MoneyOwl rolls out low-cost investment portfolio service
It will not carry sales charge or receive trailer fees; portfolios will be invested in Dimensional Fund Advisors' funds.
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
MONEYOWL, NTUC Enterprise's financial advisory subsidiary, is rolling out its investment portfolio service for retail investors, which will neither carry a sales charge nor receive any trailer fees.
Trailer fees are the portion of funds' annual management fees that are typically paid to a distributor or adviser. For advisers, this forms part of recurring revenues. Trailer fees of a retail fund could comprise as much as half of the fund's annual management fee.
MoneyOwl is a joint venture between NTUC Enterprise Cooperative and Providend Holding. It is positioned as a "bionic'' adviser which means that clients can transact purely digitally, or through a dedicated team of advisers.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
