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Moneybox Review

as of 07/11/2018 at 12:14 pm

Holly's view

A lovely app for the newcomers to investing who have little to no interest in how their money is actually put to work behind the scenes. This service is mobile-first, super engaging, actually very clever in terms of presentation and content, but built on just three very basic and vanilla investment options.

Our Rating

Recommended For

Beginner Investor

In a nutshell

Truly mobile-first

Super engaging

Limited investment choice

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Based on 6 reviews

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What to Expect

Investment Choice

Products

Stocks and Shares ISA

Junior ISA

Lifetime ISA

Investment Account

Investments available

Funds from other groups

Investment help

Robo advice / ready-made portfolios

The 'Geeky' Details

Provider details

There are three core investment choices in Moneybox.

The Cautious fund has an asset allocation of 85% cash, 10% shares and 5% property.

The Balanced fund has an asset allocation of 30% cash, 45% shares and 25% property.

And the Adventurous fund is split 5% cash, 60% shares and 35% property.

All of these asset allocations are made via the Vanguard Global Equity fund, the iShares Global Property Equity fund from BlackRock and the Henderson Cash Fund. These funds are all passive, or low-cost trackers.

Costs are an average of 0.68% a year plus a £1 a month subscription fee.  The 0.68% is made up of 0.45% for the platform administration and an average of 0.23% for the funds – the cash option will be cheaper than the Adventurous option as shares cost a bit more to manage.

Our only niggle is that the actual core investments information is a little light-on if you want to find more. Some of the performance charts only show up to 2016 which is annoying.

Important Facts & Figures

Provider Size:

Small start-up but has some big friends under the bonnet

12 month indicative performance:

Dated performance availability online. From 5.0% to 23.8% in 2016.

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