Wealthify
Pros
- Simple flat 0.6% annual management fee
- No deposit, withdrawal or transfer fees
- Five risk-tiered portfolios from Cautious to Adventurous
- Ethical investment plans available at each risk level
- FCA regulated and FSCS protected up to ยฃ85,000
- Backed by Aviva, a major UK insurer
- Instant Access Savings Account and Cash ISA also available
- Mobile app rated 4.5 out of 5 on Apple App Store
Cons
- No self-directed stock or ETF picking
- No Lifetime ISA
- Minimum ยฃ1,000 to open an ISA, pension or general account
- Ethical Plans carry higher underlying fund costs (around 0.58% p.a.)
- No demo account
- Limited investment research and educational resources
- Withdrawal processing for investment accounts takes up to 10 working days