SINGAPORE, 29 October 2019 – Endowus, the first end-to-end digital advisor for investment with CPF savings, has unveiled its proprietary online investment platform and its first CPFIS investment offerings. The announcement follows the inclusion of Endowus partner broker, UOB Kay Hian, as a CPF Investment Scheme (CPFIS) Investment Administrator, the first to be newly included in the last 14 years.
“For the first time ever, CPF members will be able to gain access to better advice at a much lower cost. Endowus has created globally diversified efficient portfolios suitable for growing your CPF savings over the long-run. We have worked with fund management partners to gain access to better funds at the lowest cost possible for CPF members. Retirement is the biggest generational challenge of our time and we must all do better with what we have. Through Endowus advised portfolios, we firmly believe that all CPF members will enjoy a higher probability of success in achieving their retirement goals.”
Mr Samuel Rhee, Chief Investment Officer (CIO) of Endowus
“We are excited to be working with Endowus as a partner because we believe that UOB Kay Hian needs to be at the forefront of financial and technological innovation in order to continue to grow and evolve our business. We are also pleased to be newly included as a CPFIS Investment Administrator, in partnership with Endowus. We believe that together with the Endowus solution we have the potential to make a significant impact on Singaporeans’ lives via the CPF system.”
Mr Wee Ee Chao, Chairman of UOB Kay Hian Private Limited
Endowus is a Singapore-based investment advisory platform that enables people to efficiently invest their CPF, SRS, and cash savings at the lowest cost achievable. Its focus is on providing globally diversified, institutional-quality, low-cost portfolios for all investor types. The seamless end-to-end digital service advances the overall experience of investing and provides personalised advice, access, construction, execution, and managing of core investment portfolios. Endowus is licensed by the Monetary Authority of Singapore.