Quantcast

evestor Review

as of 24/01/2020 at 2:22 pm

Holly's View

Evestor is for DIY investors who don’t need advice – customers have a relatively easy digital journey which will allocate them into one of three ‘ready made’ investment portfolios for ISAs or a pension. Costs are relatively low and you can get going from just £1.

Our Rating

Recommended For

Beginner Investor

In a nutshell

Low cost

Good on mobile

Simple investment choice

You Say

Your overall rating

Based on 6 reviews

Leave your review Have Your Say
View all reviews

What to Expect

Investment Choice

Products

Stocks and Shares ISA

Investment Account

Pension

Investments available

Chosen for you

Investment help

Robo advice / ready-made portfolios

The 'Geeky' Details

Provider details

Evestor is a new robo-adviser – rather than picking your own investments, you answer a few questions and they pick a portfolio for you. This means that you’re not able to pick and choose your own funds and company shares – it’s all managed for you. Our user testing showed that not being able to see the investments before signing up was a big off put.

Charges are very cheap at 0.52% per year, including management and investments. And you can invest from as little as £1.

The website and app are also a bit more novice-friendly than most, so more suitable for the less experienced (and those that want someone else to do the leg work for them). If you’re interested in low cost advice, it might be worth having a look at their sister firm OpenMoney.

Important Facts & Figures

Provider Size:

New robo-adviser

Minimum amounts:
£1 minimum investment
12 month indicative performance:

A medium risk portfolio returned 9.2% in 2017, after charges.

Your Questions

"Hello! I'm looking to start investing and after lots of research I'm torn between Evestor and Vanguard Lifestrategy as they both have low fees and passive investing. I understand Vanguard is more established with a traditional platform, while Evestor is newer to the market with a simple easy to use platform. The entry requirements are much higher for Vanguard (£500 upfront and £100/month) while Evestor starts at £1. Is there any benefit of stretching my investment to use the Vanguard fund? Also do you know with Vanguard if I miss a monthly payment, will I be charged? I know this is possible with Evestor to stop a direct debit, however I'm not sure what the consequences (if any) would be of missing a payment with Vanguard. Many thanks, Charlie"

Charlie, UK

30/07/2019

Read our reply

If you like this provider, we think you might like


You Say

We Say


The Detail

You Say

We Say


The Detail

Sign up for Holly's blog

Stay up to date

Our free weekly blog with Holly's
no-nonsense opinions, tips & food for thought.
If you change your mind, you can unsubscribe at any time. We'll never share your details and you can unsubscribe any time.