Are you looking to invest your money but don’t know where to start? Robo advisors are an excellent option for those who want to invest but don’t have the time or expertise to manage their portfolios. MoneyOwl vs Endowus are two popular robo advisors in Singapore, but which one is right for you?
In this article, we’ll compare the investment strategies, financial products, fees, and other features of MoneyOwl and Endowus to help you make an informed decision.
Robo advisors are digital platforms that use algorithms to manage your investments. They offer a simple and cost-effective way to invest in a diversified portfolio of stocks and bonds. Robo advisors have become increasingly popular in Singapore, with several players entering the market in recent years.
MoneyOwl vs Endowus are two of the most established robo-advisors in Singapore, offering a range of investment strategies and financial products. So, how do they compare? Let’s take a closer look.
Key Takeaways
- MoneyOwl and Endowus are two popular robo-advisors in Singapore that offer a range of investment strategies and financial products.
- MoneyOwl’s investment strategy is more conservative, while Endowus offers a broader range of options.
- MoneyOwl’s fees are lower, but Endowus has a lower minimum investment requirement. Consider your investment needs and preferences to choose the robo advisor that suits you best.
Understanding Robo Advisors in Singapore
If you’re looking for a hassle-free way to invest your money in Singapore, robo advisors might be the answer you’re looking for. Robo advisors are digital platforms that use algorithms to manage your investments, making it easy for you to invest your money without needing to have extensive knowledge of the stock market.
Robo Advisors In the Recent Years
In Singapore, robo-advisors have been gaining popularity in recent years, as they offer a low-cost and convenient way to invest your money. By using technology, robo advisors can help you create a diversified portfolio that matches your investment goals and risk tolerance.
Unique Features and Investment Strategies
There are several robo-advisors in Singapore, each with its own unique features and investment strategies. Two of the most popular robo advisors in Singapore are MoneyOwl vs Endowus.
MoneyOwl in Singapore
MoneyOwl is Singapore’s first bionic financial advisor that provides a range of financial planning services, including insurance, will writing, and investment management. They offer a range of portfolios that cater to different risk appetites, and their investment methodology is based on Nobel Prize-winning research.
Endowus in Singapore
Endowus, on the other hand, is a digital wealth advisor who focuses on delivering institutional-quality investment solutions to retail investors. They offer a range of portfolios that invest in low-cost, passively managed funds, and their investment methodology is based on Modern Portfolio Theory.
Both robo-advisors have their strengths and weaknesses, and it’s important to understand their differences before deciding which one is right for you. To help you make an informed decision, we’ve summarised some of the key differences between MoneyOwl and Endowus in the table below:
| Feature | MoneyOwl | Endowus |
|---|---|---|
| Investment Methodology | Based on Nobel Prize-winning research | Based on Modern Portfolio Theory |
| Investment Approach | Actively managed | Passively managed |
| Fund Selection | Limited to Dimensional Funds | Offers a wider range of funds from different providers |
| Minimum Investment | $100 | $10,000 |
| Fees | 0.65% per annum for investment amounts up to $350,000; 0.6% per annum for investment amounts above $350,000 | 0.25% per annum for investment amounts up to $200,000; 0.20% per annum for investment amounts above $200,000 |
As you can see, both MoneyOwl and Endowus have their own unique investment strategies and fee structures. Depending on your investment goals and risk appetite, one robo advisor may be more suitable for you than the other.
Overall, robo advisors are a great option for anyone looking for a low-cost and convenient way to invest their money in Singapore. With the help of technology, you can easily create a diversified portfolio that matches your investment goals and risk tolerance, without needing to have extensive knowledge of the stock market.
MoneyOwl vs Endowus:: An Overview
If you’re looking for a robo-advisor to manage your investments, two popular options in Singapore are MoneyOwl and Endowus. Both platforms have a lot to offer, but they differ in some key areas. Here’s what you need to know to decide which one is right for you.
MoneyOwl at a Glance
MoneyOwl is a robo-advisor that was launched in 2019 in Singapore. It’s a joint venture between NTUC Enterprise and Providend, a financial advisory firm. MoneyOwl’s investment philosophy is based on Nobel Prize-winning research, and the platform offers a range of investment portfolios to suit different risk appetites. MoneyOwl’s portfolios are made up of Dimensional Funds, which are designed to capture the returns of entire asset classes rather than trying to pick individual stocks.
MoneyOwl’s fees are straightforward and transparent. The platform charges a flat advisory fee of 0.65% per annum for all portfolios, regardless of the amount invested. There are no hidden fees, and the platform doesn’t charge any sales commissions. MoneyOwl is also the only robo-advisor in Singapore that offers a bionic financial adviser service, which allows you to speak to a human adviser if you need help with your investments.
Endowus Unveiled
Endowus is another robo-advisor that was launched in Singapore in 2019. It’s a digital investment platform that offers access to low-cost, globally diversified portfolios. Endowus’ portfolios are made up of mutual funds from different managers. The platform’s investment philosophy is based on Nobel Prize-winning research, and the portfolios are designed to capture the returns of entire asset classes.
Endowus’ fees are also transparent and straightforward. The platform charges a fee of 0.4% per annum for the first SGD 200,000 invested, and 0.25% per annum for amounts above SGD 200,000. There are no hidden fees, and the platform doesn’t charge any sales commissions. Endowus also offers a range of investment mandates, including cash management, CPF, and SRS portfolios.
Assets Under Management
According to the latest available information, MoneyOwl manages approximately SGD 300 million in assets, while Endowus manages approximately SGD 1 billion in assets. However, it’s worth noting that both platforms are relatively new, and their assets under management are likely to grow as more investors discover the benefits of robo-advisory services.
In summary, both MoneyOwl and Endowus offer low-cost, globally diversified portfolios that are based on Nobel Prize-winning research. MoneyOwl uses Dimensional Funds, while Endowus uses mutual funds from different managers. MoneyOwl charges a flat advisory fee of 0.65% per annum, while Endowus charges a fee of 0.4% per annum for the first SGD 200,000 invested, and 0.25% per annum for amounts above SGD 200,000. MoneyOwl offers a bionic financial adviser service, while Endowus offers a range of investment mandates. Ultimately, the choice between the two platforms will depend on your individual needs and preferences.
MoneyOwl vs Endowus: Investment Strategies Compared
When it comes to investing, choosing the right robo-advisor is crucial. Both MoneyOwl and Endowus offer different investment strategies that cater to different types of investors. In this section, we will compare the investment approaches of both robo-advisors to help you decide which one suits you best.
MoneyOwl’s Investment Approach
MoneyOwl’s investment approach is based on the principles of dollar-cost averaging and diversification. They invest in Dimensional funds, which are globally diversified and invest in asset classes such as equities and fixed income. MoneyOwl offers a core portfolio, which is a globally diversified portfolio of Dimensional funds. They also offer an equity portfolio, which invests in emerging markets and the Dimensional Global Core Equity Fund.
Endowus Investment Philosophy
Endowus’ investment philosophy is centred around the use of low-cost, passive index funds. They invest in ETFs that track the S&P 500 and MSCI World Index, among others. Endowus offers six investment strategies that range from very aggressive to very conservative. Their investment strategies are designed to cater to different risk appetites and investment objectives.
In terms of performance, both MoneyOwl and Endowus have delivered competitive returns to their investors. MoneyOwl’s equity portfolio has outperformed the MSCI World Index since inception, while Endowus’ investment portfolios have also delivered strong performance.
Overall, both MoneyOwl and Endowus offer unique investment strategies that cater to different types of investors. MoneyOwl’s investment approach is more diversified and based on the principles of dollar-cost averaging, while Endowus’ investment philosophy is centred around low-cost, passive index funds. Ultimately, the choice between the two robo-advisors will depend on your investment objectives and risk appetite.
MoneyOwl vs Endowus: Financial Products on Offer
If you’re considering investing with a robo-advisor, you’ll want to know what financial products are on offer. Here’s a breakdown of what MoneyOwl and Endowus have to offer.
MoneyOwl’s Financial Products
MoneyOwl offers a range of portfolios to suit different investment goals and risk tolerances. Their portfolios are designed to be diversified and low-cost, with a focus on long-term investing.
For those looking for a cash management portfolio, MoneyOwl has the WiseSaver account which offers competitive interest rates and no lock-in period.
If you’re a conservative investor, you might be interested in MoneyOwl’s CPF portfolio which invests in low-cost, diversified funds that are approved by the CPF Board. MoneyOwl also offers an ESG portfolio for those who want to invest in companies that have a positive impact on the environment and society.
Endowus’ Investment Products
Endowus offers two main investment products: Cash Smart and Fund Smart.
Cash Smart is a cash savings product that offers higher returns than traditional savings accounts. It invests your money in a portfolio of short-term, high-quality bonds and cash management funds.
Fund Smart is Endowus’ main investment product and offers a range of portfolios to suit different risk tolerances and investment goals. Endowus offers CPF and SRS portfolios for those looking to invest their retirement funds. They also have a REIT portfolio for those who want exposure to the property market, and an ESG portfolio for those who want to invest in companies that are socially responsible.
Overall, both MoneyOwl and Endowus offer a range of financial products that cater to different investment goals and risk tolerances. Whether you’re a conservative or aggressive investor, looking to invest your CPF or SRS funds, or simply looking for a cash savings product, both robo-advisors have something to offer.
MoneyOwl vs Endowus: Fees and Charges
Deciding on an investment platform is not just about the potential returns, but also the costs involved. In this section, we will compare the fees and charges of MoneyOwl and Endowus.
Comparing Advisory Fees
Both MoneyOwl and Endowus charge advisory fees, which are calculated based on the assets under management (AUM). MoneyOwl charges a flat fee of 0.50% per annum for all portfolios, while Endowus charges a tiered fee structure ranging from 0.40% to 0.60% per annum, depending on the AUM.
If you have a smaller portfolio, MoneyOwl may be a more cost-effective option. However, if you have a larger portfolio, Endowus may be the better choice as their tiered fee structure means that the advisory fee decreases as your AUM increases.
Additional Costs to Consider
Apart from advisory fees, there are other costs to consider when investing with robo-advisors. One of the most significant costs is the annual management fee, which covers the cost of managing and rebalancing your portfolio. MoneyOwl and Endowus both charge an annual management fee of 0.25% per annum.
Another cost to consider is the total expense ratio (TER), which includes the cost of the underlying funds in your portfolio. MoneyOwl’s TER ranges from 0.40% to 0.60%, while Endowus’ TER ranges from 0.25% to 0.60%, depending on the portfolio.
It is also important to note that both MoneyOwl and Endowus offer trailer fee rebates, which means that they will rebate a portion of the trailer fees paid by the fund manager to the robo-advisor. This rebate helps to reduce the overall cost of investing.
Finally, if you are investing in foreign assets, you may also incur currency conversion fees. MoneyOwl charges a flat fee of 0.08% for currency conversion, while Endowus charges a fee of 0.75% for currency conversion.
Overall, while both MoneyOwl and Endowus charge similar fees, the tiered fee structure of Endowus may make it a more cost-effective option for larger portfolios. However, it is important to consider all the costs involved before making a decision.
MoneyOwl vs Endowus: Minimum Investment Requirements
When it comes to investing in robo-advisors, minimum investment requirements are an important consideration. In this section, we’ll take a closer look at the minimum investment requirements for MoneyOwl and Endowus.
MoneyOwl’s Minimum Investment
MoneyOwl has a relatively low minimum investment requirement of just S$100 for a one-time investment and S$50 for a monthly investment. This makes it an attractive option for investors who are just starting out or who don’t have a lot of money to invest.
Endowus’ Investment Threshold
Endowus has a higher investment threshold compared to MoneyOwl. To invest with Endowus, you need at least S$10,000 for a one-time investment or S$100 for a monthly investment. This makes it less accessible for investors who are just starting out or who have limited funds to invest.
In summary, if you’re looking for a robo-advisor with a low minimum investment requirement, MoneyOwl is the better option. However, if you have a larger sum of money to invest, Endowus may be a good choice for you. It’s important to consider your own financial situation and investment goals when choosing a robo-advisor.
MoneyOwl vs Endowus: Portfolio Performance and Risk Management
When it comes to portfolio performance, both MoneyOwl and Endowus have a lot to offer. Here are some of the performance metrics that you should consider when choosing between the two robo advisors.
Performance Metrics
MoneyOwl’s Equity Portfolio has a projected return of 5.5% p.a. over the long term, while Endowus’s Very Aggressive Portfolio has a projected return of 6.5% p.a. over the long term [1]. Both robo advisors use Dimensional Funds, which are tilted towards value, small and profitability factors.
MoneyOwl’s portfolio has a balanced risk profile, with 80% equities and 20% bonds. Endowus’s Very Aggressive Portfolio is 100% equity, but before they moved a sizable portion to Infinity 500, it was all in Dimensional Funds [1].
Both robo advisors rebalance their portfolios regularly to ensure that they remain aligned with your investment goals. MoneyOwl does this annually, while Endowus does it quarterly [3].
Risk Assessment and Profiles
MoneyOwl’s portfolio has a balanced risk profile, with 80% equities and 20% bonds. This makes it a good option for investors who are looking for a balanced approach to investing. Endowus’s Very Aggressive Portfolio, on the other hand, is 100% equity, which means that it is more suited for investors who are willing to take on higher levels of risk.
Both robo advisors provide a risk assessment and profile for each of their portfolios, which can help you to determine which one is right for you. MoneyOwl’s portfolios are designed to be low-cost and diversified, which can help to reduce your overall risk. Endowus’s portfolios are designed to be more aggressive, which means that they may be better suited for investors who are looking for higher returns.
In terms of risk management, both robo advisors have a strong track record of managing risk. MoneyOwl’s portfolios are designed to be low-cost and diversified, which can help to reduce your overall risk. Endowus’s portfolios are designed to be more aggressive, which means that they may be better suited for investors who are looking for higher returns but are willing to take on more risk.
Overall, both MoneyOwl and Endowus are great options for investors who are looking for a low-cost and diversified approach to investing. However, if you are looking for a more aggressive approach to investing, then Endowus may be the better option for you.
MoneyOwl vs Endowus: Additional Services and Features
When choosing a robo-advisor, it’s important to consider the additional services and features they offer beyond just investment management. Both MoneyOwl and Endowus provide value-added services that can help you achieve your financial goals.
Value-Added Services by MoneyOwl
MoneyOwl is known for its comprehensive financial planning services. They offer a human advisor who can help you create a financial plan tailored to your needs and goals. This includes retirement planning, will writing, and cash management accounts.
One of the standout services offered by MoneyOwl is their WiseIncome portfolio. This portfolio is designed to generate a regular stream of income for investors who are retired or approaching retirement. It’s a great option for those who want to supplement their CPF payouts.
Endowus’ Exclusive Offerings
Endowus also provides a range of value-added services to its clients. They offer a human advisor who can help you with your investment objectives and investment goals. Their platform also includes a cash management account, which can help you earn higher interest rates on your cash holdings.
One of Endowus’ exclusive offerings is their ESG-focused portfolios. These portfolios invest in companies that have strong environmental, social, and governance practices. If you’re passionate about sustainable investing, Endowus is a great option.
In summary, both MoneyOwl and Endowus offer a range of value-added services that can help you achieve your personal finance goals. MoneyOwl’s comprehensive financial planning services and WiseIncome portfolio make it a great option for those who want a human touch to their investments. Endowus’ ESG-focused portfolios and cash management account make it a great choice for those interested in sustainable investing.
MoneyOwl vs Endowus: Client Experience and Support
When it comes to client experience and support, both MoneyOwl and Endowus have a lot to offer. Both robo-advisors have user-friendly platforms that are easy to navigate. They also have a range of educational resources to help you understand investing and make informed decisions.
MoneyOwl offers a human advisor service, which means you can speak to a financial advisor if you have any questions or concerns. This service is particularly useful if you are new to investing or if you need help with more complex investment decisions. MoneyOwl also offers CPF investment services, which is great if you want to invest your CPF funds.
Endowus, on the other hand, offers a range of investment portfolios that are tailored to your risk profile and investment goals. They also offer CPF and SRS investment services, which is great if you want to invest your retirement funds. Endowus has a team of experienced investment professionals who manage your portfolio, so you can be sure that your investments are in good hands.
Both robo-advisors have responsive customer support teams that are available to assist you with any issues or questions you may have. They also have comprehensive FAQs and help centres to help you find answers to common questions.
Overall, both MoneyOwl and Endowus offer excellent client experience and support. Whether you prefer a human advisor or a technology-driven approach, both robo-advisors have something to offer.
MoneyOwl vs Endowus: Making the Right Choice for Your Investment Needs
When it comes to choosing between MoneyOwl and Endowus, it’s important to consider your investment goals and align them with the services offered by each robo-advisor. Here are some factors to consider when making your decision:
Aligning with Your Financial Goals
Your financial goals should be the primary consideration when choosing between MoneyOwl and Endowus. Both robo-advisors have different approaches to investing, so it’s important to choose the one that aligns with your financial goals. MoneyOwl’s investment strategies are more straightforward and geared towards beginner investors, while Endowus offers a wider range of investment strategies that cater to more sophisticated investors.
Understanding Your Investment Horizon
Your investment horizon is the length of time you plan to invest your money. It’s important to choose a robo-advisor that offers investment strategies that align with your investment horizon. If you’re investing for a short-term goal, such as buying a car or paying for education, MoneyOwl’s simpler investment strategies may be more suitable. However, if you’re investing for retirement planning, Endowus’ more sophisticated investment strategies may be a better fit.
Ultimately, the decision between MoneyOwl and Endowus comes down to your personal finance goals and investment needs. Take the time to consider your financial goals and investment horizon, and choose the robo-advisor that aligns with your needs.
Comparative Analysis of MoneyOwl vs Endowus
If you’re a retail investor looking to invest your CPF and SRS funds, you might have come across MoneyOwl and Endowus, two of the most popular robo advisors in Singapore. Both platforms offer investment portfolios that cater to different risk profiles. But which one is better for you? Let’s take a closer look at a head-to-head comparison of MoneyOwl and Endowus.
Head-to-Head Comparison
| Criteria | MoneyOwl | Endowus |
|---|---|---|
| Minimum Investment | $50 | $10,000 |
| Fees | 0.5% p.a. | 0.4% p.a. (up to $200,000), 0.25% p.a. (above $200,000) |
| Investment Strategy | Simple | Sophisticated |
| Fund Selection | Dimensional Funds | Mutual Funds from different managers |
| Risk Profile | Conservative to Balanced | Very Aggressive to Very Conservative |
MoneyOwl’s investment strategy is simple, and its portfolios use Dimensional Funds, which are known for their low-cost and evidence-based investment approach. On the other hand, Endowus offers six investment strategies of very aggressive, aggressive, balanced, measured, conservative, and very conservative approaches that are fit for sophisticated investors. Endowus also uses mutual funds from different managers, which means you get access to a wider range of funds.
When it comes to fees, Endowus is slightly cheaper than MoneyOwl, especially if you’re investing more than $200,000. MoneyOwl charges a flat fee of 0.5% p.a. regardless of the amount invested, while Endowus charges 0.4% p.a. for the first $200,000 and 0.25% p.a. for amounts above $200,000.
Which Robo Advisor Fits Your Profile?
Your risk profile is an important factor to consider when choosing between MoneyOwl and Endowus. If you’re a conservative or balanced investor, MoneyOwl might be a better fit for you. Its portfolios are designed to provide stable returns over the long term, and its simple investment strategy makes it easy for beginners to make investment decisions.
On the other hand, if you’re a sophisticated investor looking for more aggressive investment strategies, Endowus might be a better fit for you. Its investment strategies are more complex, but they offer higher potential returns.
In terms of minimum investment, MoneyOwl requires a minimum investment of $50, while Endowus requires a minimum investment of $10,000. If you’re just starting out with investing, MoneyOwl might be a better option as you can start with a smaller amount.
In conclusion, both MoneyOwl and Endowus are great options for retail investors looking to invest their CPF and SRS funds. The choice between the two ultimately comes down to your risk profile and investment goals. If you’re a conservative or balanced investor, MoneyOwl might be a better fit for you. On the other hand, if you’re a sophisticated investor looking for more aggressive investment strategies, Endowus might be a better fit for you.
Frequently Asked Questions
How does MoneyOwl’s approach to investing compare with Endowus?
MoneyOwl and Endowus both offer robo-advisory services, but their investment approaches differ. MoneyOwl uses Dimensional Fund Advisors (DFA) funds, which are passively managed and aim to capture market returns. On the other hand, Endowus uses actively managed funds from well-known fund managers to generate higher returns.
Can you share insights on the performance metrics for Endowus and MoneyOwl?
Endowus and MoneyOwl have both delivered strong performance over the years. According to DollarsAndSense, Endowus has consistently outperformed the STI ETF, while MoneyOwl has delivered returns that are on par with the STI ETF.
What unique investment strategies do MoneyOwl and Endowus offer?
MoneyOwl and Endowus both offer unique investment strategies that cater to different investor profiles. For example, MoneyOwl offers a Syariah-compliant portfolio for Muslim investors, while Endowus offers a CPF portfolio that is optimized for CPF members.
What are the key differences in fees between MoneyOwl and Endowus?
MoneyOwl and Endowus have different fee structures. MoneyOwl charges a flat advisory fee of 0.65% per annum, while Endowus charges a tiered fee structure ranging from 0.4% to 0.6% per annum, depending on the amount invested.
How do MoneyOwl and Endowus cater to different investor profiles?
MoneyOwl and Endowus both cater to different investor profiles. MoneyOwl is more suitable for investors who prefer a passive investment approach and are comfortable with a lower risk profile. On the other hand, Endowus is more suitable for investors who are willing to take on higher risk in exchange for potentially higher returns.
What has been the recent buzz about MoneyOwl’s investment offerings?
MoneyOwl has recently launched a new product called the “MoneyOwl WiseIncome Portfolio”, which is designed to provide investors with a regular stream of income. The portfolio is made up of a mix of equities, bonds and alternative assets, and is rebalanced regularly to maintain the target asset allocation.
