Are you looking for a low-cost investment platform in Singapore? Endowus might be the answer you’ve been searching for. Endowus is a robo-advisor platform that allows you to invest your CPF, SRS, and cash savings at a low cost.
The platform provides global access to leading fund managers, allowing everyday investors to grow their wealth without paying high fees.
Endowus was established in 2017 and has since gained a reputation as one of the most trustworthy robo-advisors in Singapore. It offers a wide range of investment portfolios, including cash, CPF, and SRS, tailored to meet your individual investment goals.
Endowus uses evidence-based investing for asset allocations to maximise your returns at the lowest cost possible. The platform charges one all-inclusive, transparent access fee, which includes advice, investment, rebalancing, transfers, and brokerage, at a fraction of the industry average.
1-Minute Guide to Endowus
Borrowers, need a quick rundown on Endowus? You’ve come to the right place! Endowus has become a major player in Singapore’s financial industry, shaking things up for the better. Here’s the lowdown:
- Endowus offers low-cost, globally diversified investment portfolios: You get exposure to a range of stocks and bonds worldwide without the hefty fees traditionally associated with investing.
- Focus on transparency: Endowus prides itself on being upfront about fees and performance. No more hidden charges or confusing jargon – you’ll know exactly where your money is going and how it’s performing.
- Designed for the long term: Endowus understands that building wealth is a marathon, not a sprint. Their portfolios are built for long-term growth, helping Singaporeans achieve their financial goals.
Endowus’ impact? It’s democratising investing in Singapore! By making it affordable, accessible, and transparent, they’re empowering Singaporeans to take charge of their financial future.
Intrigued? Dive deeper into our comprehensive guide to Endowus and unlock the full potential of your investments!
We’ll cover everything you need to know, from fees and investment options to getting started. Let’s get you on the path to financial freedom!
What Is Endowus?
If you’re looking for a digital wealth platform in Singapore, Endowus is a name that’s likely come up in your search. Endowus is a robo-advisor that allows you to invest your CPF, Supplementary Retirement Scheme (SRS) money, and cash savings. With access to funds from leading global fund managers, Endowus curates your investment portfolio with institutional-quality financial products, at the lowest cost possible.
A Closer Look at the Robo-Advisor Landscape
Robo-advisors are digital investment platforms that use algorithms to manage your portfolio. They are designed to make investing easier and more accessible to the average person. Robo-advisors use modern technology to offer low-cost investment solutions to investors. They are considered a popular alternative to traditional investment management services.
Endowus’s Position in Singapore’s Investment Scene
Endowus is a relatively new player in Singapore’s investment scene, having launched in 2019. However, it has quickly gained a reputation as one of the most user-friendly and cost-effective digital wealth platforms available. Endowus’s founders have years of experience in the finance industry, and they have used this experience to build a platform that is easy to use and offers some of the lowest fees in the market.
Endowus’s platform is designed to be accessible to investors of all levels of experience. Whether you’re a seasoned investor or just starting out, Endowus has a range of investment options to suit your needs. The platform offers a range of investment portfolios, each with a different risk profile. You can choose the portfolio that best suits your investment goals and risk tolerance.
In summary, Endowus is a robo-advisor that offers a range of investment portfolios at low cost. Its founders have years of experience in the finance industry, and they have used this experience to create a platform that is user-friendly and accessible to investors of all levels of experience. If you’re looking for a digital wealth platform in Singapore, Endowus is definitely worth considering.
Investment Products Offered
Endowus offers a range of investment products to help you grow your wealth. Here are some of the investment products offered by Endowus:
Unit Trusts and Mutual Funds
Endowus offers a wide range of global unit trusts and mutual funds from leading fund managers. These investment products are professionally managed and diversified, making them ideal for investors who want to grow their wealth over the long term. With Endowus, you can invest in unit trusts and mutual funds with a low cost of entry, making it accessible to everyone.
ETFs and Equities
Endowus also offers a range of ETFs and equities for investors who want to invest in specific sectors or themes. These investment products are ideal for investors who want to take a more active approach to investing. With Endowus, you can invest in ETFs and equities with a low cost of entry, making it accessible to everyone.
Cash and Fixed Income Products
Endowus also offers cash and fixed-income products for investors who want to preserve their capital and generate a stable income. These investment products are ideal for investors who wish to reduce their exposure to market volatility. With Endowus, you can invest in cash and fixed-income products with a low cost of entry, making it accessible to everyone.
Overall, Endowus offers a wide range of investment products to suit the needs of different investors. Whether you want to grow your wealth over the long term, or preserve your capital and generate a stable income, Endowus has an investment product that is right for you.
Understanding Fees and Charges
Regarding investing, fees and charges can significantly impact your returns. Endowus understands this and offers a transparent fee structure to help you make informed investment decisions.
All-In Access Fee Structure
Endowus charges an all-in access fee of 0.4% per annum for CPF and SRS accounts and 0.6% for cash accounts. This includes all underlying fund fees, custodian fees, and platform fees. With this structure, you won’t have to worry about hidden fees eating into your returns.
Sales Fees and Transaction Costs
Endowus does not charge any sales fees or transaction costs. This means you won’t have to pay extra fees when you buy or sell funds on the platform. Additionally, Endowus offers 100% trailer fee rebates, which means any payments received from the fund manager will be rebated back to you.
Comparing Platform Fees
When comparing platform fees, Endowus is one of the lowest-cost robo-advisors in Singapore. For example, StashAway charges a management fee of up to 0.8% per annum, while Syfe charges up to 0.65% per annum. Endowus’ all-in access fee of 0.4% per annum for CPF and SRS accounts is significantly lower than its competitors, making it an attractive option for cost-conscious investors.
In conclusion, Endowus offers a transparent and competitive fee structure that can help you maximise your returns. With no sales fees, transaction costs, and 100% trailer fee rebates, investing with Endowus can be a cost-effective way to build your investment portfolio.
The CPF Investment Scheme
If you’re a Singaporean or a Permanent Resident, you might be familiar with the Central Provident Fund (CPF) scheme. The CPF is a compulsory savings scheme that helps Singaporeans and Permanent Residents set aside funds for retirement, healthcare, and housing.
Investing CPF Savings
Endowus is one of the few robo-advisors in Singapore that allows you to invest your CPF savings. With Endowus, you can invest your CPF savings in a diversified portfolio of low-cost, passive funds. This means you can earn higher returns on your CPF savings than if you were to leave them in your CPF Ordinary Account or CPF Special Account.
CPF Investment Account and CPF Ordinary Account
To invest your CPF savings with Endowus, you must open a CPF Investment Account (CPFIA). The CPFIA is a particular account that allows you to invest your CPF savings in approved investment products. You can open a CPFIA with any of the three local banks or the CPF Board.
In addition to the CPFIA, you’ll need sufficient funds in your CPF Ordinary Account (OA) to invest with Endowus. The CPF OA is where your CPF contributions pay for your housing. You can use your CPF OA savings to invest with Endowus, but you’ll need to leave a minimum balance of $20,000 in your CPF OA.
Overall, investing your CPF savings with Endowus can be a great way to earn higher returns on your retirement savings. However, it’s important to note that investing always comes with risks, and past performance does not indicate future results.
Do your research and consult with a financial advisor before making any investment decisions.
Tip: Tax Efficiency Pro
Endowus minimises CPF withdrawal penalties, maximising your returns. For an extra boost, consider the SRS for tax deductions on contributions. Invest your SRS alongside your CPFIA for a robust retirement strategy.
SRS Investment Options
If you’re looking for a tax-efficient way to save for retirement, the Supplementary Retirement Scheme (SRS) is an excellent option. This scheme is designed to help you save for your golden years while reducing your taxable income today. In this section, we’ll take a closer look at the benefits of SRS funds and explain how the Supplementary Retirement Scheme works.
Benefits of SRS Funds
One of the primary benefits of SRS funds is that they are tax-deductible. When you contribute to your SRS account, you can claim a tax relief of up to $15,300 per year. This means that you’ll pay less tax today and have more money to invest in your retirement.
Another benefit of SRS funds is that they offer flexibility. You can choose from a wide range of investment options, including stocks, bonds, and unit trusts. This means that you can tailor your investment portfolio to suit your risk tolerance and financial goals.
Finally, SRS funds offer tax-free withdrawals. When you reach the age of 62, you can start withdrawing your SRS funds tax-free. This means that you’ll be able to enjoy your retirement without worrying about taxes eating into your savings.
Supplementary Retirement Scheme Explained
The Supplementary Retirement Scheme (SRS) is a voluntary scheme that’s open to all Singaporeans and Permanent Residents. It’s designed to help you save for your retirement while reducing your taxable income today.
When you contribute to your SRS account, you can claim a tax relief of up to $15,300 per year. This means that you’ll pay less tax today and have more money to invest in your retirement. You can contribute to your SRS account anytime between 1 Jan and 31 Dec each year.
You can choose from a wide range of investment options when you invest your SRS funds. These include stocks, bonds, and unit trusts. You can also choose from a range of SRS-approved insurers if you prefer to invest in insurance products.
When you reach the age of 62, you can start withdrawing your SRS funds tax-free. You can choose to withdraw your funds over a period of up to 10 years. This means that you’ll be able to enjoy your retirement without worrying about taxes eating into your savings.
Portfolio Management and Strategy
When it comes to portfolio management, Endowus offers an evidence-based approach to investing. This means that the company’s investment portfolio is based on academic research and historical data. Endowus creates a diversified portfolio that is tailored to your individual risk profile and investment goals.
Asset Allocation and Rebalancing
Endowus uses asset allocation to create a portfolio that is diversified across multiple asset classes. This includes equities, bonds, and alternative investments. The company uses evidence-based investing to determine the optimal asset allocation for your portfolio. This approach ensures that your portfolio is well-diversified and designed to meet your long-term investment goals.
Endowus also offers automatic rebalancing, which ensures that your portfolio remains aligned with your asset allocation strategy. This means that if one asset class performs better than others, Endowus will sell some of the outperforming asset and buy more of the underperforming asset. This helps to maintain your desired asset allocation and reduces the risk of your portfolio becoming too heavily weighted in one asset class.
Risk Profile and Risk Appetite
Endowus takes your risk profile and risk appetite into account when creating your investment portfolio. Your risk profile is determined by factors such as your age, investment goals, and financial situation. Endowus uses this information to create a portfolio that is tailored to your individual needs.
Endowus also takes your risk appetite into account. This refers to your willingness to take on risk in order to achieve higher returns. If you have a high risk appetite, Endowus may recommend a portfolio that is more heavily weighted towards equities. If you have a lower risk appetite, they may recommend a portfolio that is more heavily weighted towards bonds.
Overall, Endowus offers a comprehensive portfolio management strategy that is designed to meet your individual investment goals. With a diversified portfolio and automatic rebalancing, you can be confident that your portfolio is well-managed and aligned with your investment strategy.
Performance and Returns
Are you interested in learning about Endowus’s historical performance data and projected returns? Look no further!
Historical Data and Projected Returns
Endowus’s investment portfolios have shown strong historical performance with a focus on low-cost passive investing. According to SingSaver, Endowus’s portfolios have outperformed the benchmark over the past year. For example, the Endowus Low Cost Global Portfolio returned 20.3% in 2023, outperforming the benchmark by 6.4%.
Looking to the future, Endowus projects returns of 4.2% to 4.5% p.a. for their Cash Smart Ultra portfolio, according to SingSaver. However, it is important to keep in mind that past performance is not a guarantee of future results.
Interest Rates and Their Impact
Interest rates play a significant role in investment returns, and it is important to consider their impact when evaluating investment opportunities. Endowus’s fixed income portfolios are particularly sensitive to interest rates, as changes in interest rates can affect the value of fixed income securities.
According to Endowus, the Low Volatility Fixed Income Portfolio returned -4.9% in Q2 2022 due to elevated inflation and hawkish central bank policies. However, in Q2 2023, the Flagship 100% Fixed Income Portfolio delivered positive returns, outperforming the benchmark, due in part to its larger allocations to corporate bonds and EM bonds.
Overall, Endowus’s historical performance data and projected returns show promising results for investors looking for low-cost passive investment options. However, it is important to consider the impact of interest rates on fixed income portfolios when evaluating investment opportunities.
Endowus Compared to Competitors
If you are looking for a robo-advisor to invest your money in Singapore, you may wonder how Endowus compares to its competitors. Here, we will compare Endowus to Syfe, Stashaway, and other robo-advisors to help you make an informed decision.
Syfe vs Endowus
Syfe is another popular robo-advisor in Singapore, but how does it compare to Endowus? While both platforms offer low-cost investing, there are some differences to consider.
One key difference is the minimum investment amount. Syfe has a lower barrier to entry with no minimum investment required, while Endowus requires a minimum investment of S$10,000. However, Syfe’s fees can be higher than Endowus for larger investments.
Endowus also offers a wider range of investment options, including access to Dimensional Fund Advisors (DFA) funds, which are not available on Syfe. Moreover, Endowus allows you to invest your CPF and SRS funds, while Syfe only allows you to invest cash.
Stashaway and Other Robo-Advisors
Stashaway is another popular robo-advisor in Singapore, but how does it compare to Endowus? Both platforms offer low-cost investing, but there are some differences to consider.
One key difference is the investment strategy. Stashaway uses a proprietary investment strategy that is based on economic indicators, while Endowus uses evidence-based investing for asset allocations to maximise your returns at the lowest cost possible.
Endowus also offers a wider range of investment options, including access to Dimensional Fund Advisors (DFA) funds, which are not available on Stashaway. Moreover, Endowus allows you to invest your CPF and SRS funds, while Stashaway only allows you to invest cash.
When it comes to other robo-advisors in Singapore, Endowus stands out for its low fees, access to institutional class funds, and ability to invest your CPF and SRS funds. However, it’s important to do your own research and compare the features and fees of each platform before making a decision.
Additional Features and Benefits
Cash Management Solutions
Endowus offers a cash management account that helps you earn higher yields on your idle cash. The account is linked to your investment portfolio, which means you can easily transfer funds between your investment and cash management accounts. This feature allows you to earn more on your cash while keeping it liquid and readily available for investment opportunities.
The cash management account is also designed to be flexible, allowing you to withdraw your funds at any time without incurring any fees or penalties. Additionally, the account is insured under the Singapore Deposit Insurance Scheme (SDIC), which means your deposits are protected up to S$75,000 per depositor per Scheme member.
Fund Smart and Evidence-Based Investing
Endowus offers a unique investment strategy that combines fund smart and evidence-based investing. With fund smart investing, Endowus selects the best mutual funds from the world’s leading fund managers, including Dimensional Fund Advisors (DFA), PIMCO, and Vanguard. These funds are selected based on their performance, cost, and risk-adjusted returns.
Evidence-based investing, on the other hand, uses data and research to identify factors that drive long-term investment returns. Endowus uses a proprietary algorithm to identify these factors and create investment portfolios that are optimised for long-term returns. This approach is backed by decades of academic research and has been proven to outperform traditional active management strategies.
By combining fund smart and evidence-based investing, Endowus provides investors with a unique investment strategy that is designed to deliver superior returns over the long term. This strategy is also cost-effective, with fees that are significantly lower than traditional actively managed funds.
Overall, Endowus provides investors with a range of features and benefits that make it a compelling choice for those looking to invest in the Singapore market. With its cash management account, fund smart and evidence-based investing, and low fees, Endowus is a great option for both novice and experienced investors alike.
User Experience and Security
When it comes to choosing a robo-advisor, user experience and security are two of the most important factors. Endowus has made sure to provide an easy-to-use digital interface for its clients, while also ensuring the highest level of security for their accounts.
Ease of Use and Digital Interface
Endowus has created a user-friendly digital interface that is easy to navigate, even for those who are new to investing. The platform is well-designed and intuitive, making it easy to find the information you need and to manage your investments. You can easily view your portfolio, track your performance, and make changes to your investments all from the same dashboard.
Endowus also provides a mobile app that is available on both iOS and Android devices. The app offers all the same features as the desktop interface, allowing you to manage your investments on-the-go.
Security Measures and Trust Account
Endowus takes the security of its clients’ accounts very seriously. The platform uses two-factor authentication to ensure that only authorised users can access their accounts. In addition, Endowus has partnered with UOB Kay Hian, a reputable brokerage firm, to hold its clients’ assets in a trust account. This means that your investments are held separately from Endowus’ own assets, providing an extra layer of security.
Endowus also uses bank-grade security measures to protect its clients’ data. The platform is encrypted with SSL/TLS, which ensures that all data transmitted between your device and Endowus’ servers is secure. Endowus also regularly conducts security audits to identify and address any potential vulnerabilities.
Overall, Endowus provides a secure and user-friendly platform that makes it easy for investors to manage their investments. With its trust account and bank-grade security measures, you can be confident that your investments are safe and secure.
Investment Support and Education
When it comes to investing, having the right support and education can make all the difference. Endowus provides a range of resources to help you make informed investment decisions and grow your portfolio.
Access to Fund Managers
Endowus gives you access to funds from leading global fund managers. These institutional-quality financial products are curated to maximise your returns at the lowest cost possible. With Endowus, you can invest in funds from well-known fund managers such as Dimensional Fund Advisors, PIMCO, and Vanguard.
Investment Advice and Resources
Endowus also provides investment advice and resources to help you make informed decisions. The platform offers a range of educational resources, including articles, videos, and webinars, to help you understand different investment strategies and products. You can also get personalised advice from the Endowus investment team, who can help you build a portfolio that meets your specific investment goals.
Endowus also offers a feature called Fund Smart, which helps you find funds that match your investment preferences. Fund Smart uses a proprietary algorithm to analyse your investment goals, risk tolerance, and other factors to recommend funds that are tailored to your needs.
Overall, Endowus provides a range of investment support and education resources to help you make the most of your investments. Whether you’re a seasoned investor or just starting out, Endowus can help you build a portfolio that meets your needs and helps you achieve your financial goals.
Getting Started with Endowus
If you’re looking to invest your money and grow your wealth, Endowus is a great option to consider. Here’s what you need to know to get started.
Opening an Account
To open an account with Endowus, simply visit their website and sign up. The process is quick and easy, and you can start investing in just a few minutes. You’ll need to provide some basic information, such as your name, address, and contact details. You’ll also need to provide some information about your investment goals, risk tolerance, and investment experience.
Minimum Deposit and Recurring Investments
Endowus has a low minimum deposit requirement of just SGD 10. This means that you can start investing with a small amount of money and grow your wealth over time. In addition to the minimum deposit, Endowus also offers recurring monthly investments. This means that you can set up automatic investments to be made each month, which can help you grow your wealth even faster.
When it comes to investing your money, Endowus offers a range of options to suit your needs. They have a range of different investment portfolios to choose from, each with its own unique investment strategy and risk profile. Whether you’re looking for a conservative investment strategy or a more aggressive one, Endowus has something to offer.
Overall, Endowus is a great option for anyone looking to invest their money and grow their wealth. With a low minimum deposit requirement and the ability to set up recurring monthly investments, it’s easy to get started and start growing your wealth today.
Frequently Asked Questions
What are the most glowing testimonials about Endowus from experienced investors?
Endowus has received many positive reviews from experienced investors. Many investors appreciate the low fees that Endowus charges for their services. Additionally, investors are impressed with the range of investment products available on the platform. Endowus also provides users with the option to invest using their CPF and SRS funds, which is a unique feature in the robo-advisor space.
How does Endowus ensure the safety and security of their clients’ investments?
Endowus takes the safety and security of their clients’ investments very seriously. They use bank-level security measures to ensure that all transactions are secure. Additionally, all client assets are held in a separate custodian account, which is regulated by the Monetary Authority of Singapore (MAS). This means that even in the unlikely event that Endowus goes bankrupt, clients’ investments will be safe.
What are the standout features of Endowus Cash Smart that users rave about?
Endowus Cash Smart is a cash management solution that allows users to earn higher interest rates on their cash balances. Users appreciate the flexibility of being able to withdraw their cash at any time without incurring any penalties. Additionally, Cash Smart offers a higher interest rate than traditional savings accounts, making it an attractive option for investors looking to earn a return on their cash balances.
Could you highlight the fee structure at Endowus and how it benefits customers?
Endowus charges a simple, low fee structure that benefits customers. They charge a fee of 0.4% per annum on assets under management (AUM) up to $200,000 and 0.25% per annum on AUM above $200,000. This fee structure is significantly lower than the industry average, making Endowus an affordable option for investors.
In what ways does Endowus support withdrawals, and are there any unique advantages?
Endowus offers a unique feature called “Cash Out Anytime”. This allows users to withdraw their investments at any time without penalties. Additionally, Endowus supports withdrawals through FAST transfers, meaning users can receive their funds in their bank account within 24 hours.
Are there any enthusiastic reviews on Endowus’ approach to S&P 500 index funds?
Endowus has received many positive reviews for its approach to S&P 500 index funds. They offer a low-cost, passive investment strategy that tracks the S&P 500 index. This approach has been praised by investors who appreciate the simplicity and low fees associated with passive investing.
Additionally, Endowus offers a range of S&P 500 index funds, allowing investors to choose the fund that best suits their investment goals.
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