Robo Advisors – Any Good Ones Yet?

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4 Responses

  1. Avatar Drgandalf says:

    What about wealthify?

    • Mike Rawson Mike Rawson says:

      Wealthify launched after I wrote the post. Does it have any advantages over, say, Nutmeg?

      – Looks like passive funds (OEICs) rather than ETFs, but fees are 0.5% to 0.7%, plus an average of 0.28% for the underlying funds – so 0.8% to 1.0% in total.
      – The asset mix looks a bit better than Nutmeg, but there isn’t too much information on the website.

      Still looks like significantly higher costs than DIY for not much.

      Are you a Wealthify customer?

      • Avatar Hussain says:

        Not yet. Contemplating it over nutmeg given an ‘easier’ option than DIY.

        • Mike Rawson Mike Rawson says:

          Well if you do decide to go ahead, please report back on your experiences.

          I’m very interested in robo-advisors – I just think that they aren’t cheap or flexible enough at the moment.

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Robo Advisors – Any Good Ones Yet?

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