Yes, if Wealthify were to go bust your funds are protected by the FSCS up to £80k and your portfolio can be moved to another general investment account.
Wealthify General Investment Account Review
Name: Wealthify General Investment Account
Description: Wealthify, part of the Aviva Group, lets you invest in either an original portfolio of investments from the UK and overseas or choose an ethical investment plan made from a blend of environmentally and socially responsible investments.
Capital at risk.
Summary
- Investments: Pre-made portfolios
- Minimum deposit: £1
- Account types: GIA, ISA, Pension
- Account charge: 0.6% annual charge
- Dealing fee: £0
Fees:
It costs 0.6% to start investing with Wealthify, which is one of the cheapest robo-advisor general investment account fees. There are also investment costs of on average 0.16% for original plans and 0.7% for ethical plans.
Special Offer:
- £50 when you refer a friend – You can get a unique link when you have a funded Wealthify account to use to recommend them to friends. To get the £50 bonus, your friend needs to invest at least £250 for three months.
Investing Platform:
Wealthify’s investment platform lets you fine-tune your portfolio based on risk, giving good visuals of what it may be worth in the future.
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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Pricing
(4.5)
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Market Access
(3.5)
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Online Platform
(4.5)
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Customer Service
(4.5)
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Research & Analysis
(4)
Overall
4.2- Expert opinion: Wealthify reviewed & rated