Endowus Singapore: Complete Guide 2026 (CPF, SRS & Cash Investing)

Last updated: June 2026 · 12 min read · Category: Investing

Endowus is Singapore’s only MAS-licensed digital wealth platform that lets you invest your CPF Ordinary Account (OA), CPF Special Account (SA), Supplementary Retirement Scheme (SRS), and cash all in one place. Founded in 2017 and regulated under CMS Licence 101051, it gives retail investors access to 400+ institutional-quality funds at an all-in access fee of 0.15%–0.60% p.a. — with 100% trailer fee cashback, zero sales charges, and automatic rebalancing. If you have CPF OA money to invest, Endowus is the only robo advisor in Singapore that can manage it for you.

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

Table of Contents

1. What is Endowus Singapore?
2. How Endowus Works
3. Endowus Fees Explained (2026)
4. Investing Your CPF with Endowus
5. Investing Your SRS with Endowus
6. Cash Investing with Endowus
7. Endowus Portfolios: Flagship, Income, ESG & Fund Smart
8. Endowus vs Syfe vs StashAway
9. Pros and Cons of Endowus
10. How to Sign Up for Endowus
11. Frequently Asked Questions

What is Endowus Singapore?

Endowus was founded in 2017 by Samuel Rhee (formerly of Morgan Stanley) and Gregory Van (formerly of UBS) with a single mission: to make conflict-free, low-cost, evidence-based investing accessible to every Singaporean — not just the wealthy. It is the first and, as of 2026, still the only digital advisor approved by the CPF Board to manage CPF OA and SA investments on behalf of retail clients.

The platform is registered under Endowus Singapore Pte. Ltd. (Company No. 201708816N) and holds a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS), CMS Licence 101051. It is also an exempt financial advisor under the Financial Advisers Act. Client assets are held with UOB Kay Hian, a licensed custodian, separate from Endowus’ own balance sheet — meaning your money is protected even if Endowus itself were to face financial difficulty.

As at 2026, Endowus manages billions of dollars for over 200,000 clients across Singapore and Hong Kong, and continues to be one of the fastest-growing wealthtech platforms in Southeast Asia.

How Endowus Works

Endowus operates as a discretionary fund manager — meaning once you set your investment objectives and risk profile, the platform takes care of fund selection, portfolio construction, and rebalancing on your behalf. You do not need to pick individual stocks or time the market. The workflow from sign-up to invested looks like this:

1. Create an account via Singpass MyInfo (for Singapore citizens and PRs) or manually for foreigners. Takes under 5 minutes.
2. Link your funding source — CPF Investment Account (via your agent bank: DBS, UOB, or OCBC), SRS account, or fund a cash wallet via bank transfer.
3. Set your investment goal — retirement, wealth building, income, or short-term cash management.
4. Choose your portfolio — Flagship, Income, ESG, or build your own via Fund Smart.
5. Invest and let Endowus handle the rest — automatic rebalancing, dividend reinvestment (for accumulating funds), and quarterly fee deduction.

Endowus follows what it calls Strategic Passive Asset Allocation (SPAA) — broad market exposure through evidence-based, low-cost funds, with minimal tactical tilting. This philosophy is grounded in academic research and is similar to how institutional endowments and pension funds invest.

Endowus Fees Explained (2026)

One of Endowus’s strongest differentiators is its transparent, simple fee structure. There are three layers of cost to understand:

1. Endowus Access Fee (the only fee Endowus charges you)

This is a single annual fee that covers investment advice, portfolio monitoring, rebalancing, platform access, brokerage, and client support. It is calculated daily and charged quarterly.

Source: Endowus Pricing Page (endowus.com/pricing), June 2026

2. Fund-Level Fees (Total Expense Ratio)

All funds carry an underlying TER charged by the fund manager (e.g. Dimensional, PIMCO, Vanguard). These fees are already embedded in the fund’s daily Net Asset Value (NAV) — you will not see a separate deduction. TERs on Endowus range from 0.05% to approximately 1% p.a. depending on the fund.

3. Trailer Fee Cashback — 100% Back to You

When fund managers pay distribution fees (trailer fees) to platforms that sell their funds, most platforms keep this money. Endowus instead rebates 100% of trailer fees directly back to your account — typically as a quarterly credit. For a Singapore investor in a typical balanced Flagship portfolio, this cashback can reduce your effective net fund cost by 0.20%–0.40% p.a., significantly lowering your all-in investment cost.

Worked example: A Singapore investor with S$50,000 in the Endowus Flagship (Very Aggressive) portfolio would pay 0.60% × S$50,000 = S$300 per year in Endowus Access Fee, plus the underlying fund TER of approximately 0.20% = S$100. Total before cashback: S$400/year. After receiving trailer fee cashback of, say, 0.20%, your net effective cost drops to approximately S$300/year — or just S$25/month.

Investing Your CPF with Endowus

This is where Endowus is genuinely unique. No other robo advisor in Singapore — not Syfe, not StashAway, not Moomoo — allows you to invest your CPF Ordinary Account savings in managed portfolios. Endowus is the only digital wealth platform approved under the CPF Investment Scheme (CPFIS).

CPF OA (Ordinary Account)

Your CPF OA currently earns 2.5% p.a. in interest. Under CPFIS rules, you can invest your OA balance after setting aside the first S$20,000 (plus any agent bank buffer). The remaining investable amount — potentially hundreds of thousands of dollars for long-serving Singaporeans — can be put into Endowus’s globally diversified unit trust portfolios.

The key question: does investing CPF OA beat the risk-free 2.5%? Over the long term (10+ years), a diversified global equity fund has historically delivered 6%–9% p.a. — meaningfully above 2.5%. But equities carry short-term volatility risk, so this decision depends on your investment horizon and risk tolerance. Endowus’s portfolios include more conservative options (e.g. 20% equity / 80% bond Flagship) for investors who want modest growth with lower volatility.

CPF SA (Special Account)

CPF SA earns 4% p.a. — a higher risk-free rate than OA. As of 2026, Singapore citizens and PRs under 55 can still invest their SA via Endowus Fund Smart using a single fund. Given the 4% guaranteed rate, the case for investing SA is weaker unless you have a very long horizon (20+ years) and high risk tolerance. Endowus transparently explains this tradeoff before you invest.

Practical Steps to Invest CPF with Endowus

1. Open an Endowus account and verify via Singpass MyInfo.
2. Link your CPF Investment Account with your agent bank (DBS/UOB/OCBC). This requires a visit to your bank branch if not already set up — allow 1–3 business days.
3. Log in to Endowus, select “Invest CPF”, choose your portfolio, and confirm.
4. Endowus sends instructions to your agent bank; funds are transferred typically within 3–5 business days.

For a detailed breakdown of the CPF investment strategy, see our guide to CPF investment strategy for Singapore investors.

Investing Your SRS with Endowus

The Supplementary Retirement Scheme (SRS) is Singapore’s voluntary tax-saving vehicle. Every dollar you contribute to SRS reduces your taxable income — a meaningful benefit for those in the 7%–22% tax bracket. But SRS funds sitting in a bank earn just 0.05% p.a. Investing your SRS through Endowus earns potentially far more.

Endowus SRS portfolios offer the same Flagship, Income, and ESG options as cash portfolios, at a flat 0.40% p.a. access fee for multi-fund portfolios. The Flagship (Very Aggressive) 5-year annualised return as at 2026 stands at approximately 9.4% p.a. — though past performance does not guarantee future results.

2026 SRS Contribution Limits: Singapore citizens and PRs can contribute up to S$15,300 per year; foreigners can contribute up to S$35,700 per year. Every dollar contributed and invested before 31 December is deductible from your Year of Assessment income.

For the best ways to maximise your SRS, also explore options like the Singapore Savings Bonds 2026 guide and Singapore T-bills 2026 guide for lower-risk SRS investment alternatives.

Cash Investing with Endowus

For investors without CPF or SRS funds to deploy, or those looking to invest additional savings, Endowus’s cash investment option provides access to the same institutional fund universe at tiered fees.

Cash Smart — Endowus’s short-term cash management solution — is designed for emergency funds and savings you may need within days to months. It invests in money market funds and short-duration bond funds, targeting returns above savings accounts at just 0.15% p.a. platform fee. There is no lock-up and no minimum investment for additional top-ups beyond the initial S$1,000.

For long-term wealth building with cash, the Flagship portfolio offers globally diversified exposure across equities, bonds, and alternatives through funds from Dimensional Fund Advisors, PIMCO, Vanguard, and other institutional managers.

Endowus Portfolios: Flagship, Income, ESG & Fund Smart

Endowus offers four portfolio types:

Flagship Portfolios

Five risk levels from Very Conservative (20% equity, 80% bonds) to Very Aggressive (100% equity). Globally diversified across developed and emerging markets. The Very Aggressive Flagship has delivered ~9.4% annualised over 5 years (as at 2026). Auto-rebalanced quarterly.

Income Portfolios

For investors seeking regular passive income. Focuses on dividend-paying funds and bond income funds. Targets sustainable yield rather than maximum capital growth. Suitable for pre-retirees and those building passive income in Singapore.

ESG Portfolios

Invests in funds screened for environmental, social, and governance criteria. Uses funds from Dimensional, PIMCO, and Amundi with ESG overlays. Fee structure identical to Flagship.

Fund Smart

Build your own portfolio from 400+ individual funds. Access to funds from Dimensional, BlackRock, Vanguard, Fidelity, Aberdeen, Nikko, and more. Single-fund option at 0.30% p.a. Two or more funds revert to tiered/CPF rates. Fund Smart is the go-to choice for experienced investors who want direct fund selection.

To compare how Endowus stacks up against ETF investing, you may also want to read our guide on the Singapore REIT ETF guide and check out the Singapore retirement calculator to understand how your portfolio size today maps to retirement income.

Endowus vs Syfe vs StashAway (2026)

Singapore’s three most popular robo advisors share similar goals but differ meaningfully in product scope, investment philosophy, and cost structure. Here’s how they compare in 2026:

Source: Official platform pricing pages, June 2026. For educational reference only.

Bottom line: If CPF OA is your primary investment pool, Endowus is the only option. If you prefer ETF-based portfolios with no minimum, Syfe (via its Syfe referral code and sign-up bonus) is a strong alternative. For a more actively managed tactical approach, StashAway’s ERAA philosophy has its proponents — though its track record vs passive strategies remains mixed.

Pros and Cons of Endowus

What Endowus Does Well

• Only platform for CPF OA investing — a unique, irreplaceable advantage for Singaporeans wanting to put their CPF to work beyond the 2.5% interest rate.
• 100% trailer fee cashback — genuinely reduces your net investment cost vs platforms that pocket commissions.
• Access to institutional share classes — retail investors get the same low-cost fund share classes normally reserved for institutions managing S$100M+.
• Simple, transparent fees — one annual access fee, no sales charges, no transaction fees, no hidden costs.
• Strong fund universe — 400+ funds including Dimensional Factor funds not available on other Singapore platforms.
• Automatic rebalancing — keeps your portfolio on target without you having to do anything.
• Holistic investing under one roof — CPF OA, SA, SRS, and cash all managed on one platform, giving you a consolidated view of your wealth.

Limitations to Know

• S$1,000 minimum investment — higher barrier than Syfe (no minimum) or StashAway (S$1). May be a constraint for very new investors.
• Cash fee of 0.60% (under S$200K) — at small cash balances, this is higher than some competitors on a like-for-like basis.
• No direct ETF investing — Endowus invests in unit trusts, not exchange-traded ETFs. If you prefer low-cost ETFs like CSPX or VWRA, you need a separate brokerage account.
• CPF SA investing limited to single funds — not all portfolios are available for SA, and the high 4% guaranteed SA rate means the opportunity cost of investing is real.
• Not SDIC insured — investments held in unit trusts are not covered by the Singapore Deposit Insurance Corporation (SDIC). This is standard for investments vs deposits.

How to Sign Up for Endowus (Step-by-Step)

1. Visit endowus.com and click “Create Account”.
2. Verify your identity via Singpass MyInfo (fastest) or manual document upload.
3. Complete the suitability questionnaire — your risk profile, investment goals, and time horizon.
4. Enter a referral code to get S$20 fee credit: use code 2V343 (both you and the referrer get S$20 after you invest S$1,000 and stay invested for 90 days).
5. Link your funding source — CPF Investment Account, SRS account with your bank, or cash via bank transfer.
6. Choose your portfolio and confirm your investment. Endowus handles the rest.

Alternatively, you can claim your Endowus referral code via TKN for full details on current promos and how to stack them.

If you are also comparing platforms for broader investing needs, you may want to check our guide on best S-REITs in Singapore 2026 and moomoo Singapore review for stock/ETF brokerage alternatives.

Not financial advice. All figures are for educational reference only. Please read all product terms and conditions before investing. Past performance does not guarantee future results. Data as at June 2026.

Frequently Asked Questions