Endowus
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Endowus Review 2021: Is Endowus the Robo-Advisor For You?
Endowus is an evidence-based robo advisor with competitive fees and prices in Singapore. Overall, Endowus has the lowest fees among Robo-Advisors that invest in unit trusts and is great for investors looking to maximise money from their CPF.
Endowus allows you to invest all three sources of wealth - CPF, SRS and cash. It is the first and only robo-advisor in Singapore to allow you to invest your CPF monies. In their investment strategy, Endowus takes an evidence-based approach to wealth, and strategic advice for asset allocation. Their portfolios utilise funds from global fund managers, such as PIMCO and Dimensional, with real, long-term proven track records. Additionally, assets are held in the client’s own name at UOB Kay Hian, Singapore’s largest broker.
- Endowus Platform Fees: $0
- Invest Cash Access fees of: 0.25% - 0.60% depending on your investments
- Cash Smart Access Fees: 0.05%
- Invest CPF & SRS Access Fees: 0.04%
- Minimum Investment: $1,000
- Investment Portfolio: Diversified, low-cost portfolios built on best-in-class mutual funds (or unit trusts)
- $20 off your access fees for new sign-ups through the "Visit Site" link or "Apply Now" button.
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Plans (6)
Endowus Cash Investments Portfolio
Equities, Bonds
INSTRUMENTS
0.25% to 0.60%
ANNUAL MANAGEMENT FEE
$1,000
MINIMUM INVESTMENT
N/A
EXPECTED ANNUAL RETURN
Web and Mobile App
PLATFORMS
[PROMO] Get S$20 off access fees. Valid till 31 Dec 2022. T&Cs apply. Learn more below.
4.8
644 Reviews
Service Rating
User Experience
Ease of Sign up
Customer Support
- Posted 19h ago
Purchased
Endowus CPF Investments Portfolios
Thanks to Endowus we now have an avenue to invest our CPF OA for a higher returns over a long term period. The sign up process is easy and the app/website is very user friendly. I have been recommending friends who are looking to grow their retirement plan to consider using. I will recommend using Endowus to invest S&P500 ETF (Lion Global) using CPF OA.0
What are your thoughts? - - I am a buy and hold, long term retail investor. Low fees for a long term investor is very attractive and I like that my assets are custodised in my name with UOBKH - Viewing my holdings in a single location is important to me. Endowus is easy to use and the dashboard view can see all the allocation in a single view. - I have read through some of the previous reviews consolidated and added some of my own experiences to it. - I have been a customer of Endowus since 2021, I started off with their flagship fund, added SRS, CPF and cash funds, then diversified to cash portfolios (not so good) there after the income portfolio. I am attracted by their investment philosophy backed by access to superior funds - The Endowus core team inspires confidence with a experienced tech stack and ex-bankers who have been industry leaders Onboarding Experience/Signup process - Signing up was easy, smooth and fuss free (< 15mins). - Endowus uses personal data pulled from SingPass MyInfo, this makes the process faster and easier - Bank account, CPF and SRS accounts are easily connected. - No frills and uncluttered user interface and user experience is seamless. Allow you to see and monitor the most important thing…the returns. I think this is a testament to their engineering stack and talent. Customer Support - Customer support was helpful throughout. - Average reply time about 1 business day. - My experience: When I made my initial investment I think I forgot to indicate the reference number? So I thought that the money would get lost, hence I had a minor panic attack, but it was resolved by a patient and responsive customer support team. Waiting time to put money in and take money out Put money in: - It takes about 2-3 days to put money in, they would send you emails to indicate that your investment order has been received, investment is processing and that investment is complete. Take money out: - I have not done it yet, but what I heard is that it takes 2-3 days. Alternative investment source--> Recurring Savings Plan (RSP) - The core and satellite investment strategy, Endowus is part of my invest and forget portfolio. - Set automated deposits and investment every month. investment on 'auto-pilot' appealed to me. - Endowus offers low fees to access institutional funds which are typically out of reach to the average retail investors. Fees structure and multiple goals - I am allowed to split my investments into multiple goals and record them as such on the platform, the fees paid is still the same as putting them all into one goal. - Eg I can put aside money for travel, housing, or car in separate wallets and name them as “travel”, “housing”, “car” - This helps remind you why you are investing or what you are saving up for. saves you the hassle of having to open up multiple bank accounts. Fund Smart portfolio - The fund smart portfolio where you can "D.I.Y" the funds is attractive as their fees is much more competitive (lower) and transparent than the banks that sell them too, therefore more attractive to hold those funds with Endowus over the long run. - This also means I can see all my UT investment consolidate at Endowus - A suggestion, it would be amazing if Endowus is part of SGFindex. It would allow customers to view all our holdings in a holistic manner. SRS - My SRS monies is put to work via Endowus due to its cheaper fees compared with an investment with cash in Endowus. CPF OA - It is the only robo platform that I allows you to invest with CPF monies. - Endowus fees are relatively lesser than investing with cash in Endowus. Returns Rate - Current market conditions are volatile and in the red, I am not expecting positive return immediately. - Great opportunity to DCA down, look forward to seeing my portfolios in the green.
1
What are your thoughts?Nice sharing
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- Posted 28 Apr 2022
Purchased
Endowus Cash Investments Portfolio
Super amazing user interface. I'm able to set automated deposits and investments so I don't need to think about having to invest every month anymore! [User Experience]0
What are your thoughts? - Terrible returns rate. Very bad experience. Suggest to invest very small amount if you stubbornly insist on trying. Would recommend MoneyOwl instead, no commission fee if trying out <10k. they try to keep you engaged by sending you performance updates and accounts but honestly, it just reminds you of how badly it's performing. monthly salt in wound. overpackaged UI attempting to mask terrible product. NOT recommended.
1
What are your thoughts?Bro... but markets are down in general tho
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- I'm soo disturbed about how Endowus is acting unethically. I opened 4 robo accounts in December 2021 to compare them between each other so I slightly get used to their differences and I'm investing each of them monthly. This month we transferred our deposit from my wife's bank account, we were not aware that 3rd party could not make a deposit. All platforms (including Endowus) sent an email to me and ask whether this bank account is a joint account otherwise they need to refund the deposit to originated bank account according to regulations. Only Endowus offered one more option as if it is not a joint account, they can also create a new user for bank account holder name, which will take 3-5 days. I asked all of them to refund the deposit and it took other platforms 2-3 days to refund my deposit. What is frustrating is Endowus is asking 4-8 weeks for a refund, which is I'm finding unethical and frustrating. If I try to withdraw my money from portfolio (underinvestment) it takes 3-5 days, or if I ask to create another account with my transfer it takes 3-5 days, but they are offering a refund for even not invested money for 4-8 weeks. I asked them a logical reasoning for this unacceptable long period for the refund and after many emails exchange now they are offering to make 'exception' for my case for an early refund process (several weeks). I was palling to deposit the refund from my bank account again, but after this unethical marketing strategy, I'm considering quitting from all products of Endowus.
3
What are your thoughts?
Shengshi Chiam, CFA
28 Mar 2022
Level 10·Personal Finance Lead at Endowus
Dear Emek,
We apologise for your experience thus far and understand your frustration. At Endowus, all our clients assets are held in trust with our partner broker UOB KH as such, if a client transfers funds to their Endowus account - they are actually transferring it to a UOBKH account held at HSBC.
Thus we have to work with not only UOBKH but also HSBC's existing operational/compliance processes. To be clear - a typical withdrawal of uninvested cash from the Endowus trust account to the appropriate bank account would typically just take 2-3 business days. However it is different for all third party transfers that are required to be funded to the payor's account - the refund to the payor's account would, unfortunately, take 4-8 weeks according to UOBKH/HSBC processes.Once again we sincerely apologise for the experience thus far but we hope the above explanation provide some clarity on the existing processes.Please do reach out to our team at [email protected] should you have further queries.Reply
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- Sign up process was very easy and smooth. I had some hiccups funding the account but the issue was with my CPF account, not with the platform. Customer support was good throughout. The initial draw of low fees and investment on 'auto-pilot' appealed to me since i was investing with cpf and SRS funds. With current market conditions, i am not expecting positive returns but i think insights on current market events or expectations would be more helpful than the 'dont panic, stay invested, ride over this tide' message.
0
What are your thoughts? - Posted 10 Mar 2022
Purchased
Endowus Cash Smart Ultra
The INCOME fund performance is terrible. When the market is down, the fund decreases but when the market is performing well, the fund ALSO decreases. Isn't this puzzling? The sum just doesn't tally. Something seems wrong somewhere. Now I have deep regrets about investing with EndowUs and am prepared to cut losses and transfer my fund out to my other platforms which are giving me positive returns when the market is performing well on any given day. Worst of all, any query to them is always met with canned responses. There's no personal touch at all.2
What are your thoughts?Income Funds are dividend/ debt related. My experience of making (and losing money) is never ever invest in a dividend/debt related market instrument. Pure Equity over long term is the best. If you need short term money, do 'bank fixed deposits' or leave idle cash. Endowus is a startup, its their job to come with N number of investment products- we as investors need to be very careful in chosing the right product. As for me, I am invested in their core flagship global portfolio- I just hope they never change/close that- anything else, in my personal opinion (please do independent analysis) just avoid. In other platforms like Stashaway and Syfe, they are all investing directly in US ETFs- there are huge tax implications for non-US residents- only Endows (with its high fees) makes sense for a non-US investor in Singapore.
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Benefits and Features of Endowus
- Endowus is priced competitively with attractive prices 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.
- As mentioned, Endowus takes an evidence-based approach to investing which means analysing data and applying the research in a systematic manner as opposed to speculating. The aim of evidence-based investing is to ultimately provide the highest probability of success in growing your wealth over the long term. This can refer to securities that are subjected to specific elements or characteristics in order to maximise returns. Examples of these variables can be size, price, value, or profitability.
- Endowus robo-advisor's investment portfolio philosophy is diversified, low-cost portfolios built on best-in-class mutual funds (or unit trusts). See the list of funds in the different portfolios below.
- 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, Supplementary Retirement Scheme (SRS) or Cash. And each of these sources offers different types of investment portfolios.
Types of Portfolios at Endowus
Wondering How do I invest in Endowus? Starting from the type of funds you'd like to invest in, choose the type of portfolios that most suit your investment goals
Endowus CPF Portfolio
(All Funds are on the CPF Investment Scheme (CPF-IS) included List of Unit Trusts)
- Vanguard-managed Lion Global Infinity US 500 Stock Index Fund - an Endowus Exclusive (Equity Funds)
- Vanguard-managed Lion Global Infinity Global Stock Index Fund - an Endowus Exclusive (Equity Funds)
- First Sentier FSSA Dividend Advantage (Equity Funds)
- Schroder Global Emerging Market Opportunities Fund ( Equity Funds)
- Legg Mason Western Asset Global Bond Trust (Fixed Income)
- Eastspring Singapore Select Bond Fund (Fixed Income)
- UOB United SGD Fund (Fixed Income)
- Natixis Harris Associates Global Equity Fund (Equity Fund)
Endowus SRS and Cash portfolio
- Dimensional Global Core Equity (Equity Funds)
- Lion Global Infinity (Vanguard) US 500 Stock Index (Equity Funds)
- Dimensional Emerging Markets Large Cap Core Equity (Equity Funds)
- Dimensional Pacific Basin Small Companies (Equity Funds)
- PIMCO GIS Global Bond Fund (Fixed Income)
- PIMCO GIS Income Fund (Fixed Income)
- PIMCO Emerging Markets Bond Fund (Fixed Income)
- Dimensional World Equity (Equity Fund)
- PIMCO Global Real Return Fund (Fixed Income)
Endowus Fund Smart
Unlike the standard portfolios mentioned above, opting for Fund Smart gives you more freedom for customisation. You can now build your own portfolio thematically according to what your preferences from a curated list of more than 50 downselected unit trusts. Balancing out that flexibility, there's also safety in knowing these are institutional share-class funds from best-in-class global managers unit trusts that have been carefully screened by Endowus. nto 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.
Overall, Fund Smart appeals to self-directed investors, who seek to have more control over where their money is invested.
Endowus ESG Portfolio
Additionally, apart from their core portfolios, Endowus also crafted ESG Portfolios for those who wish to invest in a better sustainable future. The newest Endowus ESG portfolios are built with the best ESG, sustainable and climate funds for both equities and fixed income from top ESG fund managers.
Endowus Cash Smart Account: A Cash Management Solution
It is also worth mentioning that 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, this cash management account will allow you to invest in a low-risk, liquid cash management solution where you can get up to 2.2% returns with no limits and no restrictions.
How does Endowus work?
Endowus utilises portfolios of mutual funds managed by professional fund managers unlike other robo advisors in Singapore like Stashaway and Autowealth that invests in ETFs.
According to your preferred risk tolerance, Endowus will then build your portfolio accordingly and rebalance it for you periodically.
The levels of risk appetite will determine the ratio of the type of funds in your portfolio:
Risk Level | Portfolio Allocation Ratio |
|---|---|
Very Aggressive | 100% Equities 0% Fixed Income |
Aggressive | 80% Equities 20% Fixed Income and Others |
Balanced | 60% Equities 40% Fixed Income and Others |
Measured | 40% Equities 60% Fixed Income and Others |
Conservative | 20% Equities 80% Fixed Income and Others |
Very Conservative | 0% Equities 100% Fixed Income and Others |
Investment Portfolio Allocation Ratio according to Risk Level
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 to Leading Global Funds
Endowus portfolios can access the world’s stock and bond markets efficiently through leading 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 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. Coupled with the access to leading global funds, this means selecting the investment products that have exhibited good long-term performance with proven track records, that are also offered at attractive institutional-level costs.
- 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 S$1,000.
- Endowus also charges an all-in flat fee of 0.05% to 0.60%. depending on your investments:
CPF & SRS | 0.40% flat fee for any amount |
|---|---|
Cash | Up to S$200,000: 0.60% S$200,001 to S$1,000,000: 0.50% S$1,000,001 to S$5,000,000: 0.35% S$5,000,001 and above: 0.25% |
Cash Management | 0.05% flat fee for any amount |
Fees summary for Endowus
Do check for more information about Endowus Fees on their webpage.
Verdict: Is Endowus the Best Robo Advisor in Singapore?
Endowus usually scores a pretty high score on SeedlyReviews.
Many users like that Endowus is a user-friendly and flexible Robo-Advisor that allows CPF, SRS and cash investments. Currently, being the only robo advisor that offers CPF investment capability is also attractive for many new investors.
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.
Endowus vs StashAway vs Syfe vs Autowealth
Wondering how Endowus will fair against other robos?
Check out our full blog article for the Ultimate Robo Advisor Comparison Guide where we break down their fees, pros and cons, and types of investment products offered by these Singapore robo advisors going head-to-head.
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About Endowus
Endowus is a Singapore based Robo- advisory. It 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
- For more information, you can reach out to Endowus at
- Email: [email protected]
- Address: 158 Cecil Street, Singapore 069545
Operations
MAS Financial Advisers Licence no. 100066-1
Contact us at [email protected] should you require any assistance or spot any inaccuracies.
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