What is the Endowus Fee?
The Endowus Fee is an all-in fee that Endowus charges you for all of our services - i.e. investment advice, portfolio creation and rebalancing, brokerage, and transfers.
For information on deposit and withdrawal fees please refer to this page.
How is the Endowus Fee calculated?
The Endowus Fee is charged on a quarterly basis. For every calendar quarter (e.g. Jan - March), we will calculate the daily average investment value of your investments and charge a percentage as fees (depending on your goal type).
Note that you will only be charged fees for the days in the quarter that you are invested, please refer to here for more information on fees.
How is the Endowus Fee paid for?
HKD investment fees are charged in the following order:
- If you have available Endowus Fee credits, we will first deduct the fee amount from your Endowus Fee credits. Note that if you have multiple fixed amount vouchers available, our system will automatically redeem them based on expiration dates, prioritising those that expire the soonest.
- If you have an available HKD cash balance in your Endowus account, we will use it to pay for the Endowus Fee.
- For the remaining payable Endowus fee, we will charge the fee by redeeming from your investment holdings.
Foreign currency investment fees are charged in the following order:
- If you have available Endowus Fee credits, we will first deduct the fee amount from your Endowus Fee credits. Note that if you have multiple fixed amount vouchers available, our system will automatically redeem them based on expiration dates, prioritising those that expire the soonest.
- If you have available cash balance of the foreign currency in your Endowus account, we will use it to pay for the Endowus Fee.
- For the remaining payable Endowus Fee, we will charge the fees by redeeming from your investment holdings.
If you have HKD cash balance and would like to convert it into the foreign currency of your portfolio, you may make the conversion on the platform before the fee charge date.
Kindly note that there are specific investments whereby we are unable to deduct Fees via the redemption of units, for these reasons:
- The fund is a private markets or hedge fund, which is illiquid in nature;
- The fund has unique redemption restrictions (eg. Fixed Maturity Bond Fund), and/or
- The fund's NAV is too large relative to the Fee amount for a redemption of units.
With effect from 3 June 2025, if there is insufficient cash balance for these foreign currency investments, we will automatically convert your HKD to the respective foreign currency to cover the outstanding Fee.
- This process will begin the day after the fee charge date.
- The system will check on a daily basis if there is sufficient cash across both HKD and the respective foreign currency.
- If so, we will automatically convert* the required amount of HKD to the respective foreign currency at HSBC’s prevailing exchange rate before collecting the full Fee amount.
*Please note that Endowus does not earn any spread on this currency conversion.
If you prefer not to use your HKD cash balance to cover the Fee, please ensure that there are sufficient funds in your respective foreign currency cash balances to cover the Fee.
How is the Endowus Fee charged during a full redemption?
If you make a full redemption of all your investments in a goal before the end of a calendar quarter, we will only charge the Endowus Fee on a pro-rata basis of your daily average investment value of that goal. This Endowus Fee will be charged immediately at point of full redemption instead of at the end of the quarter.
When will the Endowus Fee be deducted from my account?
The Endowus Fee is usually charged within 10 business days after the end of each calendar quarter.
Where do I find the total fees paid to Endowus in respect of my account?
Log in to your Endowus account > Go to Activity & Balances
Am I still charged the annual Endowus Fee even if I haven't used the Endowus platform for the whole year?
Absolutely not - the Endowus fee is charged quarterly and only on a pro-rata basis of the daily average investment value of your investments.