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AJ Bell Youinvest Review

as of 07/07/2020 at 1:48 pm

Holly's View

Clear and easy to use. The secure site has been gradually improving over the last 12 months as has the app, which is easy to navigate. Simple things such as using colour to help navigate different tax wrappers make a difference. The supporting research and market information is strong.

Our Rating

Recommended For

Beginner Investor

Confident Investor

In a nutshell

Low cost

Strong on pensions

Good research and content

You Say

Your overall rating

Based on 136 reviews

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What to Expect

Investment Choice

Products

Stocks and Shares ISA

Junior ISA

Lifetime ISA

Funds

Investment Account

Pension

Investments available

Own brand funds

Funds from other groups

Stocks and shares

Investment help

Robo advice / ready-made portfolios

Help building a portfolio

Includes a shortlist of investments

Pick your own funds

Pick your own shares

The 'Geeky' Details

Provider details

AJ Bell Youinvest is a low-cost option for people who are comfortable with investing. There are loads of investment options – including individual shares and funds. It’s therefore likely to confuse the less confident and it could take a while to wade through it all. It does have a range of low-cost all-in-one passive funds for those who want someone else to do the heavy lifting. 
 
Charges start off at 0.25% for the platform, excluding any fund charges. This tiers down for large portfolios and there’s a cap on shares. This tends to make them pretty low cost, whether you have a small or large portfolio containing shares or funds. There are fund and share dealing charges, so there are cheaper options available for those that regularly invest small amounts into multiple funds. 

Important Facts & Figures

Provider Size:

Large firm: manages £bns on behalf of investors and financial advisers

Minimum amounts: £25 minimum monthly amount
£500 minimum initial amount for third party funds. £1 minimum investment into AJ Bell passive funds.

Your Questions

"I'm a newbie investor looking for a SIPP. I see AJ Bell have low fees compared to Hargreaves Lansdown. Is it worth the lower fees even though there are exit charges, or pay the higher Hargreaves Lansdown charges, but have no exit fees?"

Andy, Hampshire

20/04/2020

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"I have £16k to invest, and now seems like a good time to invest it. I have put £4k into a cash LISA already this tax year (2019/20) but nothing into general ISAs. If time is a probably I can put the £16k into cash now and move to S&S later. My feeling is that it won't be a bad thing to invest in an S&S ISA now but it may be a better idea to drip feed from cash into funds/stocks over the coming year in case the long term Covid-19 effect coupled with hard Brexit means the markets drop further. I have a small investment in Moneybox and whilst it would be easy to keep all my investments in one place, they are telling me that to transfer from cash to S&S on their platform takes weeks... Do you know of any S&S ISA platforms where I can pay cash in, but drip feed to S&S relatively quickly? I'm not looking to trade per se, so a platform that can move in days rather than weeks would be fine. Any additional commentary/opinion you can provide on that strategy would be gratefully received. Thanks!"

Malti, London

29/03/2020

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"Financial services compensation: I have a SIPP and an ISA with AJ Bell Youinvest. Currently across them I have a portfolio of approx £123,000 of which £90,000 is in investments and the rest is in cash, which I am drip feeding into investments. I am already therefore over the £85,000 financial services compensation limit. Should I be worried? I am also about to inherit a sizeable sum and have a cash ISA of £70,000 to transfer to a Stocks and Shares ISA. Should I be setting up accounts with multiple platforms to be covered by the compensation scheme or is this not necessary? It would mean I would need 8 different providers if all were to be under £85,000 limit! Many thanks. Emma"

Emma, London

22/07/2019

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