All-In Endowus Fee
and transaction fee
institutional share class funds
Flagship
Discretionary Portfolio Management
0.25% to 0.60%
Cash Management
0.10%
Fund Smart
General Strategies
Multi-Assets & Others
0.25% to 0.60%
Cash Management
0.10%
Alternatives
Alternatives
0.40% to 0.60%
BASED ON ASSETS UNDER ADVICE (AUA), INCLUSIVE OF GST.
EXCLUDES NET FUND-LEVEL FEES FROM 0.10%
VIEW FAQS on FEES
Includes
- Account creation
- Holistic advice
- Portfolio creation
- Intelligent rebalancing
- Brokerage
Our promise
- 100% trailer fee rebates
- No sales charges
- No distribution commissions
- No transaction fees
- No hidden charges
One simple all-in Access Fee
BASED ON ASSETS UNDER ADVICE (AUA), INCLUSIVE OF GST.
EXCLUDES NET FUND-LEVEL FEES FROM 0.10%
VIEW FAQS on FEES
Includes
- Account creation
- Holistic advice
- Portfolio creation
- Intelligent rebalancing
- Brokerage
Our promise
- 100% trailer fee rebates
- No sales charges
- No distribution commissions
- No transaction fees
- No hidden charges
Fees are important to your returns - keep them low.
When you look at the math, a difference of just 1% in fees is equivalent to over 240% of lost returns after 30 years.
Endowus fees are a third of the industry average, so you keep much, much more of your returns.
The effect of fees, illustrated
Move the sliders to see the effect of costs on returns, and how your wealth can grow over time
An evil worth fighting: trailer fees
The industry is incentivised to work against us
Many financial advisers, brokers, private banks, and platforms are paid by product providers, such as asset managers, to sell you their products. For example, if you pay 2% in management fee for a fund, it is likely that over 50% of that fee is being given to the person or firm that sold you the product to begin with, in the form of a trailer fee. This is on top of a sales charge that they are entitled to. As a salesperson, you would be incentivised to sell products that have higher trailer fees and can command higher sales charges.
We think this is wrong
It creates misaligned incentives to sell higher cost products, and churn your positions in order to collect sales charges. Our preference is to never collect a trailer fee.
So we fixed the issue, rebating what we do not deserve
In the case that there is a trailer fee from an asset manager, we will give it all back to you as 100% Cashback. This means you keep more of the returns you deserve, and we remain independent to recommend the products that best suit you.
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FAQ
The Endowus Fee is charged on a quarterly basis. For every calendar quarter (e.g. Jan - March), we will calculate the daily average investment value of your investments and charge a percentage as fees (depending on your goal type).
Note that you will only be charged fees for the days in the quarter that you are invested. If you fully redeem a portfolio before the end of a calendar quarter, we will only charge the Endowus Fee on a pro-rata basis of your daily average investment value. This Endowus Fee will be charged immediately at point of full redemption instead of at the end of the quarter.
If you have an available cash balance in the respective currency of the fee charge in your Endowus account, we will use it to pay for the Endowus Fee.
For the remaining payable Endowus fee, we will charge it by redeeming from your investment holdings, so that it can be paid seamlessly.
Fund fees, or the Total Expense Ratio (TER)
This is charged by the fund manager (i.e. Fidelity, Invesco etc.) for their ongoing costs of managing and operating the funds you purchase. This fee is embedded into the fund’s daily Net Asset Value (NAV) or price.
For example, if a Fund’s NAV (price) is $10, this has already taken into account the fund fees. Performance figures of the Funds are already net of the fund fees.
The fund fees or TER may include investment management fees, trustee fees, audit fee and trailer fees, which are commissions paid by fund managers to distributors.
We refer to the fund fee that is all-inclusive of the total fees charged by the fund manager, rather than only the Management Fee which is only a part of the TER, and often quoted by other platforms.
100% Cashback on trailer fees with Endowus
If there are trailer fees paid by the fund managers to Endowus, we will rebate 100% of the trailer fees to you as and when we receive it. Generally, we distribute the Cashback to your Endowus cash balance on a quarterly basis. Thus, you can generally expect to receive the Q1 Cashback in Q2.
At Endowus we strive to bring this fee down as low as possible by working with fund managers by accessing their lower fee share-classes (institutional share-class) and introducing an industry-first practice of rebating 100% Cashback on trailer fees to lower the net fees for our clients.
