as of 27/02/2019 at 9:47 am
Evestor is a new robo-adviser – rather than picking your own investments, you answer a few questions and they pick a portfolio for you. This means that you’re not able to pick and choose your own funds and company shares – it’s all managed for you. Our user testing showed that not being able to see the investments before signing up was a big off put.
Charges are very cheap at 0.52% per year, including management and investments. And you can invest from as little as £1.
The website and app are also a bit more novice-friendly than most, so more suitable for the less experienced (and those that want someone else to do the leg work for them).
£1 minimum investment
|12 month indicative performance:||
A medium risk portfolio returned 9.2% in 2017, after charges.
"Hello! I'm looking to start investing and after lots of research I'm torn between Evestor and Vanguard Lifestrategy as they both have low fees and passive investing. I understand Vanguard is more established with a traditional platform, while Evestor is newer to the market with a simple easy to use platform. The entry requirements are much higher for Vanguard (£500 upfront and £100/month) while Evestor starts at £1. Is there any benefit of stretching my investment to use the Vanguard fund? Also do you know with Vanguard if I miss a monthly payment, will I be charged? I know this is possible with Evestor to stop a direct debit, however I'm not sure what the consequences (if any) would be of missing a payment with Vanguard. Many thanks, Charlie"
30/07/2019Read our reply