Wealthify General Investment Account Review: Start Investing From £1
Account: Wealthify General Investment Account
Description: Wealthify is a robo-advisor that lets you invest in a portfolio of investments from the UK and overseas or you can choose an ethical investment plan made from a blend of environmentally and socially responsible investments. Capital is at risk.
Capital at risk.
Is Wealthify’s GIA a Good Account?
Wealthify, part of the Aviva Group, uses automation to create a portfolio suited to your risk appetite. You can opt for an original portfolio of investments from the UK and abroad, or choose an ethical plan.
As with all platforms authorised by the FCA, if Wealthify were to go bust, your funds would be protected by the Financial Services Compensation Scheme (FSCS) up to £85,000.
Fees
It costs 0.6% to start investing with Wealthify, which is one of the cheapest robo-advisor GIA fees. There are also investment costs of, on average, 0.16% for original plans and 0.7% for ethical plans.
Special Offer
If you open a Wealthify investment plan and pay no management fees for 12 months. This Offer ends 30th June 2025. This offer is available for General Investment Account, Stocks and Shares ISA, Junior Stocks and Shares ISA and Pensions only. New customers only.
What is Wealthify’s Platform Like to Use?
Wealthify’s investment platform lets you fine-tune your portfolio based on risk, and shows you good visuals of what it may be worth in the future.
The user interface is slick, offering you options for setting investment amounts, monthly investment amount and your investment style, as shown below.
Pros
- Managed portfolios
- Low minimum deposit of £1
- Low account fee of 0.6%
Cons
- Cannot trade individual shares or ETFs
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Excellent
(5)
Overall
5- Expert opinion: Wealthify reviewed & rated
