as of 14/08/2018 at 1:05 pm
Wealthify is a new-ish robo-adviser, that lets you invest as little as £1. Aviva recently bought a majority stake, so it has a big household name as a shareholder. Our testing shows that this really appeals to people who are fed up with the status quo and want to see something a bit different.
Investors are asked about their goal (they can select from a list, or choose freely), how much they want to invest upfront, how long for and whether they want to invest monthly. There are five different investment portfolios spread around the world and amongst different sorts of investments – you don't pick your own funds and shares.
Cost is around 0.9% per year, including Wealthify's fee and the cost of the underlying investments.
New robo-adviser, though Aviva has just bought a big stake
|Minimum amounts:||£1 minimum monthly amount
£1 minimum initial amount
|12 month indicative performance:||
A medium risk portfolio returned 6.5% in 2017, after charges.
"Do you have any recommendations for books that I can buy my 18 year old daughter for Xmas on the subject of pensions and investments so she can start to understand the subjects? She's young I know but I would like to get her started. Many thanks!"
15/11/2018Read our reply