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Independent, no-nonsense ratings and reviews
as of 27/08/2020 at 10:36 am
This was a new robo service from the ultimate home of Swiss banking poshness - and as of 29/8/18, closed to new customers. Users were guided into a portfolio by a range of questions so it was low maintenance and suitable for beginners. It was also hot on security and compliance so users were in safe hands but that came with more (digital) 'paperwork' and questions. With £15,000 minimums, it was “reassuringly” expensive. Fees a bit higher than average too.
We score each provider on about 20 different criteria including cost, service, website, functionality, customer feedback and our experience of the service. All overseen by our PhD gonk!
Beginner Investor
Pre-packaged portfolios
£15,000 minimum investment
Regulated advice
Don’t want to take our word for it? We ask existing customers and investors to rate their experience with the company – based on value for money, overall service and the website. We need at least 20 customer reviews before we add anyone to our Best Buys list.
Based on 1 reviews
Stocks and Shares ISA
Investment Account
Own brand funds
Chosen for you
Robo advice / ready-made portfolios
This is a really new investment offering from the Swiss bank. The minimum investment amount is £15k. That’s high compared to other groups we look at, but low for UBS, which usually provides financial advice and wealth management for those with millions rather than thousands!
The platform does offer regulated advice. Rather than picking your own individual funds and shares, you answer a series of questions about your financial situation and how much risk you can take before you’re offered a portfolio to suit you. One thing we really like about them is that they are quite forthright about who shouldn’t be investing. If you’re not in it for the long term or you can’t stomach the loss they will tell you so and won’t let you invest.
Total costs range from 1.12% to 1.29% for a passive portfolio; and 1.35% to 1.93% for an actively managed portfolio, where all the underlying investments are managed by human beings.
We don't have an account with UBS, so haven't yet been able to give them a Boring Money 'We Say' score.
| Provider Size: | New robo-adviser from the major Swiss bank |
| Minimum amounts: | £15000 minimum initial amount |
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