The world of investments for young Singaporeans can be daunting – especially when choosing which digital wealth platform to use. Luckily, many of these platforms today simplifies their process like Endowus and Syfe. But how to they stack up with each other? And what are the things these digital wealth platform offers that’ll help young investors in the country decide which financial products better fit their journey? Let’s find answers in this blog.
Endowus vs. Syfe | Investment Portfolios and Strategies
- Endowus: This digital wealth platform offers different financial products for a range of portfolios including Core, Satellite, and Income portfolios – all of which are tailored to various risk appetites or goals you may have.
Photo Credit: Endowus
Endowus also provide access to institutional-grade funds, including Dimensional Fund Advisors and PIMCO, focusing on evidence-based investment strategies. More so, the pièce de résistance of Endowus is being the first digital advisor in Singapore to offer investments using CPF and SRS funds, allowing for a more holistic approach to retirement planning.
- Syfe: On the other hand, the investment portfolios and strategies of Syfe is considered thematic. This includes but not limited to REITs, Equity100, and Core portfolios, catering to different investment preferences.
Photo Credit: Sethisfy
This digital wealth platform also has a proprietary risk management system, ARI (Automated Risk-managed Investments), aims to optimize returns while managing risk. Syfe also offers a cash management account, Cash+, for those seeking low-risk options.
Endowus vs. Syfe | Fees and Minimum Investment
- Endowus: Let’s discuss this part pretty straightforward. Endowus: Charges an annual advisory fee ranging from 0.25% to 0.60% for cash investments, depending on the portfolio.
For CPF and SRS investments, the fee is 0.40%. The minimum investment amount is $1,000, making it accessible for young investors starting their investment journey.
- Syfe: Offers a tiered fee structure starting at 0.65% per annum for investments up to $20,000, with fees decreasing as your investment amount increases.
Syfe has no minimum investment requirement (which we think is a show-stealer), allowing you to start investing with any amount. Technically, this ideal for those looking to dip their toes into investing without a significant upfront commitment – which is definitely most young Singaporeans today.
Endowus vs. Syfe | User Experience and Accessibility
- Endowus: Provides a user-friendly platform with comprehensive financial advice and educational resources. The platform is designed to cater to both beginner and experienced investors.
- Syfe: This digital wealth platform’s thematic portfolios allow you to invest in areas you’re passionate about, such as technology or real estate. Syfe also offers educational content to help you make informed decisions, making it a great choice if you prefer a more hands-on approach to investing.
Photo Credit: New Academy of Finance
A table for easier comparison
| Feature | Endowus | Syfe |
| Investment Portfolios | Core, Satellite, Income portfolios; CPF/SRS options available | Thematic portfolios (REITs, Equity100), Core portfolios; ARI risk management |
| Fees | 0.25% to 0.60% (Cash), 0.40% (CPF/SRS) | 0.65% to 0.35%, tiered fees based on investment amount |
| Minimum Investment | $1,000 | No minimum investment |
| User Experience | Comprehensive advice, user-friendly, focus on long-term wealth | Simple onboarding, intuitive interface, thematic focus |
| Additional Features | CPF/SRS investment options, access to institutional funds | Cash+ account (cash management), flexible investment |
| Best for | Investors looking for integrated CPF/SRS options and exclusive funds | Investors seeking low minimums, thematic portfolios, and simplicity |
Final thoughts
Ultimately, the best platform depends on your individual financial goals, investment preferences, and how you plan to build your wealth over time. Consider what matters most to you in an investment platform and choose the one that aligns with your financial aspirations.