Endowus vs Trust Bank TrustInvest 2026: Managed Robo-Advisor or Self-Directed Stock Trading?

Endowus is a managed robo-advisor charging 0.15%–0.60% a year for advice, auto-rebalancing and CPF/SRS-eligible portfolios, while Trust Bank TrustInvest is a self-directed brokerage built into the Trust Bank app, offering commission-free (until 31 Dec 2026, then 0.05% per trade) US and UK-listed stock and ETF trading with no CPF or SRS access. Pick Endowus for hands-off CPF/SRS-eligible investing; pick TrustInvest for DIY stock and ETF trading with cash only.

Not financial advice. All figures are for educational reference only. Data verified as at November 2026 unless noted.

What Endowus and Trust Bank TrustInvest Actually Are

Endowus and Trust Bank TrustInvest both show up in “where should I put my money” searches, but they solve completely different problems. Endowus (CMS Licence CMS101051) is a digital advisory platform — it builds and auto-rebalances diversified portfolios of institutional-class funds on your behalf, and it is one of only a handful of platforms approved under the CPF Investment Scheme (CPFIS) to accept CPF Ordinary Account and Special Account money, alongside SRS and cash.

Trust Bank TrustInvest is a self-directed stock and ETF trading feature built directly into the Trust Bank digital banking app, in partnership with Saxo. It launched fractional trading of US stocks and ETFs from as little as US$10, and later added UK-listed UCITS ETFs. There is no advice, no auto-rebalancing, and — as with most digital-bank brokerage add-ons — no CPF or SRS funding of any kind. As of November 2026, Trust Bank has only explored, but not confirmed, SGX-listed stock trading, so the comparison below focuses on what TrustInvest actually offers today: US and UK markets.

A Singapore investor holding S$30,000 and wanting a fully automated CPF-OA portfolio has no TrustInvest equivalent to compare against — that money has to go through a CPFIS-approved platform like Endowus or FSMOne. Conversely, an investor who wants to buy a single US ETF with zero advice and minimal cost, straight from their existing banking app, has little reason to pay Endowus’s access fee for that slice of their portfolio.

Fee Structure Compared (2026)

Endowus charges an all-in access fee as a percentage of assets under advice (AUA). It covers advice, fund selection, automatic rebalancing and platform access — there is no separate commission or sales charge. TrustInvest charges per trade, with no AUM-based fee at all, and is running a commission waiver through the end of 2026.

Source: endowus.com/pricing and trustbank.sg Stocks Fee Schedule (last updated 22 May 2026), verified November 2026.

On a pure percentage basis, TrustInvest looks far cheaper — but that’s because it isn’t charging for advice or rebalancing at all, and the fee waiver is temporary. The comparison only makes sense once you decide whether you want a managed, CPFIS-eligible portfolio or are comfortable picking and rebalancing your own US/UK positions from inside your banking app.

Annual Cost Comparison, S$20,000 Portfolio

A Singapore investor with S$20,000 fully invested on Endowus at the 0.60% tier pays roughly S$120 a year, covering portfolio construction, rebalancing and ongoing advice. The same investor making 6 US trades a year on TrustInvest pays S$0 in commission while the current waiver lasts (through 31 December 2026); once the waiver ends, 6 trades at 0.05% (min US$2.99) works out to roughly US$18, or about S$24. The gap is the price of delegation, not a flaw in either platform.

CPF, SRS and What Each Platform Can Hold

This is the sharpest dividing line between the two platforms, and it’s where most Singapore investors should start when deciding which one to use. Endowus is CPFIS-approved and accepts CPF Ordinary Account, CPF Special Account and SRS funds directly, on top of cash. Trust Bank TrustInvest does not hold a CPFIS approval and does not accept CPF or SRS funding in any form — it is a cash-only brokerage feature inside a digital bank app.

Source: endowus.com/pricing and trustbank.sg newsroom / Stocks Fee Schedule, verified November 2026.

If you’re weighing where your CPF-OA should sit, our Endowus CPFIS and CPF-OA guide walks through the fee tiers and fund options in more detail.

Who Should Use Which

Choose Endowus if:

• You want your CPF-OA, CPF-SA or SRS invested and can’t do that on TrustInvest at all.
• You’d rather pay a flat percentage for professional portfolio construction and auto-rebalancing than build and maintain your own asset allocation.
• You want institutional-class fund access with 100% trailer-fee cashback, rather than picking individual stocks or ETFs yourself.

Choose Trust Bank TrustInvest if:

• You’re investing cash only and want to pick your own US or UK-listed stocks and ETFs from inside your existing banking app.
• You trade infrequently enough that a per-trade fee (currently waived) beats a percentage-of-AUM fee — a buy-and-hold investor making a handful of trades a year pays very little.
• You want direct ownership of individual securities rather than a basket of advised funds, and you like fractional trading from US$10.

Can You Use Both Together?

Yes, and many Singapore investors already do, because the two platforms don’t actually compete for the same dollar. A common split: route CPF-OA and SRS through Endowus (since TrustInvest structurally cannot accept them), keep a long-term diversified cash sleeve on Endowus for the advice and rebalancing, and use TrustInvest as a convenient, no-extra-app way to pick a few individual US or UK stocks or ETFs with cash you’re already banking with Trust. This mirrors the logic in our CPF investment strategy guide — use the CPFIS-approved platform for retirement money, and a self-directed broker for the cash you’re comfortable managing actively.

For passive income investors stacking both robo and DIY sleeves, see our breakdown of building passive income in Singapore, and our Singapore retirement calculator to see how CPF and cash contributions compound over time. If you’re comparing Trust Bank’s savings rates rather than its investing feature, see our MariBank vs Trust Bank savings comparison.

Frequently Asked Questions