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
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.
Pros
- Expert advice from professionals
- Low minimum deposit of £1
- Very low account fees from 0.2%
Cons
- No bond investing
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Pricing
(4.5)
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Market Access
(4)
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Online Platform
(3.5)
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Customer Service
(4.5)
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Research & Analysis
(4.5)
Overall
4.2- Expert opinion: Bestinvest reviewed & rated
