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Bestinvest Review

as of 01/09/2020 at 10:48 am

Holly's View

Easy to use and engaging information. Bestinvest has spent time and effort on their fund research pages and the revised journey enables improved comparison as well as helpful, well-signposted investment details and information. The service is steadily improving. 0.4% a year for ISA charges is at the high end and relatively expensive without any clear differentiation or obvious reason as to why this is worth it.

Our Rating

Recommended For

Confident Investor

In a nutshell

Wide range of investments

Decent fund research

Good all-rounder

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What to Expect

Investment Choice

Products

Stocks and Shares ISA

Junior ISA

Investment Account

Pension

Investments available

Own brand funds

Funds from other groups

Stocks and shares

Investment help

Robo advice / ready-made portfolios

Includes a shortlist of investments

Pick your own funds

Pick your own shares

The 'Geeky' Details

Provider details

Bestinvest is a decent online investment platform which offers OK ISA and pension options. The website has plenty of guides and investment research available once you're in. It also has a range of ready-made portfolios and pre-packaged investment choices, as well as funds from loads of groups and individual company shares. 
 
There’s a fair bit of technical information and fund research, so it’s more likely to suit those that are more experienced. 
 
The platform has several own-brand multi-asset funds available in both passive and active options. Confusingly called the IFSL Tilney range. The charges for these active options are broadly in line with (equally pricey) comparable industry alternatives and range from 1.47% to 1.54%. It is hard to think why an investor choosing a passive multi-asset option, with the platform fee on top, would be well advised to pick this route to market.  
 
With a fee of 0.4% for ISAs, it’s slightly pricey for smaller portfolios. However, there are no fund dealing charges, so for investors putting small amounts into a few different funds on a monthly basis it is pretty low cost. 

Important Facts & Figures

Provider Size:

Mid-sized investment platform administering around £3b. Owned by Tilney Group who are established in the investment management industry.

Minimum amounts:
£50 for most funds

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