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UBS SmartWealth Review

as of 10/09/2018 at 3:00 pm

Holly's View

This was a new robo service from the ultimate home of Swiss banking poshness - and as of 29/8/18, closed to new customers. Users were guided into a portfolio by a range of questions so it was low maintenance and suitable for beginners. It was also hot on security and compliance so users were in safe hands but that came with more (digital) 'paperwork' and questions. With £15,000 minimums, it was “reassuringly” expensive. Fees a bit higher than average too.

Our Rating

Recommended For

Beginner Investor

In a nutshell

Pre-packaged portfolios

£15,000 minimum investment

Regulated advice

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Your overall rating

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What to Expect

Investment Choice

Products

Stocks and Shares ISA

Investment Account

Investments available

Own brand funds

Chosen for you

Investment help

Robo advice / ready-made portfolios

The 'Geeky' Details

Provider details

This is a really new investment offering from the Swiss bank. The minimum investment amount is £15k. That’s high compared to other groups we look at, but low for UBS, which usually provides financial advice and wealth management for those with millions rather than thousands!

The platform does offer regulated advice. Rather than picking your own individual funds and shares, you answer a series of questions about your financial situation and how much risk you can take before you’re offered a portfolio to suit you. One thing we really like about them is that they are quite forthright about who shouldn’t be investing. If you’re not in it for the long term or you can’t stomach the loss they will tell you so and won’t let you invest.

Total costs range from 1.12% to 1.29% for a passive portfolio; and 1.35% to 1.93% for an actively managed portfolio, where all the underlying investments are managed by human beings.

We don't have an account with UBS, so haven't yet been able to give them a Boring Money 'We Say' score.

Important Facts & Figures

Provider Size:

New robo-adviser from the major Swiss bank

Minimum amounts:
£15000 minimum initial amount
12 month indicative performance:

A medium risk fund returned 11.8% in 2017, after charges.

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