Endowus HK sees client base double and AUA triple in 2025, targets another doubling this year

Endowus Hong Kong's managing director and head of Hong Kong, Steffanie Yuen, said at a media luncheon on Thursday that the company's client base doubled year-on-year last year, while assets under advice tripled, with 98 percent of clients achieving positive returns.

Gregory Van, co-founder and chief executive of Endowus, said up to 2025, the group assets surpassed US$10 billion (HK$78 billion), and the platform has generated more than US$1 billion in net profits for clients. He added that Endowus is now saving clients an average of about US$50 million annually.

The company has signed a new lease in Central's core business district, with office space set to double. The relocation is expected to take place mid-year. Team size is expected to grow by 50 percent in 2025, with a further expansion of 20 to 30 percent planned for 2026.

Endowus Hong Kong's investment advisory director Jasmine Chan said that while US corporate earnings have been strong, delivering double-digit growth and solid profitability. Against a backdrop of elevated valuations, investors may need to place greater emphasis on portfolio defensiveness and take a more active approach to stock selection.

She added that amid narrowing credit spreads and rising political and policy risks, the firm advocates a more active investment approach and broader diversification. She said private infrastructure could emerge as a high-potential asset class, supported by artificial intelligence and demographic trends, while offering built-in inflation protection.

Cynthia ZHONG