Is Bestinvest’s general investment account any good?

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I'd say the best thing about Bestinvest's GIA is the added value. Market access is a bit limited, but you can get advice on what to invest in as and when you need it (at a cost).
Bestinvest's GIA has recently launched a series of low-cost ready-made portfolios. You can also buy individual shares, funds and trusts. Bestinvest’s investment platform h...

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I’d say the best thing about Bestinvest’s GIA is the added value. Market access is a bit limited, but you can get advice on what to invest in as and when you need it (at a cost).

Bestinvest General Investment Account Review
Bestinvest

Name: Bestinvest General Investment Account

Description: Bestinvest's GIA has recently launched a series of low-cost ready-made portfolios. You can also buy individual shares, funds and trusts. Bestinvest’s investment platform has combined low-cost online investing and share dealing with personalised expert advice to help clients choose suitable investments for their portfolios. A good choice for investors who want to talk to an actual human when investing, rather than doing everything online themselves.
Capital at risk.

Summary

  • Investments: Shares, ETFs, funds
  • Minimum deposit: £1
  • Account types: GIA, ISA, SIPP, JISA, JSIPP
  • Account charge: 0.2% to 0.4%
  • Dealing fee: Shares £4.95, funds £0

Fees: 

Bestinvest general account fees start at 0.2% a year for smart ready-made portoflios, which makes them one of the cheapest managed investment accounts. If you have more than £500,000 in your account, it reduces to 0.1%. For other investments, like bonds, shares and expert-managed portfolios, the account fee is 0.4% up to £250k. Dealing commissions £4.95 per online share trade, fund dealing is free.

For investment advice, Bestinvest will give you a full portfolio health check for £495, which includes advice on your individual holdings, and suggestions for new or alternative investments.  There is also a more basic investment advice  package priced at £295 where you speak to an advise who will send a report advising on a ready-made portfolio and some suggestions for creating your own portfolio.

Investing Platform:

Bestinvest’s investment platform is very simple to use and lets you connect with an investment advisor via video chat.

Bestinvest GIA Platform

Pros

  • Expert advice from professionals
  • Low minimum deposit of £1
  • Very low account fees from 0.2%

Cons

  • No bond investing
  • Pricing
    (4.5)
  • Market Access
    (4)
  • Online Platform
    (3.5)
  • Customer Service
    (4.5)
  • Research & Analysis
    (4.5)
Overall
4.2
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