When you make an investment, you only pay two types of fees: 1) the Endowus Fee and 2) fund fees (charged by our fund manager partners). There is no upfront sales charge or other transactional fees.
As a fee-only wealth advisor, the only fee we charge is the all-in Endowus Fee, based on your total Assets Under Advice (AUA). This ensures our interests are always aligned with yours.
The Endowus fee is charged quarterly, calculated daily on a pro-rata basis of your average investment value.
The investment value across all currencies (HKD, USD, EUR, etc.) within each fee category (Short-term Cash Management, General Strategies for mid to long-term goals, and Semi-liquid Alternatives) is aggregated separately. The corresponding fee tier is then applied to the total AUA within that specific category.
Please refer to the table below for a breakdown of the Endowus Fee tiers corresponding to your Assets Under Advice (AUA) across different investment goals.
Fund fees (or Total Expense Ratio) are paid to the Fund Managers. This is already accounted for in the Net Asset Value (NAV) of the Fund. If you are investing in a retail share class fund, Endowus clients will get 100% Cashback on trailer fees, which is a component of the fund fees.