The latest technology news in the wealth management sector from around the world.

Endowus
Hong Kong-based digital wealth advisor Endowus has just announced the launch of its digital wealth management platform, which is the result of its investment in its technology.

The launch includes the release of an enhanced, bilingual version of an Endowus app that enables clients to invest towards their life goals, the firm said in a statement.

It includes new portfolios. The Endowus Flagship Portfolios comprises strategies from global fund managers such as Amundi, BlackRock, Dimensional, and PIMCO. The portfolio includes funds at institutionally low fees, previously unavailable to retail investors in Hong Kong, available in May 2024.

It also includes new digital functionalities â€“ intuitive goal-based investing, collections of curated funds, instant investment top-ups using eDDA (Electronic Direct Debit Authorisation), a transfer of fund holdings into Endowus accounts for greater fee savings, and a dual-language interface in English and traditional Chinese.

In addition, new in-app capabilities for professional investors (PIs) are included â€“ instant access to investments in semi-liquid and liquid private equity or private credit funds and hedge funds at lower minimums, in a subscription experience for PIs. 

These enhancements were announced at the Endowus Investment Summit, the firm’s flagship Hong Kong event.

Endowus’ fee-only business model, which aims to remove commissions paid to banks and private banks returns them to the client as cash back. This is designed to reduce the client’s cost of investment and improves returns by the same amount.