third - after insurance and wills - and soon we will launch comprehensive planning where we integrate both CPF planning and investments for retirement planning, plus introduce retirement withdrawal concepts. Third, we are confident to be this bionic, comprehensive financial advisor because of our DNA and parentage. MoneyOwl is not a pure start-up in that we are a JV between two home-grown Singapore corporates, NTUC Enterprise and Providend, who have been serving Singaporeans for decades. From the NTUC side, we inherit our inclination to serve the ordinary folk through fit-for-purpose solutions, hence our investing quantum starts from $100 lump sum/ $50 monthly. From the Providend side of our parentage, we inherit deep expertise and experience in best-in-class, conflict-free and holistic financial advice. Fourth, we believe that our investment philosophy and 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. I hope that this gives you a good picture of how MoneyOwl thinks about its journey with Singaporeans in putting their money to work towards greater financial security. Thank you again for your question!

Investments

MoneyOwl

Smartly

Robo-Advisors

StashAway

AutoWealth

Endowus

Gabriel Tham
Gabriel Tham, Tag Team Member at Kenichi Tag Team
Level 9. God of Wisdom
Answered 3w ago
Some of them have referral programs to reduce your advisory fees. Most of them reduce the advisory as your AUM increases. Technically, that means it reduces with time as your investment grows.

MoneyOwl

Smartly

Robo-Advisors

Dividends

Investments

StashAway

AutoWealth

Endowus

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Updated on 07 Jun 2019
To answer your first question, yes your dividends are re-invested back into the portfolio. It will go back into your account and it will be whon in the transaction statement monthly. In fact, I think most robo advisors witholding tax will all apply. If you transfer that amount into your Robo-advisor account (it is basically their bank account) the total amount will be managed by them (usually they will keep a small % as cash) but almost 95% or more will be invested based on your risk preference and appetite. Hope this helps!

Robo-Advisors

MoneyOwl

Smartly

Investments

StashAway

AutoWealth

Endowus

Mike Ferrer
Mike Ferrer, Head Of Community Management at TenX
Level 4. Prodigy
Answered on 18 Sep 2019
I don't work at any of the roboadvisors/digital wealth management platforms but have attended enough meetups where the StashAway or Endowus teams answer these questions when people ask. It's usually confidential and something they can't disclose because it's private business information that could be sensitive for their clients and also poses competitor analysis risk.

MoneyOwl

Investments

Robo-Advisors

StashAway

AutoWealth

Endowus

Don't plan to time the market. Stick to your risk profile and stay invested. Markets will go up and down, it's inevitable, but we only don't know when. One thing that has been certain so far, is that even if you invest at the highest points before a crash in a globally diversified portfolio, but stay invested for a good 15-20+ years, you will still be in the green. We've been expecting a crash since 2016. Hasn't happened. If you stayed defensive, you'd missed out huge gains in 2017. If you turned defensive at the end of last year, you'd miss out on one of the highest quarter YTD returns for the start of 2019.

Investments

Robo-Advisors

Smartly

MoneyOwl

StashAway

AutoWealth

Endowus

Tai Zhi
Tai Zhi, Chief Investment Officer at Autowealth
Level 6. Master
Updated on 09 May 2019
Since 2001 when world data was first available. This would have covered many market cycles and crises including the 2001 Dot-Com bubble, 2003 SARS epidemic, 2008 GFC, 2010 Euro Debt Crisis I, 2011 Euro Debt Crisis II, 2015/16 China meltdown. The backtesting is carried out to provide scientific basis for our return & risk projections. That said, we strongly urge you to assess our actual investment returns which are published and updated on our website https://www.autowealth.sg/strategy.php This practice of publishing investment returns is a reflection of our confidence to deliver superior returns and also a reflection of our values to provide transparency. We note that we are the first in the robo-advisory space and the only one to do this.
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