Octopus Money Customer Reviews
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Octopus Money Expert Rating
Octopus Money Offers Financial Coaching For Fixed Fee
Provider: Octopus Money
Verdict: Octopus Money starts with a free video chat to explain its service, costs, and build your financial profile. A personalised financial plan costs from £299, with one-to-one sessions focused on your goals and a clear, visual forecast of your finances, alongside practical next steps. For ongoing support, you can opt into regulated advice from around 1.15% all-in. This includes tailored investment and pension recommendations, portfolio management, and continued access to a financial adviser, helping you stay on track and adapt your plan as your circumstances change.
Summary
Pricing: The one off fixed coaching fee of £299 is a great way to get started. But if you want ongoing regulated investment advice 1.15% is inline with what traditional wealth managers charge for financial planning. If not, ongoing fees are 0.75% per year.
Market Access: You can invest in a pension, stocks and shares ISA or general investment account through 10 different Octopus Portfolios (graded by risk).
App & Platform: Both simple to use.
Customer Service: One of the key advantages of octopus money is access to experienced coaches and regulated advisors as and when you need them.
Research & Analysis: As with customer service, you get tailised guidence and advice based on your individual circumstances.
Pros
- Fixed fee advice
- Personal guidence
- Backed by Octopus
Cons
- Fees higher than DIY platforms
- More suitable for £200k portfolios
- Pricing (4.5)
- Market Access (4.5)
- App & Platform (4.5)
- Customer Service (5)
- Research & Analysis (5)
Overall
4.7