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Any thoughts on Invest Engine as a provider?

16 December 2021

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Question by Nick

Mulling over ISA funds and Vanguard Lifestyles in particular. A friend has said I should think about Invest Engine but can't find anything in BM about them. I know they're newish but what do you reckon? Anything to be published? Thanks.


Answered by Joshua Gerstler

Hi Nick,

There appear to be no charges on Invest Engine to hold ETFs.

If you have decided that ETFs are the best option for you, then a way to buy, sell and hold them with no fees sounds good.

I am always a little skeptical when things sounds too good to be true, and look forward to being proven wrong.

From the reviews I could see online, the majority were positive.

A lot of these "robo" websites struggle and do not survive and I hope this is not another one.

I believe they offer an ISA at the moment but not yet a Pension.

Hopefully we will see an official Boring Money review soon!

Josh

Answered by

Joshua Gerstler

Chartered Financial Planner

I have been working in Financial Services for over 16 years. I started out at Deloitte where I trained and qualified as a Chartered Accountant before moving to Financial Advice/Planning at The Orchard Practice in 2011.