Chip review

The ongoing cost is a management fee of 0.25%. For context, Vivid Standard lists 0.5% to 1.5% and eToro lists 0%. On the site's ranking, Chip sits at 18 of 49 brands by management fee, and the robo-advisor median is 0.35%.

The firm behind Chip is Chip Financial Group Ltd, authorised and regulated by the Financial Conduct Authority in the UK. Its stated protection is FSCS up to GBP 85,000. That is the cover quoted for balances held in the ISA and SIPP accounts listed as isa and sipp.

isa and sipp are the account types offered, so you can hold the robo-managed portfolio in a tax wrapper or a pension wrapper. Portfolios are built from etf, esg and cash holdings rather than single shares you pick and trade yourself.

The building blocks are etf, esg and cash, covering exchange traded funds alongside ESG, cash and crypto holdings. Across the site, 87.5% brands offer ETF portfolios while 26.3% offer crypto, so funds are the mainstream choice in this category.

Support runs on email, help centre and community, so questions are handled by email, through the help centre and via the community rather than a phone line. If you hold a large balance and want to talk to someone directly, that is worth checking first. The account is held with Chip Financial Group Ltd.

Chip suits people who would rather not choose investments themselves. The management fee of 0.25% is the ongoing cost, and the firm is authorised by the Financial Conduct Authority. For context, the median retail loss across the site is 70.15%, with the upper quartile at 74.5%.

Chip charges 0.25% in management fees. Vivid Standard lists 0.5% to 1.5% and eToro lists 0%, so the ongoing charge sits at the low end here. On protection, Chip names FSCS up to GBP 85,000 through the Financial Conduct Authority, while Axos Invest is listed with SIPC.