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MoneyOwl

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  • Reviews (22)
  • Discussions (0)
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Robo-Advisors/MoneyOwl
Robo-Advisors/MoneyOwl
5.0
22 reviews
claimed

Claimed

This product is managed by MoneyOwl.

USER RATINGS

User Experience

4.9

Ease of Sign up

4.9

Customer Support

4.9

Plans (3)

Slide 1 of 3
  • MoneyOwl

    Equities, Bonds

    INSTRUMENTS

    0.5% to 0.6%

    ANNUAL MANAGEMENT FEE

    $100

    MINIMUM INVESTMENT

    N/A

    EXPECTED ANNUAL RETURN

    Web

    PLATFORMS

  • Fullerton MoneyOwl WiseIncome

    Equities, REITs, Fixed Income

    INSTRUMENTS

    0.5% to 0.6%

    ANNUAL MANAGEMENT FEE

    $1,000

    MINIMUM INVESTMENT

    4.5% to 4.8%

    EXPECTED ANNUAL RETURN

    Web

    PLATFORMS

  • MoneyOwl WiseSaver

    Cash Management

    INSTRUMENTS

    None

    ANNUAL MANAGEMENT FEE

    $10

    MINIMUM INVESTMENT

    N/A

    EXPECTED ANNUAL RETURN

    Web

    PLATFORMS

MoneyOwl

Equities, Bonds

INSTRUMENTS

0.5% to 0.6%

ANNUAL MANAGEMENT FEE

$100

MINIMUM INVESTMENT

N/A

EXPECTED ANNUAL RETURN

Web

PLATFORMS

Details

Product Page Transparency

  • Claimed in January 2021

Best Robo-Advisor Review 2021:
Is MoneyOwl the Robo-Advisor For You?

Being Singapore’s first Bionic Financial Advisor, MoneyOwl fully utilises humans and technology to help customers develop a uniquely customised financial plan.

With the understanding that while money is very personal and involves emotions, the technology employed will aid in integrating complex financial models into one’s financial plan with ease and precision.

MoneyOwl is a MAS licensed financial advisor and fund management company.
MoneyOwl is a social enterprise and a joint venture between NTUC Enterprise Co-operative Limited and Providend Holding Private Limited

Read More about MoneyOwl
Reviews (22)

5.0

22 Reviews

  • 5
    22
  • 4
    0
  • 3
    0
  • 2
    0
  • 1
    0

Read Review About...

    Most HelpfulMost RecentLow to HighHigh to Low
      02 Jun 2021

      Purchased

      MoneyOwl

      Had a wonderful insurance review experience with MoneyOwl. They are independent consultancy that provide unbiased recommendations. I was assigned to their consultant Jia Cheng Tee, who took the effort to understand my insurance coverage gaps, made recommendations accordingly , and help me all the way with clarifying some issues with Aviva, despite being a salaried consultant (and not commission-based). I am glad to now have disability income risk covered with Aviva IdealIncome! One less thing in life to worry about.

      0

      Reply

      29 May 2021

      Purchased

      MoneyOwl

      The advisor from Moneyowl, Jia Cheng, provided good insights and advice on investment and funds allocation. He made the effort to understand my background and financial situation before giving his advice and recommendations. In addition, he listens attentively and highlighted the pros and cons of each solution proposed. Their dimensional fund generate reasonably good returns (and also, low management fees!) for long term investment period. I would highly recommend placing some cash here to earn my passive income.

      0

      Reply

      29 May 2021

      Purchased

      MoneyOwl

      I have a pleasant experience with Royce Tang from MoneyOwl. He gave me unbiased advise on my financial health. This is a different experience from the advice of insurance agents/financial planners as well as so called "IFAs" from firms like Finexis. Not to say anything bad about insurance agents, but if you are looking for unbiased advise, the only route is to get them from someone with the right credentials (e.g. CFP) and does not receive commission from product sales. MoneyOwl is like that - the advisors are not commissioned, and with the advice, you can choose to go back and purchase products that you now know you need, from your regular insurance agents. Alternatively, MoneyOwl allows you to purchase some plans at a discount from their website too. Wishing you all the best in your financial health. For $99 (limited time), what was once a specific (expensive) product for HNW individuals is now accessible to everybody.

      1

      Hi Ashwin, thank you for the 5 star review and great to hear that your experience was a positive one! Just to clarify on the point regarding insurance bought through MoneyOwl. The discounts offered are usually direct from insurer (so if you were to get the same product elsewhere, the same discounts apply). At MoneyOwl we help to bring down the cost for our clients by offering up to 60% (NTUC members) and 50% (Public) commission rebates on eligible products. This is on top of the discounts offered by insurers. So you still pay the same premium, but a portion of the commissions paid to MoneyOwl is rebated to you. More on how our commission rebates work here https://www.moneyowl.com.sg/faq-insurance/#insurance|1 Once again thank you and wishing you well in your financial planning journey!

      Reply

      09 May 2021

      Purchased

      MoneyOwl

      Platform was sleek and easy to use. Onboarding experience was fuss-free and it was easy to monitor my portfolio as well.

      0

      Reply

      30 Apr 2021

      Purchased

      MoneyOwl

      I've been using moneyowl investment platforms since dec 2020 till now and their interface is very user-friendly. rate of returns are good as well.

      0

      Reply

    Discussions (0)
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      How It Works

      Investment Journey

      • Go through needs & risk analysis
      • Login or Sign up
      • Set up an Investment Account and confirm your portfolio
      • Allow 1-2 working days to process through the Online Form OR immediate approval for most cases through MyInfo
      • Investment Account Opening
      • After completion of all the above steps, your Portfolio is now ready to be funded

      Funding Process

      • Transfer Investment amount by online banking
      • Funds received in cash account within a day subjected to use of FAST/PayNow. To avoid delay, it is of utmost importance that the Reference Code is indicated in the transfer.
      • For Lump Sum: Cash account deducted and buy order placed
      • For Monthly: Buy order placed on 15th of the month (or next working day after 15th)
      • Portfolio holdings updated within 4 working days in your account

      Benefits of MoneyOwl

      • High-tech + Human Wisdom - get the best of both worlds as MoneyOwl's bionic element provides both suggestions from the real-life experienced actual human advisors, and shrewd computerized algorithms to help you achieve your investment goals
      • Non commissioned-based Advisers - MoneyOwl’s advisers are salaried-based and are not remunerated by commissions. There is no incentive to hard-sell or to promote products that reward with higher commissions; hence, you can rest assured that suggestions are based on your best interests.
      • One-stop financial service platform - MoneyOwl offers services from Comprehensive Financial Planning, Investments and Insurance to Wills. They also incorporate national schemes such as CPF for a more comprehensive and competent financial advice and fund management services in support of your plan.

      Eligibility: Who Can Apply for MoneyOwl?

      • Minimum age required to open an Investment Account is 18 years old
      • Minimum one-time investment amount is $100
      • Minimum monthly investment amount is $50

      Fees and Charges for MoneyOwl

      • MoneyOwl Advisory Fees:
      • 0.60% p.a. up to $100,000, 0.50% for $100,000.01 and above
      • Platform Fees: Absorbed
      • Fund Expense Ratio (Estimated): 0.28% to 0.32% p.a
      • There are no fees for the closure of a MoneyOwl Investment Account

      Contact MoneyOwl

      • Visit MoneyOwl's website for more information
      • General line: 6329 9189
      • Advisory line: 6329 9188

      Contact us at [email protected] should you require any assistance or spot any inaccuracies.