Digital wealth manager Endowus celebrates its fifth anniversary with record growth in assets under management.
Endowus saw group client assets increase by a record $2 billion year-to-date, according to a statement. In its fifth year of operations, the digital wealth manager boasts total assets of over $7 billion from more than 200,000 individuals, family offices and institutions. Six months after launching its Hong Kong business, Endowus also saw client assets and accounts grow over 150 percent in the city.
«The remarkable growth we’ve achieved amid market challenges underscores the demand for our fee-only model. As we continue to innovate and expand, we remain dedicated to helping individuals and families achieve their financial goals with confidence,» commented Endowus CEO Gregory Van.
Founded in 2017, Endowus is a Singapore-headquartered firm focused on delivering a fee-only digital wealth management model. To date, it has raised $95 million from investors including UBS, Citi Ventures, MUFG, EDBI Singapore, Prosus and four of Asia’s wealthiest billionaire families.
