WealthTech Endowus breaks US$7b mark in assets under advice

Its Private Wealth client offering has surpassed US$2b in assets managed.

WealthTech firm Endowus said that it has over US$7b of assets under advice as of November 2024.

Of this, S$2b are in pension assets, a 60% growth year-on-year (YoY), according to a press release. Endowus attributed this to being Singapore’s “first digital advisor for Cash, CPF, and SRS.”

Year-to-date, Endowus said that its assets have increased by over $2b in 2024, reportedly the fastest growth rate in the company’s history.

Clients reportedly gained over S$600m in net returns over the past five years.

The launched Endowus Private Wealth client tierserving high-net-worth individuals– including family offices, accredited and professional investors– surpassed US$2b. Of this, over US$200m are in hedge fund, private market, and alternatives exposure.

Its Hong Kong business saw client assets and accounts grow by tenfold (10x) and sevenfold (7x) over the last 12 months since its soft launch in 2023.

Over 340,000 wealth goals have been created on the Endowus platform across its discretionary and advised portfolios, bespoke portfolios and fund investing platform Fund Smart.

Clients are estimated to have saved $50m in fees to date, Endowus said.