As announced on August 31, 2023, MoneyOwl will be winding down its winding down its financial advisory business and all commercial activities will cease by December 31, 2023. As part of the winding down process, MoneyOwl will transfer its fund management business (“Investment Business”) and insurance advisory business (“Insurance Business”) to iFAST Financial Pte Ltd (“iFAST”). As part of this business transfer, we have transferred to iFAST the personal data of existing investment and insurance clients to iFAST, and will transfer personal data of clients who engage us for investment and insurance services hereafter, in line with the provisions of the Personal Data Protection Act 2012 (“PDPA”), as well as MoneyOwl’s Privacy Notice. We may retain your personal data after the transfer is completed, where this is necessary to complete the services to be provided to you and to the extent permitted by law. For more information on the impact of our wind-down and business transfer on our various services, please see link to microsite. Your acknowledgement and acceptance of the content of this paragraph are part of the Terms of Use, Terms and Conditions and Privacy Policy.
General Disclosures
We provide comprehensive financial planning services.
(b) Other Services:
Please note that these Other Services are non-regulated activities.
(c) Referral Activities:
We may conduct referral activities with Financial Institutions licensed by the Monetary Authority of Singapore or permitted businesses under the relevant regulations. In carrying out such activities, MoneyOwl and its representatives will not give advice or provide any recommendation on any product or service in relation to any non-financial advisory service provided to you; and MoneyOwl may receive a referral fee.
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MoneyOwl to wind down all commercial activities
MoneyOwl is winding down its financial advisory business and all commercial activities will cease by December 31, 2023.
For more information, please visit our microsite here.
MoneyOwl to be acquired by Temasek Trust
MoneyOwl announced on November 28, 2023, that Temasek Trust has signed an Expression of Interest to acquire MoneyOwl and re-purpose it under a new model.
For more information, please visit our microsite here.