Yes, AJ Bell is a good option for Junior SIPPs (if you already have an account with them). However, it is not as cheap as Hargreaves Lansdown, who have just reduced the fees for children’s investing accounts. You can also get a free junior SIPP with interactive investor when you pay for your own dealing account.
AJ Bell Junior SIPP
Product Name: AJ Bell Junior SIPP
Product Description: AJ Bell is the cheapest Junior SIPP account we cover. With this Junior SIPP, you can invest in UK shares, international shares, investment funds, investment trusts, ETFs, and bonds. There is also a regular investment service that allows you to make regular investments from £25 per month cost-efficiently.
Capital at risk.
IS AJ Bell's Junior SIPP any good?
Yes, AJ Bell charges 0.25% for a Junior SIPP. 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
Pros
- Very low account cost of 0.25%*
- Wide range of investments
Cons
- High minimum deposit of £500
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Pricing
(4.5)
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Market Access
(5)
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Online Platform
(4.5)
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Customer Service
(4.5)
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Research & Analysis
(4.5)
Overall
4.6- Expert opinion: AJ Bell reviewed & rated