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Wealthify

1.8
#13 of 18 Junior Stocks & Shares ISAs #17 of 30 SIPPs #40 of 47 Stocks & Shares ISAs
Website Fees Review

Overview

Wealthify is a UK-based digital investment platform owned by Aviva that offers automated investment management services. The platform provides ready-made investment portfolios tailored to different risk levels and investment goals, including ethical investment options. Known for its straightforward approach, Wealthify handles all investment decisions and portfolio rebalancing whilst allowing customers to track their investments through a user-friendly app.

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Wealthify Offers

Wealthify welcome bonus

We're not aware of a welcome bonus for Wealthify at this time.
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Wealthify Fees & Review

Portfolio size (for fee calculations)

  • Stocks & Shares ISA
  • SIPP
  • Cash ISA
  • Junior Stocks & Shares ISA

Stocks & Shares ISA

Fi Score rankingWhere this ISA ranks compared to other ISAs based on Fi Score 40

Fi Fee (£10k balance)(£100k balance)(£500k balance)Our unique calculation for comparable fees across brokers for each account type, based on a 10k100k500k portfolio. Your fees may vary. £60

ISA fee notes The Wealthify Stocks and Shares ISA has an annual platform fee of 0.6%, it's uncapped and cannot be made cheaper. Wealthify only offers a small selection of ready-made portfolios. The average stated ongoing costs are 0.16% for Original plans and 0.7% for Ethical plans.

Minimum account chargeThe minimum amount you need to pay for this Stocks & Shares ISA, excluding account fee reductions or discounts. £0

FX feeThe currency conversion fee when purchasing investments that aren't listed in GBP (£). N/A

In-specie transfersDoes the broker support the transfer of investments? No

ETFs

Account fee on ETFsThe account fee you'll pay when investing in ETFs. N/A

ETF account fee capThe maximum amount you'll pay in account fees when investing in ETFs. N/A

ETF trading feeThe amount you'll pay to invest in an ETF in this ISA, excluding trading volume discounts. N/A

ETF regular investing feeThe amount you'll pay to invest in ETFs when using an ongoing regular investment. N/A

Mutual funds

Account fee on fundsThe account fee you'll pay when investing in mutual funds. 0.60%

Fund fee capThe maximum amount you'll pay in account fees when investing in mutual funds. Uncapped

Fund trading feeThe amount you'll pay to invest in a mutual fund in this ISA, excluding trading volume discounts. £0

Fund regular investing feeThe amount you'll pay to invest in mutual funds when using an ongoing regular investment. N/A

Shares

Share trading feeThe amount you'll pay to invest in company shares, excluding trading volume discounts. N/A

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The Wealthify Stocks & Shares ISA allows investors to select ready-made portfolios in mutual funds, offering fractional shares so investors can invest for less money – without having to buy whole units. You're also able to opt for a professionally-managed option. This ISA doesn't offer individual shares, ETFs, commodities, or money market funds.

As this is a flexible ISA, you can withdraw and redeposit in the same tax year without affecting your annual ISA limit.

In-specie transfers aren't supported, meaning you'd have to convert investments into cash to transfer elsewhere.

Wealthify ranks joint-32nd by Fi Fee for small investors (£10,000 portfolios), and they drop down to joint-42nd for large portfolios (balances of £500,000). To invest, you’ll need a minimum lump sum deposit of £500.

The Wealthify Stocks and Shares ISA has an annual platform fee of 0.6%, it's uncapped and cannot be made cheaper. Wealthify only offers a small selection of ready-made portfolios. The average stated ongoing costs are 0.16% for Original plans and 0.7% for Ethical plans.

SIPP

Fi Score rankingWhere this SIPP ranks compared to other personal pensions based on Fi Score 17

Fi Fee (£10k balance)(£100k balance)(£500k balance)Our unique calculation for comparable fees across brokers for each account type, based on a 10k100k500k portfolio. Your fees may vary. £60

SIPP fee notes For the Wealthify SIPP, the platform fee is 0.6% up to £100,000 balance, then drops to 0.3% on amounts over £100k. You can only invest in Wealthify's managed portfolios and the average stated ongoing fees are 0.16% for Original plans and 0.7% for Ethical plans. There's a £500 minimum initial investment and then at least £50 each time afterwards.

Minimum account chargeThe minimum amount you need to pay for this SIPP, excluding account fee reductions or discounts. £0

FX feeThe currency conversion fee when purchasing investments that aren't listed in GBP (£). N/A

In-specie transfersDoes this SIPP support the transfer of investments? No

ETFs

Account fee on ETFsThe account fee you'll pay when investing in ETFs. N/A

ETF account fee capThe maximum amount you'll pay in account fees when investing in ETFs. N/A

ETF trading feeThe amount you'll pay to invest in an ETF in this SIPP, excluding trading volume discounts. N/A

ETF regular investing feeThe amount you'll pay to invest in ETFs when using an ongoing regular investment. N/A

Mutual funds

Account fee on fundsThe account fee you'll pay when investing in mutual funds. 0.60%

Fund fee capThe maximum amount you'll pay in account fees when investing in mutual funds. Uncapped

Fund trading feeThe amount you'll pay to invest in a mutual fund in this SIPP, excluding trading volume discounts. £0

Shares

Share trading feeThe amount you'll pay to invest in company shares in this SIPP, excluding trading volume discounts. N/A

SIPP features

Employer contributionsDoes this SIPP allow contributions from your employer? No

Director depositsDoes this SIPP allow company directors to deposit company funds? No

DrawdownDoes this SIPP support drawdown? Yes

Wealthify's SIPP provides access to pre-built portfolios and professionally-managed portfolios. You can invest into mutual funds. This SIPP doesn't offer stocks and shares, ETFs, commodities, or money market funds (MMFs).

Investors can't transfer their investments in-specie, meaning they must convert to cash prior to transferring to another provider.

Fractional shares are supported, meaning it's possible to invest every penny you deposit. You aren't required to buy whole units of each investment.

When it comes to a pension offering, this SIPP covers some of the major things you’d be looking for: drawdown is supported (you can start withdrawing your pension in retirement), but limited company directors can't deposit via their business (this tax efficiency is a big perk of a pension) and employers can't deposit into their employee's SIPP either.

Wealthify's SIPP ranks 21st by Fi Fee for small investors, and it drops down to 25th for bigger investors.

For the Wealthify SIPP, the platform fee is 0.6% up to £100,000 balance, then drops to 0.3% on amounts over £100k. You can only invest in Wealthify's managed portfolios and the average stated ongoing fees are 0.16% for Original plans and 0.7% for Ethical plans. There's a £500 minimum initial investment and then at least £50 each time afterwards.

Cash ISA

Interest rate (AER)The interest rate offered in their easy access (withdraw anytime) Cash ISA, or closest equivalent, at the time of our last update. 3.35%

Flexible?Can you withdraw and redeposit without affecting your annual ISA limit? Yes

Maximum withdrawalsThe most withdrawals you can make before it affects your interest rate Unlimited

Wealthify's cash ISA (easy access) offers a 3.35% interest rate to both new and existing customers. It’s a flexible cash ISA, allowing you to withdraw and redeposit in the same tax year without affecting your annual ISA limit.

There are no yearly limits to withdrawals, and you must maintain a minimum balance of £1. Interest is paid monthly.

This is the joint-1st ranked cash ISA on Financial Interest. and They rank 12th by interest rate for existing customers (with new customer promotional rates excluded). 20th with their short-term boosted rate for new customers

The Wealthify Cash ISA is powered by ClearBank, meaning this is where your cash is held.

Junior Stocks & Shares ISA

Fi Score rankingWhere does this account rank compared to other Junior Stocks & Shares ISAs on Financial Interest? 13

Fi Fee (£10k balance)(£100k balance)(£500k balance)Our unique calculation for comparable fees across brokers for each account type, based on a 10k100k500k portfolio. Your fees may vary. £60

Junior ISA fee notes You can invest in a Wealthify JISA from just £1 into one of its ready-made portfolios that you'll be matched with. The platform fee is a straightforward 0.6% for its JISA.

ETF trading feeThe amount you'll pay to invest in an ETF in this ISA. N/A

Fund trading feeThe amount you'll pay to invest in a mutual fund in this ISA. N/A

Share trading feeThe amount you'll pay to invest in company shares. N/A

Junior ISA account feesThe account fees you'll pay when investing inside a Junior ISA. 0.60%

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