Gregory Van, CEO of Endowus, highlighted the broken wealth experience within the banking and financial industry where investors are charged high commission fees due to a conflict of interest between the distributors and clients. Endowus established the fee-only model by rebating all trailer commissions back to the client to tackle the issue and offer greater accessibility to best-in-class products as well as advisory services, to serve the best interests of clients.

Endowus, Asia’s leading wealth management firm has unveiled a partnership with global private equity giant EQT. The partnership will allow Endowus' clients in Hong Kong and Singapore access to EQT funds, broadening their access to private markets at lower minimums and with shorter lock-up periods. Samuel Rhee, co-founder and CIO of Endowus shared that the partnership allows investors to further diversify their portfolios and reduce overall risk in volatile market periods.

Digital wealth management firm Endowus has partnered with EQT to allow Endowus Private Wealth clients in Hong Kong and Singapore to access high-performing EQT funds via investment solutions offered on its platform. Samuel Rhee, co-founder and CIO expressed Endowus’ excitement in this partnership to give investors greater and well-managed access to alternative solutions.

As interest rates remain high in the US and the federal fund rate reaches a 22-year high, investors may be swayed to act on their emotions. Steffanie Yuen, Head of Hong Kong at Endowus advised investors to not be hasty and highlighted the importance of creating a personal finance checklist periodically, especially when the market is volatile. Keeping a list of annual financing considerations - expenses, debt, savings, insurance, and investment portfolio - helps to track their financial progress, and plan a suitable investment strategy for 2024.

Endowus was named one of top 10 Singapore Startups by LinkedIn in 2023. The list features the 10 best startups based on data analyses in four core areas: employee growth, jobseeker interest, member engagement within the company and its employees, and the startups' ability to attract talent from LinkedIn's Top Companies list. The companies were selected from over 950 million LinkedIn members, including three million from Singapore.

Steffanie Yuen, Head of Hong Kong, discussed the pros and cons of clearing housing mortgages in a high interest rate environment. Those who pay off their mortgages early do so to reap the benefits of shortening the repayment period while reducing the total repayment amount. However, this results in lower asset liquidity which compromises emergency funds while increasing opportunity costs of investing in other products. Investors can thus opt for shorter-term, cash management products such as money market funds.

Endowus, Asia’s leading fee-only wealth platform offers Hong Kong clients a fair and conflict-free hybrid wealth experience by pioneering a non-commissioned-based model that does not charge any trailer fees or sales commissions. Endowus currently manages assets worth over US$5 billion (HK$39 billion), providing institutional-share class investment opportunities for its clients at a low, fair fee. Endowus’ Fund Smart platform, offers clients access to over 200 best-in-class funds across asset classes including cash & money market, fixed income, equity, multi-asset, and commodities.

As inflation continues to erode consumers purchasing power, Steffanie Yuen, Endowus’ Head of Hong Kong, highlights the importance of building a passive income to combat inflationary pressures. Investing in assets of lower volatility and risk, helps one maintain fiscal stability, improve work-life balance, and achieve long-term financial goals. Recommended products include dividend-paying stocks and funds, bonds, money market funds, and REITs.

As immigration has become increasingly popular among Hong Kong residents, Steffanie Yuen, Head of Hong Kong at Endowus shared four financial tips for those looking to immigrate. Start with setting a budget and divide relevant costs into two buckets - migration expenses and living expenses. Most importantly, one should familiarise themselves with foreign tax policies as the budget should take into account all taxation requirements.

Samuel Rhee, co-founder and CIO of Endowus explained the firm’s mission to disrupt the private banking industry, and solve the misalignment of interests between fund managers, banks, and private wealth clients. Beyond fixing the broken wealth experience in Asia, Endowus will tap into its technological solutions to improve the wealth management experience and scale its business.

Singapore-based Endowus has raised a total of US$95 million in funding to date, from partners including Citi Ventures, MUFG and four Asian billionaire families. Reporting 80% revenue growth in 2022, the wealthtech firm now looks to enhance its offerings in Hong Kong. The initial market launch included a fee-only wealth platform, a self-serve fund platform with 200+ funds, and private wealth management. Endowus' dedicated tech stack for Hong Kong has yielded positive initial responses, solidifying its standing in the competitive wealth management sector.

Singapore's Endowus secures $35M in funding with new and existing investors. The wealth management platform stands out by serving private wealth and public pension, offering a fully automated process for investors. Endowus further differentiates by providing top-performing funds managed by professionals, rebating all trailer commission fees through cashbacks. It has over $5 billion in assets under management, and US$40 million created in savings for clients. Co-founder Samuel Rhee emphasises the outsized opportunity for wealthtech players in the APAC region, which accounts for a significant portion of global wealth.