as of 23/01/2019 at 2:17 pm
Click & Invest is a new service from established global wealth manager and banking group, Investec.
You get regulated advice, so you’ll be recommended a suitable portfolio for your needs. They do this by asking a series of questions to establish how you trade off the chance of bigger gains with the risk of a larger loss. You don't get to pick your own individual funds or shares, but you can set up different portfolios for different goals – you might need more certainty with investments that are needed to pay off a mortgage, but be prepared to up your risk (and possible return) when it comes to longer term goals.
The portfolios use actively managed investments – there are human beings managing the underlying funds, so costs can be higher than other robo-advisers. Expect to pay around 1.25% – £31.25 per year on that £2,500 minimum.
Worth a look for tomorrow’s high earners who are on the ladder today.
New robo-adviser from an international private bank and asset manager
£2,500 minimum initial amount
"I am a 35 year old woman working part time on a reasonably good salary. I have recently taken out a Stocks & Shares ISA with Wealthify (from reading the recommendations on Boring Money) where I pay in £40 per month. However, I am wondering if I should be doing more? Should I be diversifying and using more than just Wealthify by also investing in Vanguard or Investec, for example? Or is it better to increase the amount into Wealthify? Thanks!"
17/10/2018Read our reply
"I shall have £10k to invest shortly, and I want to use an actively managed portfolio in a quality company. How would you rate - Investec Click & Invest/True Potential Investor/Nutmeg on the basis of ROI/customer relationship/quality/risk factors etc? I would class myself as a mid-grade risk-taker/reasonably adventurous if appropriate, with a high quality company. I presently use Hargreaves Lansdown and Wealthify but feel the need to diversify. What do you recommend?"
03/10/2018Read our reply