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Free and Low-Cost Financial Services Offered by MoneyOwl
By Heartland Boy  •  August 13, 2020
In the current economic climate, it is heartening to learn that MoneyOwl has decided to lower the fees for its investment services. This is definitely staying true to its social mission of enabling everyone, including ordinary Singapore working families, to manage their money well to reach their life goals no matter what happens. This article highlights some of the free and low-cost financial services offered by MoneyOwl, some of which Heartland Boy has personally taken advantage of.

NO ADVISORY FEES FOR FIRST $10,000 AND ABSORBED PLATFORM FEES

In a major move, MoneyOwl has taken the bold step of not charging any advisory and platform fees on the first $10,000* of a client’s Asset Under Management (‘AUM’). This means that every return made from the portfolio, after paying off the Fund Total Expense Ratio (which is charged by the underlying funds), goes directly into the pocket of the client. In addition to making the first $10,000 absolutely free of advisory and platform fees, MoneyOwl has also revised the fees downwards for...
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By Heartland Boy
Heartland Boy is a young working adult who pretends to be competent in the real estate industry despite graduating with only a Business Management degree. Outside of work, he analyses stocks, reits and property for investment to build passive income. He is also a stickler for all things that represent value-for-money.
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