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Quick Intro:I recently attended an event by one of the robo advisors here in Singapore, Endowus, jointly organised by Dollar and Sense (DNS). DNS Co-founder, Mr Timothy Ho hosted an informal session where Endowus management team, lead by Co-CEO/CFO, Mr Sun You Ning shared with us some insights on what it means to invest with a robo-advisor. (I will be looking to do another write-up specifically on Endowus in a separate article in due time).
I have previously written an in-depth article on robo-advisors that are available here in Singapore, where Endowus is one of the robo-advisors being evaluated.
While I have seek to evaluate key points such as trading platforms, commission charges etc associated with these robo advisors and how they measure up against each other, there is an area which I feel should warrant further discussions: the 30% WITHHOLDING TAX
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