SINGAPORE-BASED robo-adviser Endowus has received the nod from the Securities and Futures Commission of Hong Kong (SFC) to offer its wealth management and advisory services in the territory, moving its expansion plans forward.

Its chief executive Gregory Van on Tuesday (May 24) told The Business Times that it had received licences under Types 1, 4 and 9 in the first quarter of the year, for dealing and advising in securities, and asset management.

“We are planning for the official launch within this year,” said Van.