as of 12/11/2018 at 9:39 am
Bestinvest is a decent online investment platform which offers OK ISA and pension options. The website has plenty of guides and investment research available once you're in. It also has a range of ready-made portfolios and pre-packaged investment choices, as well as funds from loads of groups and individual company shares.
There’s a fair bit of technical information and fund research, so it’s more likely to suit those that are more experiences.
The platform has several own-brand multi-asset funds available in both passive and active options. Confusingly called the IFSL Tilney range. The charges for these active options are broadly in line with (equally pricey) comparable industry alternatives and range from 1.45% to 1.54%. The passive multi-asset portfolios are relatively pricey at 0.94% to 1.03%. It is hard to think why an investor choosing a passive multi-asset option, with the platform fee on top, would be well advised to pick this route to market.
With a fee of 0.4% for ISAs, it’s one of the better options on price for smaller portfolios. There are no fund dealing charges, so for investors putting small amounts into a few different funds on a monthly basis it is pretty low cost.
Mid-sized investment platform administering around £3.5bn
£50 for most funds
|12 month indicative performance:||
The in-house multi-asset growth portfolio returned -0.4% over the year to Nov 2018. And 20% over 3 years.