KUALA LUMPUR, Oct 29 -- Endowus, the first end-to-end digital adviser for investment with CPF savings has unveiled its proprietary online investment platform and first CPFIS investment offerings.
The announcement follows the inclusion of Endowus partner broker, UOB Kay Hian, as a CPF Investment Scheme (CPFIS) Investment Administrator, the first to be newly included in the last 14 years.
The Endowus platform has unique elements as everything can be done online via mobile or desktop. Endowus bridges both public and private savings on a centralised investment and advisory platform.
Clients can receive advice and invest holistically and seamlessly on the platform across all three sources of funds, increasing investment efficiency and maximising the probability of success in reaching their investment and retirement goals.
The company will also rebate 100 per cent of trailer fees (or commissions) to client CPF Investment Accounts, reducing net fees paid by CPF members to a fraction of current norms.
Endowus’ CPFIS advised portfolios allows geographic, asset class and manager diversification in efficient, low cost, core portfolios focused on strategic asset allocation as it has partnered with the largest local and major global fund management companies.
Endowus will continue to improve its portfolios to enhance the outcome for all CPF members with effort including its success in bringing the first passive, low-cost S&P 500 US Equity unit trust fund onto the list of CPFIS-included funds with Vanguard & Lion Global.
Endowus is a Singapore-based investment advisory platform that enables people to efficiently invest their CPF, SRS and cash savings at the lowest cost achievable. More information at https://endowus.com.
-- BERNAMA
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