Endowus
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Summary
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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.
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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
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Purchased
Endowus CPF Investments Portfolios
0
1
Nice sharing
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Purchased
Endowus Cash Investments Portfolio
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1
Bro... but markets are down in general tho
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3
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.
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Purchased
Endowus Cash Smart Ultra
2
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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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
(All Funds are on the CPF Investment Scheme (CPF-IS) included List of Unit Trusts)
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.
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.
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.
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
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.
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.
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.
Your assets are securely held in your own name at UOB Kay Hian, Singapore’s largest broker.
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.
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.
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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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.
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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