Yes, AJ Bell’s general investing account is one of the cheapest and safest ways to invest outside your tax-free allowance (SIPPs & ISAs) for longer-term investors in the UK.
AJ Bell General Investing Account Review
Name: AJ Bell General Investing AccountÂ
Description: AJ Bell's GIA is most suited to investors who are price sensitive and want the cheapest overall investment platform for starting to grow a small investment portfolio. AJ Bell offers share dealing in over 24 stock markets, bonds, ETFs and over 2,000 funds (of which around 500 are investment trusts), including a range of the company’s own funds that have been created in-house so you can invest by how much risk you want to take, or by theme or region.
Capital at risk
Summary
- Investments:Â Shares, ETFs, bonds & funds
- Minimum deposit: £500
- Account types:Â GIA, ISA, SIPP, JISA, JISA, JSIPP
- Account charge:Â 0.25% annual charge
- Dealing fee: Shares £4.95 – £9.95, funds £1.50
Fees:
AJ Bell charges 0.25% of the value of your for a general investment account, but share account fees are capped at £3.50 a month. Dealing costs are £1.50 for funds and £9.95 for shares but drop to £4.95 where there were 10 or more online share deals in the previous month.
Special Offers:
- Recommend a friend, and you’ll both get £100 gift vouchers – When you recommend a friend to AJ Bell who invests more than £10,000 in a SIPP or ISA, you and your friend can get One4All gift vouchers worth £100.
- Switch your share dealing account and receive up to £500 to cover exit fees – If you transfer your share dealing general investment account valued at more than £20,000 to AJ Bell they will help cover any exit fees charged by your current provider. They will cover £35 per investment moved and up to £100 for general exit fees, up to an overall maximum of £500 per person.
- Free subscription to Shares Magazine worth £220
Get a free subscription to Shares (worth over £220 per year) by maintaining a balance of £4,000 or more across your AJ Bell investing accounts.
Investing Platform:Â
AJ Bell’s investment platform is functional and well laid out. Key share and fund information is available to view at the time of execution.
Pros
- Pick your own shares, funds and bonds or use their investing ideas
- Low account fees capped at £3.50 a month for shares
- Lots of accounts types
Cons
- High phone dealing charges
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Pricing
(4.5)
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Market Access
(4.5)
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Online Platform
(4)
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Customer Service
(4)
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Research & Analysis
(4)
Overall
4.2- Expert opinion: AJ Bell reviewed & rated