MoneyOwl Reviews and Comparison - Seedly
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MoneyOwl

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Robo-Advisors/MoneyOwl
Robo-Advisors/MoneyOwl
5.0
10 reviews
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This product is managed by MoneyOwl.

MoneyOwl

0.5% - 0.6% p.a.

PRICING

$100

MINIMUM INVESTMENT

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PLATFORMS

MoneyOwl

0.5% - 0.6% p.a.

PRICING

$100

MINIMUM INVESTMENT

Web

PLATFORMS

Details

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 (10)

5.0

10 Reviews

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    Most HelpfulMost RecentLow to HighHigh to Low
      Updated 6h ago

      Purchased

      MoneyOwl

      [Onboarding Experience] Easy to set up an account and start my investment. [Customer Support] Very good customer service experience when I called them with some questions about my investment. They assigned an advisor to each client. So you know someone is looking after you.

      0

      Post
      Updated 1d ago

      Purchased

      MoneyOwl

      The platform user experience is intuitive, coupled with great client service and customer support. I highly recommend my friends and family to check on MoneyOwl for its affordable financial products.

      0

      Post
      Updated 2d ago

      Purchased

      MoneyOwl

      [Customer Support] Prompt replies and always a proper closure with regards to my queries. [User Experience] Very straightforward process, and for a beginner like me, the products offered are easy to understand! :) No complexity!

      0

      Post
      Updated 2w ago

      Purchased

      MoneyOwl

      Recently my husband and I bought our Careshield Life policies from MoneyOwl. We submitted our quotes through the online platform, it was simple and easy to use. There was no obligation to create an account for enquires. The advisor attended to us was Alvin. He was very clear and patient in the explanation of the various careshield life products. He also help to clear our confusion on the difference between Eldershield and Careshield. Even though we got queries from products that are not sold by them, he helped us to look into it and did a comparison for us. Feel very bad to rush him on New Year eve. I have also been using their investment platform for SRS and Cash investment. It is easy to setup using MyInfo and my account was created in less than 5 mins. I also like it that I can create multiple portfolios online for my different financial needs. Definitely coming back to them for my future financial enquiries.

      0

      Post
      Updated 2w ago

      Purchased

      MoneyOwl

      My husband and I purchased Life Protection, Critical Illness and Occupational Disability plans from MoneyOwl. The on-boarding experience was very smooth and our advisor Shawn was knowledgeable and really helped us a lot understand our insurance needs. We also invested 2 years back and are very happy with the returns. Highly recommended!

      0

      Post
    Questions (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.