as of 20/11/2018 at 9:11 am
The biggest of the UK 'robo advisers' with over £1bn under management today. Suits people who don't know where to start or who are not interested in managing their investments on an ongoing basis.
You choose between 10 different options according to your financial situation and attitudes and get plopped into a ready-made portfolio of lots of different investments from across the globe. You can only use their portfolios – you can’t pick your own funds or shares.
You can either choose their low cost automated 'fixed allocation portfolios' or pay a bit more if you'd like their team to manage your investments in a more hands-on way. Either way, it's not an expensive option – the managed portfolios cost around 0.94% per year, or £9.50 on every £1,000.
A nice digital option which will suit busy people on-the-go. With 5 years under their belt, by far the most experienced of the UK 'robo advisers'.
The largest UK robo-adviser, with over £1bn invested
|Minimum amounts:||£500 minimum initial amount for an ISA or investment account – if you have less than £5,000 you also need regular investment of £100 per month to set up
£5000 for a pension
|12 month indicative performance:||
A medium risk portfolio returned 7.0% in 2017, after charges.