facebookWhy does only Endowus allow investing via CPF? - Seedly

Anonymous

12 Jul 2020

Robo-Advisors

Why does only Endowus allow investing via CPF?

Among roboadvisors in Singapore, why is Endowus the only one that allows investing via CPF?

To allow funds via CPF, are there more rigorous checks and audit conducted by the government/MAS/CPF? Or is this purely a business strategy?

If it's due to the former, does it mean my funds may be slightly safer in Endowus (unlikely to go bust)?

I fully understand that the returns are subject to the funds selected/risk profiles/allocations of the respective roboadvisors.

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Hariz Arthur Maloy

12 Jul 2020

Independent Financial Advisor at Promiseland Independent

Hi Anon, only companies with the FA license can distribute and advise on CPFIS funds. For current robos that's EndowUs and MoneyOwl. MoneyOwl has mentioned a few times they're launching one as well. The other robos have a 'fund managment' license instead.

Additionally, all licensed human advisors can distribute and advise on the same CPFIS funds that EndowUs provides except the S&P 500 LGI index fund that only EndowUs has for the moment.

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