How do I transfer my MoneyOwl unit trust investments to my Endowus account?

Steps to transfer your MoneyOwl investment portfolios

1. Set up an Endowus account via this link. We have a limited time offer for new clients — sign up by 30 Sept 2023 and your investments will be managed free for the next 6 months. 
2. After signing up, please email your latest MoneyOwl statement (dated within the last 3 months) to support@endowus.com. 
3. One of our client advisors will reach out to you within 1 business day to confirm the details of your request.  
4. Once you review and acknowledge the Endowus transfer-in form, we will initiate the transfer with UOB Kay Hian on your behalf. 
5. Lastly, instruct MoneyOwl directly (enquiries@ifastgm.com or +65 6439 8001) to initiate the transfer and you’re all set.

Read more:

• How to replicate or optimise your MoneyOwl portfolios through Endowus
• Dear MoneyOwl clients, Endowus is here for you.

FAQs on transferring MoneyOwl investments

1. Which MoneyOwl Portfolios can I transfer to Endowus?  

You can transfer your cash investments in Dimensional Portfolios and the WiseSaver Portfolio (Fullerton SGD Cash Fund) to Endowus. The five MoneyOwl Dimensional portfolios available for transfer are the Equity Portfolio, Growth Portfolio, Balanced Portfolio, Moderate Portfolio and Conservative Portfolio. We have the same underlying funds available at Endowus, with the same fund-level fees. 

‍2. Can I transfer my CPF and SRS investments?

At the moment, we are only able to support unit trust transfers for cash investments.  

We offer globally diversified, low-cost investment solutions for CPF and SRS investing, which includes exclusive access to the lowest cost index funds in Singapore and the full suite of funds managed by Dimensional. To find out more, click here for CPF and here for SRS. You can also reach out to our Client Advisors at support@endowus.com. 

3. How much are Endowus’ fees? 

The Endowus Fee for Dimensional funds is 0.30% p.a. and 0.05% p.a. for the Fullerton SGD Cash Fund (single fund per goal). Note that for the Fullerton SGD Cash Fund, we rebate 0.05% cashback to our clients, so the net all-in fee is the same as that of WiseSaver.  There are no upfront sales fees or transaction fees, and you receive 100% cashback on trailer fees. See more details on our fees for other investment solutions here. 

4. What is the minimum transfer amount? 

There is a minimum transfer amount of S$1,000 per fund for eligible funds. 

5. How long does the transfer process take? 

The transfer process may take up to ~4 weeks to complete. (You will stay invested in the markets during this period.)

Any questions or need a little help?

Reach out to us via:

• WhatsApp +65 3129 0038
• Email support@endowus.com
• ‍Call +65 3138 9167

Read more: Robo advisory firm MoneyOwl to wind up, in shock announcement

<divider><divider>

Investment involves risk. Past performance is not necessarily a guide to future performance or returns. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.

Any forward-looking statements, prediction, projection or forecast on the economy, stock market, bond market or economic trends of the markets contained in this material are subject to market influences and contingent upon matters outside the control of Endowus Singapore Pte. Ltd. (“Endowus”) and therefore may not be realised in the future. Further, any opinion or estimate is made on a general basis and subject to change without notice. In presenting the information above, none of Endowus, its affiliates, directors, employees, representatives or agents have given any consideration to, nor have made any investigation of the objective, financial situation or particular need of any user, reader, any specific person or group of persons. Therefore, no representation is made as to the completeness and adequacy of the information to make an informed decision. You should carefully consider (i) whether any investment views and products/ services are appropriate in view of your investment experience, objectives, financial resources and relevant circumstances. You may also wish to seek financial advice through a financial advisor or the Endowus platform and independent legal, accounting, regulatory or tax advice, as appropriate.

Investment into collective investment schemes: Please refer to respective funds’ prospectuses for details of the funds, their related fees, charges and risk factors. The listing of units of the fund on a stock exchange does not guarantee a liquid market for the units. Before making an investment decision, you are reminded to refer to the relevant prospectus for specific risk considerations.

For Cash Smart Secure, Cash Smart Enhanced, Cash Smart Ultra: It is not a bank deposit and not capital guaranteed, and is subject to investment risks, including the possible loss of the principal amount invested. Investment products are not insured products under the provisions of the Deposit Insurance and Policy Owners Protection Schemes Act 2011 of Singapore and are not eligible for deposit insurance coverage under the Deposit Insurance Scheme. Interest rates are indicative and subject to change at any time.

Product Risk Rating: Please note that any product risk rating (the “PRR”) provided by us is an internal rating assigned based on our product risk assessment model, and is for your reference only. The PRR is subject to change from time to time. The PRR does not take into account your individual circumstances, objectives or needs and should not be regarded as advice or recommendation to purchase, hold or sell any fund or make any other investment decisions. Accordingly, you should not solely rely on the PRR in making your investment decision in the relevant Fund.

This advertisement has not been reviewed by the Monetary Authority of Singapore.