Endowus Robo Advisor Review: Why Should You Sign Up?

Endowus Robo Advisor Review: Why Should You Sign Up?

Endowus's competitive fees and independent status make it one of Singapore's top robo advisors.

Good for

  • Individuals seeking to invest CPF, SRS and Cash
  • Individuals seeking an independently owned and operated robo advisor

Bad for

  • Individuals seeking the cheapest possible robo advisor
  • Individuals planning to invest less than S$10,000

Editor's Rating

4.5/5.0

Due to its low management fees and functionality with CPF and SRS funds, Endowus is a great option for individual investors in Singapore. Not only that, this robo advisor takes pride in its status as an independently owned and operated financial advisor and does not charge its users any trailer fees or any sales commissions.

Summary of Endowus's Robo Advisor Platform
Allows Investment of CPF & SRS Funds, Cash
Optimal incentives with no trailer fees from fund managers
Competitive management fees: 0.25% - 0.60% (Cash) & 0.4% (CPF & SRS)
No fees charged for transfers, withdrawals, account openings or closures
ValueChampion Exclusive Promotion: S$20 off Endowus access fees

Table of Contents

What Makes Endowus Stand Out to Investors

Consider this if you want to invest your cash, CPF, or SRS funds with a robo advisor

Minimum Investment S$10,000
MAS Licence Financial Advisor License

Endowus is one of Singapore's top robo advisors for a number of reasons. First, the platform charges competitive fees (0.25% - 0.60% cash portfolios, 0.4% CPF/SRS portfolios), which makes it the cheapest robo advisor of those that invest in unit trusts (rather than ETFs). It is also the only robo advisor that allows users to invest their cash and CPF or SRS funds. Additionally, Endowus does not charge users fees for opening or closing accounts, fund transfers or withdrawals. Finally, the independently owned and operated platform does not charge its investors for trailer fees. A trailer fee is typically charged by fund managers to parties (e.g. brokers, financial advisors) that sell the fund to investors. Because Endowus does not charge its users for trailer fees or any sales commissions, it avoids any potential conflict of interests (i.e. it is not incentivised to push certain funds) and maintains its reputation as an independent financial advisor.

Summary of Endowus' Management Fees Cash Portfolio

Total InvestmentAnnual Fee Rate
Up to S$200,0000.60%
S$200,001 to S$1,000,0000.50%
S$1,000,001 to S$5,000,0000.35%
S$5,000,001+0.25%
CPF & SRS portfolios have flat 0.4% fee

The only downside to Endowus is that it requires a minimum investment of at least S$10,000. That being said, it is still a great option for those that are hoping to make a significant investment using a robo advisor, while minimising their total costs.

Investment Opportunities at Endowus

Endowus builds custom portfolios based on risk preferences, investment goals and preferred time horizons. The robo advisor prides itself on its globally diversification and thorough analysis of historic performance. Another notable difference between Endowus and its competitors is its focus on unit trust-based portfolios. Unlike ETFs, unit trusts are generally professionally managed and aim to outperform market indices that ETFs often track. Endowus is also the only robo advisor that allows investing in a locally wrapped Vanguard UCITS unit trust for CPF funds. For a full description of unit trust funds, please refer to our comprehensive guide.

Endowus's Investor Eligibility Requirements

Consider this if you want to invest your cash, CPF, or SRS funds with a robo advisor

Minimum Investment S$10,000
MAS Licence Financial Advisor License

In order to be eligible for Endowus's platform, individuals must sign up online. Both retail and accredited investors are welcome, and fees do not vary between the two groups. The sign-up process takes about 10 minutes and includes a short survey. Once you've completed your registration, it will take 3-5 business days to open your account.

William Hofmann

William is a Product Manager at ValueChampion Singapore, focusing on banking and SMEs. He previously was an Economic Consultant at Industrial Economics Inc.

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