I want to move my children's stocks and shares ISA to a robo adviser - what are my options?

9 July, 2020

Question by Funmi

I currently have my children's Stocks & Shares ISA's with H&L however I am not that savvy with investing so I am thinking of moving it over to Wealth Simple and allowing them to do it for me. Would you recommend this or are there other roboadvisors you would suggest? I am happy to leave the money in long term until they are about 18 so looking at an 'ambitious' risk. I also have the same account with H&L and will potentially swap also.

Answered by Holly Mackay

Fidelity has recently announed no fees on Junior ISAs - they also have ready-made investment options. If you want to keep it super simple I would look at Nutmeg, Wealthify or Wealthsimple - you can read more about them on our Best Buys pages.

Answered by

Holly Mackay

Founder & CEO, Boring Money

I’ve worked in investment markets for over 20 years. I started out at Merrill Lynch Investment Management and worked at a few big names before setting up my first business in 2008.

I like words and ideas more than numbers. I like investing because at the end of the day it’s about using our money to fund innovation and growth. That’s more fun than any graph!

I like explaining things and ‘bullshit-bashing’. Away from work I like travelling, reading, wine, dinghy sailing, swimming in the sea and running.

I am not very good at sitting still and a manicure is my idea of hell. I have 2 amazing kids and a dog of little brain. Like most people, I'm currently craving a good beach holiday and the smell of sun tan lotion!

NB: Holly is not a qualified financial planner or adviser, she does not take on any individual clients and is unable to accept any requests to provide personalised financial advice. Sorry!

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