3 upvotes, 1 direct replies (showing 1)
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I think I understand what you are saying. So if Endowus goes down my MMF or whatever are custodised so I am “protected”.
But why do you say CF is not a custodial account? I thought same concept as Endowus et al, no?
Comment by breadstan at 10/03/2025 at 07:27 UTC
3 upvotes, 1 direct replies
I have to refine what I meant by custodial account. CF is not a custodial provider nor is it a custodial entity.
You can be right that CF may function like Endowus or other retail dealing entities, but it depends on how they create the custodial account under whose name.
For Endowus, they publicly mention if you invest with them, the custody account is created in UOB Kay Hian under your name. CF may have done the same, but without them publicly announcing it, we will have no idea.
I apologize if my understanding is wrong, if any insider can enlighten, it will be great.