Endowus Reviews and Comparison - Seedly
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Endowus

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  • Reviews (167)
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4.8
167 reviews
claimed

Claimed

This product is managed by Endowus.

USER RATINGS

User Experience

4.8

Ease of Sign up

4.8

Customer Support

4.9

Endowus

0.25% to 0.60% p.a.

PRICING

$10,000

MINIMUM INVESTMENT

Web

PLATFORMS

[EXCLUSIVE] $20 off your access fees for new sign-ups through the "Visit Site" link or "Apply Now" button.

Endowus

0.25% to 0.60% p.a.

PRICING

$10,000

MINIMUM INVESTMENT

Web

PLATFORMS

[EXCLUSIVE] $20 off your access fees for new sign-ups through the "Visit Site" link or "Apply Now" button.

Details

Endowus Review 2020: Is Endowus the Robo-Advisor For You?

  • Endowus Platform Fees: $0
  • Flat fee of: 0.25% - 0.60% depending on your investments
  • Minimum Investment: $10,000
  • Investment Portfolio: Diversified, low-cost portfolios built on best-in-class mutual funds (or unit trusts)
  • Allows you to invest all three sources of wealth - CPF, SRS and cash - holistically towards your goals
  • Provides an evidence-based approach to wealth, and strategic advice for asset allocation
  • Endowus utilises funds from global fund managers, such as PIMCO and Dimensional, with real, long-term proven track records
  • Assets held in client’s own name at UOB Kay Hian, Singapore’s largest broker.
  • Get to enjoy attractive pricings with low all-in cost with no sales fees, no transaction fees, tax, and currency efficiency.
  • Overall, Endowus has the lowest fees among Robo-Advisors that invest in unit trusts. However, the minimum necessary account balance of S$10,000 might be a huge barrier for many.
  • Exclusive Promotion with Seedly available.
Read More about Endowus
Reviews (167)

4.8

167 Reviews

  • 5
    145
  • 4
    18
  • 3
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pinned

Pinned by Endowus

  • Updated on 20 Oct 2020

    Purchased

    Endowus

    [Onboarding Experience] Opened the account after watching the seedly's robo war webinar in May 2020. Took around 2-3 weeks to get the account ready, slightly longer than other roboadvisors, maybe there were many backlogs during the period. The form-filling process is standard, noting stood out and should be pretty standard. [Investment Method] Main investment vehicle from Endowus is unit trust in SGD. I started my investment journey with unit trust 10 years ago so the concept is not as foreign to me, however due to high fees I've stopped investing with unit trust a few years back and ventured to other markets or ETFs. However I still proceed to invest with Endowus after hearing about them, even though they use unit trust. This is because Endowus rebates back trailer fees (sometimes making final fees low as some ETFs), provide access to unique and curated (unit trust) funds and allowing CPF to access funds that are otherwise not available like US S&P index. Most unit trusts curated by Endowus are also SGD-hedged so you don't need to worry about FX rate, while my own USD-based ETF/shares are currently fluctuating and at mercy of the FED. [Waiting Time] Most execution actions (buy,sell) are quite slow to be reflected in the front-end. Understood that the execution might be instant but it could take sometime to be reflected in various interfaces like custodian accounts, Endowus itself etc. So be patient! Similarly the account statement/documents can be quite slow to publish in front-end as well, but UOB's snail mail letters are consistently on-time so we can also refer to them. [User Experience] Took sometime to get used to the web interface. Have not tried their newly-launched mobile app as I'm trying to stop looking at investment return/loss too frequently! [Customer Support] Excellent support via chat & emails. Turnaround time is less than 24 hours for email. [Others] -Custodian/ownership of investment The unit trust purchased are under our own name custodized by UOB Kay Hian account. This is highly beneficial for us customers, especially in case of unfortunate closure of roboadvisor we wouldn't need to force sell investment at the wrong time. It's also for a peace of mind to know the investment is under our own name. - Insights & Learnings I thoroughly enjoy the webinars co-hosted by Endowus team from local personal finance bloggers to financial gurus from big fund manager house. These contents help me understand and be confident about my choice of investment better.

    0

    Post
  • Updated 2w ago

    Purchased

    Endowus

    [Onboarding Experience] It was a very fast and easy process. Platform is user friendly. Webinars provided are informative. I will highly recommend for users who are contemplating between service providers.

    0

    Post
  • Updated 2w ago

    Purchased

    Endowus

    [Onboarding Experience] On boarding is very smooth, not even small hiccups. I signed up using MyInfo and the account is ready within 3-4 days. Form fillings process is similar to other robo advisors/brokers, nothing special. [User Experience] Both web site and mobile app are very easy to use. Though the website has more features than mobile app, I usually use mobile app nowadays since I can login and check the price with fingerprint login. [Customer Support] They respond to the queries within a day. Superb! [Fees] Their fees are very competitive and transparent. There is a page explaining which fees is charged by different parties! [Others] One suggestion I would like to make is if the user creates multiple portfolios and deposit money, the system should allow which portfolio to be funded first.

    0

    Post
  • Updated 2w ago

    Purchased

    Endowus

    [Onboarding Experience] Onboarding was smooth. Lean Sing, their Cilent Experience Lead, was a tremendrous help in walking me through the investment philosophy and methodology of Endowus. Whole process took about one week, but that was in January and I think it is even faster now. [Investment Method] Endowus' approach is passive asset allocation based on your risk appetite, widely diversified. What I like is the low cost and evidence-based approach, as well as the access to institutional funds. Endowus also provides clearly written rationale for each of the funds it endorses. I also like the transparency around the fees. I am also a regular viewer of the Youtube webinars, and the content helps me to understand Endowus' approach better and learn new things. Wishlist: Would be great if Endowus can also provide the latest Fund Factsheet. This gives insights into the investing philosophy of the funds. [User Experience] I like how the platform displays the projected returns after inputing every preliminary investment decision. I also like how the team continously innovates and improves the user experience, especially in developing a nice app and constant new enhancements to the platform. Very responsive to cilents' feedback. Another BIG plus is the ability to invest CPF OA as well. This is a huge advantage over the other Roboadvisors (I also use Stashaway and Syfe). Although it's only unit trusts, the cost is significantly lower compared to other platforms and even DIY. [Returns Rate] Invested CPF OA in a 60/40 portfolio in Feb 2020 before the March clash. Violatility was acceptable, so I continued to DCA monthly through the low trough. Now sitting on a 5%+ return after 9 months, beating OA and SA rate. Very happy with the returns. My June SRS investment (80/20) has also done well, now sitting on a 8%+ return (time-weighted 4.7% YTD).

    0

    Post
  • Updated 2w ago

    Purchased

    Endowus

    I started using Endowus since around 6 months ago, and so far my experience has been great. I considered Endowus because I would like to invest my SRS and only a number of robo-advisory provided such product. What I really like about Endowus is that it offers low cost, and so far the investment performance has been good despite the unprecedented times we are in at the moment. I also like the fact that Endowus taps into global fund managers (e.g. Vanguard, PIMCO, etc.) to create the offerings to the customers While the website offers a great user experience, a dedicated app will be good for ease of access to the platform. In conclusion, I strongly recommend Endowus to those who would like to tap into a well-performed, easy, low-cost investment.

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Exclusive Promotion with Seedly

Promotion is applicable for new sign-ups only.

No promo code required. To redeem the promotion, sign up by clicking on the "Visit Site" or "Apply Now" buttons to receive $20 off your access fees.

Benefits and Features of Endowus

Endowus robo-advisor's investment portfolio philosophy is diversified, low-cost portfolios built on best-in-class mutual funds (or unit trusts).

To cater to all levels of investors, Endowus will develop your portfolio based on your risk profile and rebalance it periodically.

They offer 6 different types of risk profiles that constitute varying levels of selected funds according to how risky of an investor you are.

Through Endowus, you can invest 3 ways, through CPF, SRS or Cash. And each of these sources offers different types of investment portfolios.

Endowus CPF portfolio includes:

  • Vanguard-managed Infinity US 500 Stock Index Fund - an Endowus Exclusive (Equity Funds)
  • Vanguard-managed Infinity Global Stock Index Fund - an Endowus Exclusive (Equity Funds)
  • First State Dividend Advantage (Equity Funds)
  • Schroder Global Emerging Market Opps Fund ( Equity Funds)
  • Legg Mason WA Global Bond Trust (Fixed Income)
  • UOB United SGD (Fixed Income)
  • Eastspring INV UT Singapore Select Bd Fund (Fixed Income)

Endowus SRS and Cash portfolio includes:

  • Dimensional Global Core Equity (Equity Funds)
  • Lion Infinity (Vanguard) US 500 Stock Index (Equity Funds)
  • Dimensional Emerging Markets Large Cap Core Equity (Equity Funds)
  • Dimensional Pac Basin Small Companies (Equity Funds)
  • PIMCO GIS Global Bond Fund (Fixed Income)
  • PIMCO GIS Income Fund (Fixed Income)
  • Dimensional Global Core Fixed Income Fd (Fixed Income)
  • PIMCO GIS Emerging Markets Bond Fund (Fixed Income)

Endowus Fund Smart

Unlike the standard portfolios mentioned above, opting for Fund Smart gives you more freedom for customisation. You can build your own customisable portfolio using Endowus Fund Smart, where you have access to more than 50 downselected unit trusts to make your own investment portfolio while getting advice on the risk level, underlying holdings of your fund.

You can still invest with your CPF, SRS or Cash.

After personalising your portfolio, it will be monitored and rebalanced automatically and intelligently as per usual.

Cash Smart

Endowus also offers a cash management solution called Cash Smart. This is a different product from the aforementioned standard investment offerings via robo-advisory.

With Endowus Cash Smart, you can invest in a low-risk, liquid cash management solution where you can get up to 2% returns with no limits and no restrictions.

Why choose Endowus as your Robo-Advisor?

1. Investment Strategy and Philosophy

Strategic and passive in asset allocation, Endowus believes in maintaining and building portfolios according to your personal goals and comfort. Evidence-based investing is at the forefront of their investment methods.

2. Accessibility

Endowus portfolios can access the world’s stock and bond markets efficiently through global fund managers with the scale and proven track records to implement their strategies and manage your money.

Fund managers in their portfolios include Vanguard, Dimensional, PIMCO, Schroders, First State, Legg Mason, UOB Asset Management, and more.

2. Cost

By accessing the institutional share-class of funds, having no sales fees, no transaction fees, and rebating 100% of trailer fees, Endowus is low cost and aligned with its clients as an independent fee-only financial advisor.

  • No sales charge,
  • No distribution commissions,
  • no transaction fees and other hidden charges

3. Security

Your assets are securely held in your own name at UOB Kay Hian, Singapore’s largest broker.

Fees and Charges 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%. depending on your investments:

CPF & SRS

0.40% flat fee for any amount

Cash
(tiered)

Up to S$200,000: 0.60%

S$200,001 to S$1,000,000: 0.50%

$1 million to $5 million: 0.35%

above $5 million: 0.25%

Cash Management

0.05% flat fee for any amount

Fees summary for Endowus

Verdict: Is Endowus the Best Robo Advisor in Singapore?

Endowus scores an excellent 4.8 out of 5 stars on SeedlyReviews

Many users like that Endowus is a user-friendly and flexible Robo-Advisor that allows CPF, SRS and cash investments.

Endowus also has the lowest fees among Robo-Advisors that invest in unit trusts. Their pricing structure is attractive as they do not charge sales charges, transaction fees, or trailer fees. Additionally, redeeming your investments seems to be a breeze with no lock-in period.

However, the minimum necessary account balance of S$10,000 might be a huge barrier for many. It is also only available via the web.

About Endowus

Endowus is the first and only digital advisor for CPF, SRS, and cash savings. Led by Sam Rhee, previously CEO and Chief Investment Officer at Morgan Stanley Investment Management, Endowus aims to help investors invest holistically, conveniently and confidently with expert advice, all at an affordable price tag.

Contact Endowus

Operations

MAS Financial Advisers Licence no. 100066-1