as of 10/09/2018 at 2:54 pm
One of the newer so-called 'robo advisers', Moneyfarm is an interesting option for those who don't know where to start and want some advice along the way. You get regulated advice, so after answering a few questions you get a portfolio that matches your needs. You can't pick your own shares or funds so you get one of their own-brand 'ready meals' only.
Still relatively new in the UK, this group started life in Italy and they are gaining traction here. Charges start at 1%, so £10 per year for a £1,000 portfolio.
New robo-adviser, also serving customers in Italy
£1 minimum investment
|12 month indicative performance:||
A medium risk portfolio returned 5.9% in 2017, after charges.