Get up to 1.6% p.a. on Cash Smart, plus a $100 bonus

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One simple all-in Access Fee

0.40%flat fee for any amount
Tiered. Not stacked
0.60%Up to S$200,000
0.50%S$200,001 to S$1,000,000
0.35%S$1,000,001 to S$5,000,000
0.25%S$5,000,001 and above
0.05%flat fee for any amount


  • 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 1/3 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 managers, we will rebate 100% to you, as and when we receive it. This means you keep more of the returns you deserve, and we remain independent to recommend the products that best suit you.

Want to
know more?

How are the fees calculated?

The fees you pay consist of one simple all-in Access Fee payable to Endowus, and the fund-level fees payable to the fund manager of the underlying funds. We charge our Access Fee on a quarterly basis based on your daily average total assets under advice for that quarter. If you have any cash in your account, we will use your cash balance to pay for the fees. Otherwise, we will redeem part of your investment portfolio, equivalent to your fees due for the quarter, so that you pay for your Access Fee seamlessly.

What are trailer fees?

Trailer fees are paid by fund managers to distributors (i.e. your broker/financial advisor). The distribution commission is paid continuously as long as an investor holds the funds and usually ranges between 0.5% - 1% per annum, or greater than 50% of the fund-level fees. This potentially leads to misalignment in incentives between an investor and distributor, and higher fund-level fees.

Endowus does not accept trailer fees as we want to stay independent and completely focused on building the best portfolios for you rather than selling you products that pay us the highest fees.

How do the trailer fee rebates work?

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. For cash investments, we will transfer the trailer fee directly to your UOB Kay Hian trust account. For CPF or SRS investments, we will transfer the trailer fee directly to your CPF Investment Account or SRS account with your Agent Bank.

What are fund-level fees? What is an expense ratio?

A fund-level fee is charged by our fund manager partners and refers to the ongoing costs of operating a fund, expressed as a percentage of the fund's Net Asset Value (NAV). The costs may include investment management fees, trustee fees, and audit fees. We refer to the total expense ratio that is the all-inclusive total fees charged, rather than the management fee which is only a part of the total expense ratio. The fund-level fee is charged to the NAV of the underlying fund by the fund manager.

At Endowus we strive to bring this fee down as low as possible by working with fund managers. We have introduced an industry-first practice of rebating all trailer fees to lower the net fees for our clients. The fund-level fees of our CPF portfolios range from 0.47% to 0.64% per annum, versus the CPF-IS average of 1.60%. Our cash and SRS portfolios range from 0.40% to 0.50% per annum, versus the Singapore industry average of approximately 1.75% (Read more about Singapore’s high expense ratios in The Business Times)

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