evestor Review

They're certainly cheap, but the service you get reflects that. When I signed up, I received an email with not so friendly tone asking why I didn't sign the electronic form, when it was impossible to submit the form without a signature. Performance has been average, compared to competitors, and I've decided to take my very modest pension pot elsewhere. Interestingly, evestor does not use electronic systems to transfer the pension out (when it did so to accept money coming in) so the process has been excruciatingly slow. Can't wait for the transfer to be over!

07/06/2020

Walking away from them - no idea if where my money is going before committing to investing. Unbelievable - do they think you will invest without even knowing the funds selected??? Crazy - going to nutmeg which is more transparent and I know what they invest in!!!!

01/03/2020

I decided to test this site. I deposited £100 by direct debit. This will not actually appear in my account until a month after I deposited it. The explanation I was given (chat on file) was that I set the payment up on the 6th January. When setting up a payment it takes 5 working days for the mandate to be set up with your bank. Because of this, it missed the collection date for the 15th which meant the next available date for the money to be taken on the 22nd. (weekly collection dates only?). The rest of the delay is for Evestor to process the money. Low fees, slow service?

26/01/2020

Very low fee compared to other robo advisors, similar check to determine your risk appetite before selecting the investment fund. Website and app can be improved to show the fund valuation over time, also the time it takes for money to be received in is still quite long.

21/08/2019

Great value option for those starting out with little money. Website is easy to use albeit limited portfolios.

25/05/2019

Really easy to setup. I was nervous about using an online service, as I'm not particularly great with computers, but I only had one question which the Webchat team gave me the answer to straight away. I've been investing with Evestor for a while and really like how easy it is to see exactly how much I have saved up.

15/02/2019

In my personal experience it is easy to put your money in to an Evestor pot but a nightmare if you want to get your money back. An ISA transfer request took over a month. They use cheques to transfer money rather than electronic fund transfer - I suspect that this is just an excuse to keep hold of your money a bit longer. When you or a new provider eventually get the cheque and try and cash it, the cheque is then refused by the issuing bank and you have to wait even longer while Evestor “investigate” what the problem is. Avoid like the plague.

01/09/2018

Easy to set up, returns look OK. Terrible app, slow to update and sparse detail.

30/01/2018