Endowus, a Singapore-based digital wealth advisory platform, announced that it has completed its acquisition of a majority stake in Carret Private Investments Limited, a Hong Kong-based wealth manager and multi-family office that serves ultra-high-net-worth individuals, families, trusts, and charitable organisations. Endowus was established in Singapore as the first, and now the largest independent digital wealth advisor to span both private wealth (cash) and public pension savings (Central Provident Fund & Supplementary Retirement Scheme). The acquisition comes at a time when the independent wealth management and external asset management industry is beginning to burgeon in Asia, as it has in Europe, the US, and Australia over the last few decades.
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