EndowUs Roboadvisor: investing using CPF

[YouHeypiCanLiao]

Can use the new Funds Smart feature to invest 100% of OA CPF into the Lionglobal funds: Global and S&P 500 right?

Is Endowus the only company who can let us use OA CPF in such a manner?

actually if you put 100% aggressive , the selection outcome I feel is pretty good liao.. no need go and customize IMHO.

 

[Han Shot First]

How come DD or FSM they don't allow Infinity S&P 500 for OA but only for SRS ah?

Because of the trailer fee rebate from Lion Global Investors, Endowus charges (despite its Access Fee) less than some threshold imposed by CPFB to qualify for use of CPF-OA money for Infinity S&P 500. DD and FSM keep the trailer fee.

also how come SRS and OA got different access to funds

CPF requires that financial adviser cannot charge more than 0.40% for wrap fee (which is standard industry terminology for Endowus Access Fee) from 1 Oct 2020. So Endowus charges the maximum allowed. I think Endowus does not like to use the term wrap fee because it has bad/negative connotation. If CPFB cap the wrap fee at 0.60%, then Endowus Access Fee for CPF would be 0.60%. The objective is to make as much money from the customers/clients.

What is Wrap fee?
https://www.cpf.gov.sg/members/FAQ/...stment Schemes&folderid=11830&ajfaqid=2186914

For cash and SRS money, it seems there are no Singapore government organization or entity that regulates the maximum wrap fee. So I think Endowus charges as much as it dares or thinks will not scare away too many customers. Again, the objective is to make as much money from the customers/clients.

 

[s0crates]

Lol now that there is Endowus Fund Smart I think quite a few sp500 fanatics will just use endowus for S&P 500 hahahaha. What a waste for the advised portfolio and rebalancing services.

 

[s0crates]

CPF requires that financial adviser cannot charge more than 0.40% for wrap fee (which is standard industry terminology for Endowus Access Fee) from 1 Oct 2020. So Endowus charges the maximum allowed. I think Endowus does not like to use the term wrap fee because it has bad/negative connotation. If CPFB cap the wrap fee at 0.60%, then Endowus Access Fee for CPF would be 0.60%. The objective is to make as much money from the customers/clients.

For cash and SRS money, it seems there are no Singapore government organization or entity that regulates the maximum wrap fee. So I think Endowus charges as much as it dares or thinks will not scare away too many customers. Again, the objective is to make as much money from the customers/clients.

Lol what's with the negativity, going by your logic Endowus would have charged 0.6%, or even 0.8% matching stashaway for SRS since there is no competition right?

For a $10,000 investment on SRS, they are the cheapest roboadvisor out there, I don't think you can say they are out to fleece customers.

 

[hwmook]

Lol now that there is Endowus Fund Smart I think quite a few sp500 fanatics will just use endowus for S&P 500 hahahaha. What a waste for the advised portfolio and rebalancing services.

Its better than that. You can come out with your own portfolio comprising of selected funds and let them balance according to the ratio you fix. Its good for me.

 

[YouHeypiCanLiao]

Its better than that. You can come out with your own portfolio comprising of selected funds and let them balance according to the ratio you fix. Its good for me.

my lumpsom just started and they just annouce.. how to allocate myself ah

 

[s0crates]

Stick to the advised portfolio la. I don't care much abt fund smart to be honest. If there is anything really good they probably would have done a portfolio change recommendation

But some friends may want to tweak their portfolios more, so fund smart works best for them .

my lumpsom just started and they just annouce.. how to allocate myself ah

 

[YouHeypiCanLiao]

Stick to the advised portfolio la. I don't care much abt fund smart to be honest. If there is anything really good they probably would have done a portfolio change recommendation

But some friends may want to tweak their portfolios more, so fund smart works best for them .

fund smart applicable for CPF?
So far I put 100% aggresive, let them auto

 

[s0crates]

Cpf, SRS and cash actually. Actually their platform is by far the most advanced and convenient out of the Robos, now that the mobile app is up.

fund smart applicable for CPF?
So far I put 100% aggresive, let them auto

 

[RedsYWNA]

Lol now that there is Endowus Fund Smart I think quite a few sp500 fanatics will just use endowus for S&P 500 hahahaha. What a waste for the advised portfolio and rebalancing services.

Yes indeed, I am 1 of them looking to use CPF OA for S&P 500 under Fund Smart.....hahaha.... need to sell my SG stocks that I bought under CPF OA first, and then switch to S&P 500 under Fund Smart.....

 

[WoShiPro]

How fast does endowus/uob process incoming transfer? Made a transfer yesterday and till now still not reflected.

 

[McFadden]

can use cash to go endowus instead of cpf?

 

[decibel.]

Cpf, SRS and cash actually. Actually their platform is by far the most advanced and convenient out of the Robos, now that the mobile app is up.

There's mobile app? Where?

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[FinalDestiny...]

can use cash to go endowus instead of cpf?

Yup, you can. They allow cash/CPF/SRS as the source of funds.

There's mobile app? Where?

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I have been using the app for around 2 weeks. Just search Endowus in the Android or iOS App Store.


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[CaptainWu]

How fast does endowus/uob process incoming transfer? Made a transfer yesterday and till now still not reflected.

normally more than a day with my experience.

 

[JetStorm]

I usually trf on a monday. By thursday will reflect everything.

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[JetStorm]

Yes indeed, I am 1 of them looking to use CPF OA for S&P 500 under Fund Smart.....hahaha.... need to sell my SG stocks that I bought under CPF OA first, and then switch to S&P 500 under Fund Smart.....

theres only 1 snp500 for fundsmart right? the lion global one?

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[Barbarblacksheep]

My account with endowus has been "processing" for quite a while (think 1week?) How long did it take for you all?

 

[decibel.]

Yup, you can. They allow cash/CPF/SRS as the source of funds.



I have been using the app for around 2 weeks. Just search Endowus in the Android or iOS App Store.


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How u know is official app? Can't find any information from their website

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[FinalDestiny...]

How u know is official app? Can't find any information from their website

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They didn’t make the official announcement yet as they wanted to iron out all the bugs first. I think I got to know of it from some webinar or someone mentioning it here.
So far, the experience has been great

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