LOW-COST investing remains elusive in Singapore's unit trust landscape, but a new financial advisory (FA) entrant, endowus, may well spark a long overdue shakeup.
endowus is a fee-only advisory firm. This means that the firm will take no product commissions, in the belief that commissions including fund sales charges and trail fees create potential conflicts of interest. Trail fees are the portion of funds' annual management fees that are paid to distributors.
Instead, its investment portfolios will be populated with the institutional share class of funds, where annual management fees could be less than half of the fees that retail investors are typically charged. endowus was formed last year and...
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