Bestinvest Customer Reviews
Tell us what you think of this provider.
5/5
Pros:
The new coaching service
Cons:
Add US shares – apparently coming soon
3/5
Pros:
NIL
Cons:
lower prices
4/5
Pros:
research
Cons:
make it easier for those who cannot access their account
5/5
Pros:
free investment coaching
Cons:
add US shares
5/5
Pros:
The fee coaching and ready made funds!
Cons:
visual recommendation of the stocks and shares graph
5/5
Pros:
New coaching service is excellent
Cons:
Add US equities
5/5
Pros:
the tutorials, and although I didn’t use, the curated portfolios seem excellent for a beginner
5/5
Pros:
Free financial coaching
Cons:
Introduce an app but that has just gone live
Capital at risk
Bestinvest Expert Review
For this Bestinvest review, I’ve interviewed the CEO (in the studio and over a lovely lunch at Cobette on Gresham Street) and put some trades and investments on the app and desktop platform.Β
Bestinvest Review: Excellent added value with advice and guidance
Name: Bestinvest
Description: Bestinvest is one of the most established investment platforms in the UK. Bestinvest was founded in 1986 and is now owned by Evelyn Partners (a financial services firm with Β£52 billion under management). Bestinvest primary offering is low-cost premade portfolios costing as little as 0.2% a year, fund investing and discount UK share dealing.
Is Bestinvest good for investing?
Yes, Bestinvest has combined low-cost online investing and share dealing with personalised expert advice to help clients choose the right investments for their portfolio. A good choice for large long-term investors who want a bit of added value from their broker.
Pricing: Bestinvest scores top marks for their low-cost ready-made portfolios and cheap dealing fees
Market Access: There is a huge range of UK and US shares, bonds and funds to invest in, although they are let down by not offering emerging markets
App & Platform: This could be a lot better, and the app is only a recent addition.
Customer Service: Bestinvest gives excellent personal service, although advice is charged on a flat fee basis
Research & Analysis: There is a really good coverage of funds with their ‘Spot the Dog’ report.
Pros
- Expert advice
- Lowest comparable costs
- Ready-made portfolios
Cons
- Basic data on platform
- App a bit clunky
- No hedging products
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Pricing
(5)
-
Market Access
(4)
-
Online Platform
(3)
-
Customer Service
(4.5)
-
Research & Analysis
(4.5)
Overall
4.2
Worst SIPP Funds Revealed By Provider Bestinvest’s Spot the Dog
Bestinvest has published its Spot the Dog report and it makes for uncomfortable reading for SIPP investors and fund managers alike. The latest Bestinvest Spot the Dog report reveals a rather worrying surge in the amount of assets βlocked upβ in underperforming investment funds, despite the total number of struggling funds holding steady rather than
Bestinvest wins Best SIPP Provider at the Good Money Guide Awards 2024
Bestinvest won Best SIPP Provider this year because they excel at providing advice and added value for long-term investors. They offer guidance to help individuals decide what to invest in for their retirement, making the process easier and more informed. ο»Ώ Richard BerryRichard is the founder of the Good Money Guide (formerly Good Broker Guide),
Bestinvest wins Best Junior SIPP at the Good Money Guide Awards 2024
Bestinvest won Best Junior SIPP for the added value they provide, including advice to help parents decide what to invest in for their childrenβs future Richard BerryRichard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades
Is Bestinvest’s general investment account any good?
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
How much can you pay into a Bestinvest Junior SIPP each year?
Bestinvest’s Junior SIPP lets you start investing up to Β£3,600 a year for your children’s retirement. At 18 it turns into a regular SIPP which they can manage themselves (or with your help). One of the key advantages of Bestinvest’s junior SIPP is that you can ask qualified investment experts for advice on what to
Is Bestinvests ISA any good?
Bestinvest offer some of the best interest rates on uninvested cash in a stocks and shares ISA. Current Bestinvest interest rates are over 4%. Bestinvest has combined low-cost online ISA investing and share dealing with personalised expert advice to help clients choose the right investments for their portfolio. A good choice for large long-term investors.
Oliver Plant Head of Bestinvest on how important the right type of advice and guidance is for investors
In our latest interview, we talk to Oliver Plant, head of Bestinvest. As the name suggests we rank Bestinvest as one of the best places to invest and as such they won βBest Added Value Investment Accountβ in our 2023 awards. They are in fact one of the few stock brokers left in the UK
Bestinvest add IPO access through partnership with PrimaryBid
Digital wealth manager Bestinvest has announced a new partnership which will allow customers of the firm to participate in IPOs and secondary offerings. Bestinvest IPO Investing Bestinvest has announced a new partnership with PrimaryBid which opens up the world of new issues to Bestinvest clients. Bestinvest was founded way back in 1986 so it’s perhaps
How many investment trusts are on Bestinvest?
You can invest in around 270 investment trusts on Bestinvest and as they are regulated by the FCA your funds are protected by the FSCS. Richard BerryRichard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades
Can you invest in OEIC on Bestinvest?
Yes, Bestinvest do not charge commission for buying or selling open-ended investment companies, but their annual account fee is slightly higher than other providers like AJ Bell (who do charge commssion). Richard BerryRichard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015.
Is Bestinvest a good platform for buying ETFs?
One of the best things about buying ETFs through Bestinvest is the ability to ask a financial coach or advisor which ones are the best ones for you to buy with their advice service. Picking the right investments can significantly make up for costing a little bit more, or not having as broad ETF universe
How are Bestinvest share dealing fees taken?
When you deal shares on Bestinvest you are charged commision after you trade. You also have to pay an annual account charge that is deducted monthly. Expert opinion: Bestinvest reviewed & rated Richard BerryRichard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in
Avoid bad funds with Bestinvest’s Spot the Dog list
If you want to invest in funds with Bestinvest, they have since 1994 produced a list of underperforming funds to avoid. It’s a great way to help you pick better funds to invest in if you have any in your portfolio. Available funds:Β 1,000 Fund account fee:Β 0.2% Fund dealing commission:Β Β£4.95 Minimum investment:Β Β£1 Fund Fees: BestinvestΒ charge a
Can you invest for your children with Bestinvest junior ISA?
Yes, with a Bestinvest Junior ISA you can invest upto Β£9,000 tax free in a JISA for your children for when they turn 18. One bonus here is that when they do turn 18 you can get them to talk to a financial advisor at Bestinves for some advice on what to invest it in,
Bestinvest wins best added value account at the 2023 Good Money Guide Awards
Bestinvest won best added value account in the GoodMoneyGuide 2023 awards as they are one of the only major investment platforms to offer both advice and guidance. Did you know that one of the worst things about investing online, is having to invest online… This is because investing is a fairly solitary activity. Gone are
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
You can contact Richard at richard@goodmoneyguide.com
