3 best stocks and shares ISAs if you want something for beginners
22 Jan, 2022
You're eager to put some money aside but the thought of opening a stocks and shares ISA sounds a bit scary.
If that's you, you're not alone!
Like many people, you find investing a bit daunting - especially all that intimidating jargon like 'shorting' and 'liquidity'. The good news is that you don't really need to know all this stuff in this day and age; your provider can do all the hard work for you.
So here are the 3 best ISAs if you're new to investing.
Claro is an interesting new digital ISA which offers a session with a financial coach to help you get started.
Nutmeg
Nutmeg is an online investment management company owned by JPMorgan Chase.
Nutmeg is the oldest so-called 'robo adviser' in town and offers ready-made portfolios along with tools to guide you into the right option for you. Fairly priced. Good app.
Here's our summary of Nutmeg
You can also visit our provider review page for more analysis and geeky details.
Why open a Stocks and Shares ISA with Nutmeg?
You're looking for pre-packaged investments with a leading robo adviser
- You want a good mix of Socially Responsible Investment options
- You like using interactive charts and tools to monitor your investments
How much will it cost me to invest £1,000 in a stocks and shares ISA with Nutmeg?
According to our pricing calculator, £1,000 invested in a Nutmeg fixed allocation stocks and shares ISA would cost you £1.90 a year.
Wealthify
Wealthify is an online investment service that is part of the Aviva group and is headquartered in south Wales.
Wealthify is a nice easy starter ISA for people who aren't confident, don't really know what they're doing, but want a simple, low-cost way to get started.
Here's our summary of Wealthify
You can also visit our provider review page for more analysis and geeky details.
Why open a Stocks and Shares ISA with Wealthify?
- You need simplicity and jargon-free guidance
- You want a clear view of what you'll be investing in before you commit
- You don't want to pick your own funds and shares
How much will it cost me to invest £1,000 in a stocks and shares ISA with Wealthify?
According to our pricing calculator, £1,000 invested into a Wealthify Robo stocks and shares ISA would cost you £7.60 a year (including admin fees and underlying investment fees).
