Investment and Savings

No. Only cash can be used for Joint Investment Accounts.

Yes, you can. You will need to obtain the “Transfer of Account Form” from the new SRS operator, who will then liaise with your existing operator to effect the transfer. Please email to inv_ops@moneyowl.com.sg when the transfer is completed. We may request for additional supporting documents.

You can only open one SRS account with any of the three operators: DBS, OCBC or UOB. It is an offence and there are penalties to open SRS accounts with more than 1 operator.

Firstly, you need to open an SRS account with any of the three SRS operators: DBS, OCBC or UOB. You can then choose to transfer monies into your SRS account.

• Login> Under Investment and Savings Card> Select one of the portfolios
• Click on ‘Add Portfolio’> Select Personal Account> Select your investment goal
• Select ‘SRS’ as the funding method> Follow the on-screen instruction and proceed accordingly

Fill in your SRS Account Details (Please ensure there are sufficient fund in your SRS Account as the amount will be deducted immediately to process the buy request)> Key in the Promo Code (if any)> Continue

Yes, you can do so. Click into your portfolio, click on the dropdown box “More” -> “Transfer” Transfers between cash accounts will be processed and completed immediately.

Each portfolio will have a unique Cash Account number tagged to it. Hence, please ensure that you indicate the correct Cash Account number (starting with Gxxxxxxx) that is specific to the portfolio you wish to fund.

Yes, you can rename your portfolios to differentiate between different financial goals which the portfolios were set up for.

Yes, you can set up to a maximum of 20 different investment portfolios.

This is because as a financial adviser, we provide more than just access. Through us, clients receive asset allocation advice through the robo as well as investment planning and risk coaching services from a full team of Client Advisers and investment specialists. In addition, as experts in CPF, we can advise you on investing your CPF holistically. Most of our clients see the value of what remains a very affordable advisory fee, especially when combined with the low-cost, market-based portfolios made up of adviser retrocession-free share classes we had co-created. As an NTUC social enterprise, MoneyOwl has the responsibility to be prudent in our pricing to remain financially sustainable so that we can partner you on your financial wellness journey for a long time to come.

No, we do not. The trailer fees between the fund manager and CPF investment administrator or platform are a commercial arrangement between the two parties. MoneyOwl does not influence this arrangement.

As a principle we believe all service providers should be fairly compensated for services provided to ensure the long-term viability of the partnership arrangement.

Additionally, MoneyOwl is charging 0% advisory fees as an introductory promotion in 2022. This reduces all-in costs (advisory fees and fund level expenses) for the clients in 2022 and will probably be the lowest-cost way for you to start a digital CPFIS investment journey.