How do I modify goal or change investment portfolio? (SG)

Table of Contents

To Modify your Goal on a Web Browser: Log in to your Endowus account > click on the goal you would like to modify > Goal Settings (top right) > Modify Goal. 

To Modify your Goal on your Endowus Mobile App: Log in to your Endowus account > click on the goal you would like to modify> Select the three vertical dots on the top right corner of the app > select Modify Goal.

For Endowus Advised Portfolios (including Cash Smart, Core, and Satellite portfolios)

Cash Smart

  • Review your current portfolio 
  • Select the portfolio based on the level of risk and returns that suits your needs:

  • Proceed to view new portfolio details before confirmation.
  • Within underlying funds, you will be able to toggle to view changes between your original portfolio and the new portfolios you’ve selected.

Core (Flagship, ESG, Factors) 

  • Review your current portfolio 
  • Select your time horizon for this goal 
  • Select your risk appetite for this goal and corresponding portfolio you would like to modify into 
  • Our system will evaluate the suitability of portfolio against your risk tolerance:

  • Proceed to view new portfolio details before confirmation.
  • Within underlying funds, you will be able to toggle to view changes between your original portfolio and the new portfolios you’ve selected.

Income

  • Review your current portfolio 
  • Select the portfolio based on the level of payout and capital growth that suits your income needs 
  • Select your risk tolerance for this goal 
  • Our system will evaluate the suitability of portfolio against your risk tolerance:

  • Proceed to view new portfolio details before confirmation.
  • Within underlying funds, you will be able to toggle to view changes between your original portfolio and the new portfolios you’ve selected.

Satellite 

  • Review your current portfolio 
  • Select the portfolio based on the market opportunity you believe in 
  • Select your risk tolerance for this goal 
  • Our system will evaluate the suitability of portfolio against your risk tolerance:

  • Proceed to view new portfolio details before confirmation.
  • Within underlying funds, you will be able to toggle to view changes between your original portfolio and the new portfolios you’ve selected.

For Fund Smart portfolios

You may make modifications to and/or switch funds within your portfolio via the following steps:

  1. Head over to your fund smart goal > "Goal Settings" > "Modify Goal"
  2. Under "Fund Allocation" you will be able to add to or remove funds from your portfolio
  3. To add a new fund, select "Add Fund"
  4. To remove a fund, select "Remove Fund" and confirm the fund you'd like deleted by selecting the bin icon next to it.
  5. Please note that if the new funds are unsuitable for your risk profile you will be prompted to modify your fund selection.
  6. Ensure that the allocation percentages add up to 100%
  7. Confirm your changes by selecting "Confirm by SMS

How does the goal modification process work?

The goal modification process may take up to 7 working days to complete. During the modification period, you cannot reverse the process and make additional modifications.

  1. Redemption: After you have confirmed the goal modification request, we will first redeem the Funds that are now either removed from the portfolio or overweight to the new target asset allocation.
  2. Investment: Once the redemption is completed and UOB Kay Hian (our partner custodian) receives the proceeds from the redemption, they will re-invest the money into the underweight Funds to bring your portfolio to your new target asset allocation. 

As part of the Endowus automated portfolio rebalancing process, we will also take the opportunity to rebalance your portfolio back to its target asset allocation. 

Please note:

  • If the deviation from the target allocation is less than $100 in value, auto-rebalancing will not be activated.
  • It is not currently possible to modify your goal from one goal type to another (eg. from a Flagship to a Fund Smart Portfolio, or from a Cash Smart to an Income Portfolio). You will need to initiate a redemption from the existing goal, and create a new investment order into the desired goal. 

 

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