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evestor Review

as of 27/02/2019 at 9:47 am

Holly's View

This is a nice-looking simple service which bundles financial advice (and real humans!) into the deal. Nice and straightforward to use. Best for those who want financial advice, minimal choice and are prepared to put up with a few early stage teething problems (nothing too dramatic!) for a personalised, easy to navigate service. One to watch.

Our Rating

Recommended For

Beginner Investor

In a nutshell

Includes human advice!

Good on mobile

Simple investment choice

You Say

Your overall rating

Based on 4 reviews

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What to Expect

Investment Choice

Products

Stocks and Shares ISA

Investment Account

Pension

Investments available

Chosen for you

Investment help

Robo advice / ready-made portfolios

The 'Geeky' Details

Provider details

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).

Important Facts & Figures

Provider Size:

New robo-adviser

Minimum amounts:
£1 minimum investment
12 month indicative performance:

A medium risk portfolio returned 9.2% in 2017, after charges.

Your Questions

"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"

Charlie, UK

30/07/2019

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