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

Updated
7
Sep 2023
published
31
Aug 2023
MoneyOwl closure - transferring unit trust investments to Endowus

If you’re looking to lower the overall cost of your investment portfolio and consolidate your holdings on one platform, you may want to consider transferring your MoneyOwl unit trust investments to Endowus.

There are zero costs for the transfer, and you can access our suite of holistic Cash, CPF & SRS investment solutions from fund managers such as Dimensional, Fullerton and more.

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:

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

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