as of 11/06/2020 at 11:21 am
evestor is a simple robo-adviser which offers three products, with a selection of three risk portfolios; low, medium and high. 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 0.49% 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.
£1 minimum investment
"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"
30/07/2019Read our reply