Wealthify General Investment Account Review
Is Wealthify’s GIA a Good Account?
Wealthify, part of the Aviva Group, uses automation to create a portfolio suited to your risk appetite. You can opt for an original portfolio of investments from the UK and abroad, or choose an ethical plan.
As with all platforms authorised by the Financial Conduct Authority (FCA), if Wealthify were to go bust, your funds would be protected by the Financial Services Compensation Scheme (FSCS) up to £85,000.
Fees
It costs 0.6% to start investing with Wealthify, which is one of the cheapest robo-advisor GIA fees. There are also investment costs of, on average, 0.16% for original plans and 0.7% for ethical plans.
What is Wealthify’s Platform Like to Use?
Wealthify’s investment platform lets you fine-tune your portfolio based on risk, and shows you good visuals of what it may be worth in the future.
The user interface is slick, offering you options for setting investment amounts, monthly investment amount and your investment style, as shown below.
Pros
- Managed portfolios
- Owned by Aviva
- Low account fee of 0.6%
Cons
- Can’t trade individual shares or ETFs
- £1,000 minimum deposit
- Excellent (5)
Overall
5- Expert opinion: Wealthify reviewed & rated
