Guide

Clara's best Robo Advisors.

What is a robo advisor?

A robo advisor is a platform that makes auto investments for you or on your behalf, it does this by weighing your risk appetite (do you want to take a risk and invest in less certain stocks like newer tech stocks or biotech stocks or stick to larger more stable stocks.) 

Once you set your risk appetite and how much to invest the platform will invest in based on an algorithm that takes market data and allocates your money when it sees the best opportunity to do so. So you can walk away from making investments entirely.


What is the best robo advisor UK?

This a very tough question because it can be like comparing apples to oranges. The reason being each different robo advisor builds their investment strategy around your risk appetite and your interests.

So each robo will take a mix of high risk stocks and low risk stocks, commodities and bonds and make auto investments.

However there are a few will regarded Robo's like Nutmeg, eToro and Moneyfarm which are well trusted platforms. To see how they compare in detail check out the full list of UK Robo Advisors.

Online wealth market reviews

Be aware of the Online Wealth Market adds, people often searching for Robo Advisors come across these adds, and the platform and the site is a scam! 
Account Minimum
0 GBP
Tax Loss Harvesting
Yes
Platform
mobile and desktop
Cash Management Account
Yes
Human Advisor Available
Yes
Financial Planning Tools
Yes
Minimum Fee
0.4%
Maximum Fee
0.5%
Investment Vehicles
ETFs and Stocks
Investment Expense Ratio Minimum
0.09%
Socially Responsible Investing
Yes
Investment Expense Ratio Maximum
0.12%

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Wealthsimple offers individual savings accounts in their automatic investing platform with no trading, account transfer, or rebalancing fees. There is a zero account minimum and investment management fees start at 0.40% on the assets under management. Portfolios consist of diversified selection of low-cost exchange-traded funds (ETFs) and individual stocks. All customers will have access to human advisors, automatic rebalancing, tax-strategies, and socially responsible investment options.

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Account Minimum
1 GBP
Platform
mobile and desktop
Annual Flat Fee Maximum
12 GBP
Financial Planning Tools
Yes
Minimum Fee
0.45%
Maximum Fee
0.45%
Automatic Rebalancing
Yes
Investment Vehicles
Mutual Funds
Investment Expense Ratio Minimum
0.12%
Socially Responsible Investing
Yes
Investment Expense Ratio Maximum
0.3%

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Moneybox is a robo advisor mobile app that let’s you invest with spare change by rounding up everyday purchases to the nearest pound. Within an individual savings account, Investors can choose between five low-cost index tracking mutual funds, and socially responsible funds, depending on their level of risk. You can open an account with only £1 and fees are 0.45% of the assets under management.

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Account Minimum
5,000 GBP
Tax Loss Harvesting
Yes
Platform
mobile and desktop
Human Advisor Available
Yes
Financial Planning Tools
Yes
Minimum Fee
0.5%
Automatic Rebalancing
Yes
Investment Vehicles
ETFs
Investment Expense Ratio Minimum
0.14%
Investment Expense Ratio Maximum
0.18%

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FutureAdvisor by BlackRock is an online robo advisor that automatically manages your investments. FutureAdvisors creates a personalized portfolio and invests your deposits into exchange-traded funds (ETFs) based on your personal profile that takes into account different risk measures. Their service features tax-loss harvesting, account rebalancing, and 401k guidance. There is a $5,000 account minimum and a 0.5% fee on the assets under management.

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Platform
desktop
Human Advisor Available
Yes
Notes
Transaction costs of 0.07%
Minimum Fee
0%
Maximum Fee
0.5%
Automatic Rebalancing
Yes
Investment Vehicles
ETFs
Investment Expense Ratio Minimum
0.1%
Investment Expense Ratio Maximum
0.15%

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IG Smart Portfolios offers general investment accounts consisting of ready-made, diversified managed portfolios of exchange-traded funds (ETFs) for a 0.50% fee and is capped at £250 a year. Funds are allocated into one of five portfolios that suit your risk appetite and investment needs.

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Account Minimum
5,000 GBP
Platform
desktop
Human Advisor Available
Yes
Notes
Must be a part of the Netwealth network in order to receive minimum amount of 5,000 GBP
Financial Planning Tools
Yes
Minimum Fee
0.35%
Maximum Fee
0.65%
Investment Vehicles
ETFs
Investment Expense Ratio Minimum
0.2%
Investment Expense Ratio Maximum
0.2%

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NetWealth allows clients to utilize their online planning tools to open a general investment account and create portfolios to achieve their financial goals. Portfolios are created using exchange-traded funds (ETFs). Investors will also have access to professional advisers providing a comprehensive service. There is a minimum initial contribution of £5,000 and fees range from 0.35% to 0.65%.

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Account Minimum
1,000 GBP
Platform
desktop
Human Advisor Available
Yes
Notes
Initial investment charge of 0.25%
Minimum Fee
0.75%
Maximum Fee
0.75%
Automatic Rebalancing
Yes
Investment Vehicles
ETFs
Investment Expense Ratio Minimum
0.14%
Investment Expense Ratio Maximum
0.22%

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Wealth Horizon’s Simplified Advice provides investment services that create balanced portfolios of investments tailored for you in less than 30 minutes. After answering questions regarding your finances and attitudes towards money, Wealth Horizon determines a portfolio that’s in line with your risk tolerance. Fees are 0.75% with a minimum initial investment of £1,000.

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