Whether you want extra income for a rainy day, your child’s college fund or for your retirement, Endowus has an income portfolio to suit your needs
Investment is a critical way for parents to plan ahead for future expenses. That includes funds needed for retirement or their child’s college fund. But investing can be daunting if you’ve never tried it before. Now, Endowus is making it easy for anyone who wants to build up an investment portfolio. “We want our customers to be able to easily build a low-cost and well-diversified income portfolio, as they prepare for their family’s future and plan for both short and long-term expenses,” says So Sin Ting, Chief Client Officer of Endowus. Here are three reasons why Endowus is a top choice for families looking to build an investment portfolio.
1. Low-cost income solutions
The Endowus Income Portfolios are designed to help busy parents stay invested, keep up with rising costs, and plan for their children’s future in a fuss-free way. They have three types of offerings that cater to different life stages:
- Higher Income: If your monthly living expenses are on the higher end of the spending bracket, this portfolio allows you to maximise your payouts to cover bigger bills such as your mortgage, healthcare and childcare payments.
- Future Income: Thinking of balancing out your income for long-term growth? This portfolio lets you earn some payouts while growing your capital.
- Stable Income: This portfolio lets you preserve your initial capital while enjoying monthly payouts – perfect if you’re on the path to retirement.
2. Convenience all the way
Worried about the costs? You won’t have to with Endowus, as their advised solutions have a competitive net total expense ratio as compared with other banks or financial institutions. This is simply because Endowus has access to institutional share classes that are not normally offered at banks, retail or fund platforms. However, in the case they are unable to access these share classes, you’ll get a trailer fee rebate. Trailer fees are paid by fund managers to distributors and are paid continuously as long as an investor holds the funds. This fee usually ranges between 0.5% and 1% per annum, or greater than 50% of fees paid at the fund level. Endowus returns that fee back to its customers as it wants to stay conflict-free when selling these solutions.
Managing your income portfolio is also easy – you can set up a standing instruction so your portfolio is automatically topped up each month. That takes a huge burden off your shoulders, especially if you’re a time-pressed mama, so you’ll keep saving and growing your portfolio in a completely fuss-free way.
3. Specialist services to suit your needs
If you’re unsure about how to kickstart your investment journey, fret not because you’re not alone in the process. The digital wealth advisor reviews your risk portfolio and recommends the most appropriate products based on your risk appetite and income needs. Still need more guidance on your financial needs? Schedule a call with their friendly MAS-licensed representative to get more guidance on your financial needs.
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