It is fairly cautious with around 56% of the assets in low-risk investments such as cash and bonds while 40.23% is invested in equities. As an investor, it’s important to understand that stock markets have good periods and bad periods and that you shouldn’t panic at first sight of a bad period. Some people prefer to keep their money all in one pot, others will prefer to split it into separate savings pots - Wealthify lets you do either. Some people prefer to keep their money all in one pot, others will prefer to split it into separate savings pots - Wealthify lets you do either. You've already flagged this Reply from Wealthify. I’ve set up a Direct debit to invest regularly and looking forward to the results! I wish for a dark theme on the app and for them to expand into a Freetrade-style business. Now let us explain why we rebalance. Easy access Your money’s not locked away – withdraw your cash without any penalty. Instead of putting all your eggs in one basket and relying on one particular company to perform well, you spread your money across all of them, so that you benefit from their collective strength. Wealthify will help build a plan based on which investment style suits you, from cautious to adventurous. There’s always a risk with investing that you might not get back everything you put in. Wealthify has been a great investment management system so far. You should seek financial advice if you are unsure about investing. Your selections will exceed your annual ISA limit of £20,000. Overall Wealthify offers newcomers and experienced investors a way to invest without having to worry about what you’ll invest into. Here are the benchmarks we use for each of our five Investment Styles. Low risk Plans will contain a higher percentage of low-risk investments like bonds. There is risk associated with investing and you could get back less than you initially invest. Cash is a type of investment (or asset) itself. There are three types of changes that our Investment team make to your Plan: Here’s a quick guide to help you understand how each of these changes works and the type of situations each are used for. The value of your portfolio can go down as well as up and you could get back less than you put in. It charges 0.7% on investments up to £15,000, 0.6% on investments between £15,001 and £50,000, 0.5% on investments between £50,001 and £100,000 and 0.4% on investments over £100,000. Wealthsimple vs Wealthify: Summary. You can even choose different investment styles for each Plan. In a nutshell: Swapping or changing one of the funds that makes up your Plan. Since financial markets are always changing, we’ll make adjustments to the mix of investments in your Plan from time to time. A personal pension is a great way to complement your workplace pensions by having more flexibility over how you contribute and invest. Yes, we will always let you know if we make a rebalance or substantial changes to your plan, as this can have a significant impact. We’re not a fully-automated investment service. In a nutshell: Maintenance on your Plan to make sure it matches your chosen risk level. So Wealthify uses a mix of smart algorithms and human expertise to make sure your plan stays on track. The platform uses a style of investing known as passive investing. With your Wealthify Plan, you hold a mix of investments, or assets. And you can put your money into both Original and Ethical plans as you see fit. Our investment team have pre-selected a range of. The opposite is also true for why we may choose to increase a region’s allocation in your Plan. We continue to work hard with your money and to deliver the simple investing approach that we have always set out to do. The combination of funds we use depends on which investment style you choose and how we decide to balance your plan. No, that’s what we’re here for. What is a General Investment Account? For instance, if a region is underperforming and on reflection seems likely to or has significantly outperformed, our Investment Team may decide to sell holdings from that particular part of the world. Wealthify is a robo advisor platform that automatically invests your money on your behalf. Winterflood Securities and Embark both hold your assets separately (ring-fenced) from Wealthify, so  even if we went into administration, our creditors would not have a claim to your investments. Wealthify investment manager Andrew Amy has quit the Welsh robo-adviser to focus full-time on a horse-trading app he has launched. These summary points are for your reference only and you should read all the documents before you proceed. Easily transfer existing Cash and Stocks & Shares ISAs to Wealthify With Wealthify there's no minimum investment, and you can withdraw anytime without penalty Start an ISA . Wealthify aims to ‘keep these as low as possible, around 0.22% for original plans and 0.66% for ethical plans’, which takes the total yearly cost to 0.82% or 1.26% on average. These provide a really helpful level of granular control to steer how my money is being used by Wealthify, so a great addition - they definitely listen to their customers :) Useful. Fund charges and transaction costs also apply – find full details on our, an explanation about Time Weighted Rate of Return. I am recommending Wealthify to my wife and friends. By doing this we can make timely and necessary adjustments to your Plan to keep everything on track and maximise your potential returns. So, to correct this drift, we rebalance your Plan every three months - if you want to know more about rebalancing, make sure you check out our blog about it: https://www.wealthify.com/blog/why-we-rebalance-and-how-it-works. You only need to tell us your investment style and how much you want to invest, and we do everything else. Wealthify is an independently run subsidiary of Aviva and boasts numerous consumer, FinTech, and investment award … We’ll show your returns for each Plan as a percentage and actual monetary value, so you always know exactly how your investments are performing. Traditional investing services can be associated with high costs and hidden charges, but at Wealthify we make the cost of investing clear and affordable. We publish our benchmarks in the valuations we send to all customers, to give you something to compare the performance of your plan against. The mix of funds will change over time and depends on your attitude ... To provide you with a sense of what you might expect from Wealthify’s risk-based investment styles, we do provide you with a prediction of performance when creating your Plan. This method shows the actual performance of your plan, including the effects of when you added or withdrew money from your plan. Plus, an instant 25% tax relief top up. We don’t offer cash ISAs, Innovative Finance ISAs or Lifetime ISAs. See the below sections for a detailed comparison of these two investment offerings. All your investments in our ISAs and General Investment Account products are held with our custodian bank, Winterflood Securities, a global financial services provider and part of Close Brothers Group, who have been trading for more than 130 years. It’s all fine until shares start outperforming bonds, and your initial split could move to 80/20 in favour of shares as their value increases relative to bonds. Simply choose the investment style that suits you best, from cautious to adventurous. As our experts are constantly monitoring the markets, we’ll make changes to your Plan, when needed and considering your risk level to ensure your money is still working as hard as you do.. These changes could be to the regions you’re invested in, the investment types you hold, or both. Moody’s Analytics is an independent data provider, who assist in predicting what your Plan values could be in different market conditions over the period of time you plan to invest. You only need to tell us your investment style and how much you want to invest, and we do everything else. Our straightforward process makes it easier to get started or transfer your pensions to Wealthify, giving you a much clearer view of your future. We automate certain parts of the investment process, like monitoring how well global markets are performing, using computers programmed with algorithms (mathematical formulas). You can also open more than one investment plan – each with different plans for different personal finance goals. The tax treatment of your investment will depend on your individual circumstances and may change in the future. After filling in some personal details, you tell Wealthify how much you have to invest, your financial goals and attitude to risk. The amount of cash and cash equivalent assets in your plan will depend on the level of risk you choose and will be adjusted periodically in response to market movements. Our Investment team spends countless hours screening funds based on their holdings, checking whether they’re suitable for our Plans, assessing the offering, engaging with fund managers, and reviewing the funds we’re already using. Covid-19 and the consequent lockdowns have had serious repercussions on the economy and global stock markets. The platform does not engage in active trading, nor can you buy and sell shares through Wealthify. Enjoy the rest of your week. Anything over £500,000 costs the same, but you get a dedicated investment advisor with ongoing portfolio monitoring. The recent platform changes by Wealthify which allow users to quickly and easily change investment style and also park cash are hugely helpful features! , and programmed our automated investment system with algorithms (mathematical formulas) that build your Plan based on what you tell us your goals are. Our Nutmeg investment review found that Nutmeg’s UK robo advisers come with two separate investment styles and pricing scales. The Financial Services Compensation Scheme may also cover the first £85,000 of your investments, however, it’s essential to understand that the FSCS doesn’t cover you if your investments do not perform as expected and you get back less than you originally invested. It’s important to remember that benchmarks and predictions are never perfect and past performance is not an indicator of future growth. It’s a low risk asset, so the return on cash is typically low, but it’s a good way to help protect investors from losses if there’s an indication that markets might lose value. We typically invest your money within two working days of receiving it. Wealthify Customer Agreement . But the level of risk you’re taking also depends on what’s happening in the markets, and this is what drives our Plan weight changes. Y, ou’ll only pay us a simple management fee of 0.6% per annum. There is currently no facility for this, but there may be in future. If you’re investing with us, you probably know that we have a team of investment experts that monitor markets and manage your investments on an ongoing basis. You can see from the screenshot that I went for a 'confident' investment style, or in other words Wealthify's medium risk portfolio. The pool of funds will also change from time to time. All you need to do is decide how much you want to invest, choose your investment style, and select the 'Ethical' option. We list the assets you own in the Plan detail screen, found in your dashboard and we send you a transaction receipt for every purchase and sale – so you always know where your money is. With your Wealthify Plan, you hold a mix of investments, or assets. It has changed our focus from life, to the … As with most investments, small additional costs can be incurred through the investing process and vary from time to time. Markets have ups and downs and over time, if left unchecked and unchanged, your Plan may begin to look a bit different from what you signed up for. 05/05/2018. Yes, you will always own the underlying funds in your Wealthify Plan. An investment fund is a bundle of lots of individual assets, like stocks, bonds or property, which you buy all in one go, making funds a cost-effective way to invest. These let your money track an index like the FTSE 100, which is composed of the 100 largest companies listed on the London Stock Exchange. With investing your capital is at risk and you could get back less than you put in. It is important to remember that with investing, returns are not guaranteed. Please reduce your investment so it doesn't exceed the Junior ISA allowance of £9,000. Share. What’s more, you can choose an ethical investment plan if that matches your values. Passive investing is generally accepted as a more effective long-term strategy than the alternative, active investing, where fund managers try to pick the stocks they think will do best. We talk about ‘rebalance’ when we trade (buy some investments and sell others) to make sure the risk balance of your Plan stays in line with the investment style you’ve selected. This is an advantage for you, as it means you can see exactly what we are buying and selling for your Plan. The wealthify lifestyle program required that we stop and actually think beyond the “lifestyle” that we were stuck in. In other words, it only tells you how much you’ve gained or lost from your investments, not what you’ve put in or taken out yourself. The Dow S&P Indices show that as few as 14% of active fund managers actually manage to beat the market each year, when looked at over a long time period. We charge a simple annual fee of 0.6% for managing your investments. You can even choose different investment styles for each Plan. Both offer socially responsible and environmentally focused investment options – Wealthsimple call it socially responsible investing. a. Wealthify Limited is authorised and regulated by the Financial Conduct Authority (, https://www.wealthify.com/blog/why-we-rebalance-and-how-it-works. The tax treatment of your investment will depend on your individual circumstances and may change in the future. Here’s an explanation about Time Weighted Rate of Return. If you have any queries or concerns about the risks involved with investing it is best to seek advice from a financial advisor. You should think of investing as a long-term prospect, and remember that markets will generally see growth over the long-term. You can withdraw your money or add to it anytime without penalty. Say, you’re a Confident investor with a medium-risk Plan where there’s a 50/50 split between shares and bonds. As we show in our Wealthify review, they’ve used the power of analytics and algorithms to create five different investment options based on consumer’s attitude to risk and have made some solid profits from working in this way. Five investing styles for Junior ISA, ISAs, SIPP and GIAs, letting you choose a level of risk you're happy with. Investments above £100,000 have a 0.5% fee plus additional charges at an average of 0.2%. Launched in April 2016, Wealthify provides a simple approach to investing. Reply. For more information visit https://www.fscs.org.uk/. Our experts use the market information along with their own their knowledge and experience, to make small adjustments to the mix of funds in your investment plan, where appropriate. It’s a cheap, cost-effective style that is also a gateway for newcomers to get into investing and learn what it’s all about. Our experts use a range of passive investment funds, like Mutual Funds and ETFs to build your plan. We use ARC Private Client Indices as the benchmarks for the majority of our Plans, rather than an index such as the FTSE 100, because we feel it more closely matches the type of diversified investment plans that Wealthify offers. Reply. Common styles can be distinguished from … Wealthify offers an easier approach. Share. For our Cautious Plan, we use the Consumer Price Index (CPI), which is the UK’s main measure of inflation, or the speed at which the prices of goods and services bought by households rise and fall. The Indices are based on real performance numbers from hundreds of other Plans. Yes, they are. The custodian of our Pension products is Embark Pensions, who are part of the Embark Group – the UK’s fastest-growing digital retirement platform. Our aim is to add value to your Plan by dynamically managing it rather than having a fixed allocation with no adjustments made for changing market conditions. To provide you with a sense of what you might expect from Wealthify’s risk-based investment styles, we do provide you with a prediction of performance when creating your Plan. Use the sliders and choose an investment style to see how much your money could grow. Plus, an instant 25% tax relief top up. You may not see the issue, but because of shares performing better than bonds, your risk level has increased, and your Plan will be subject to greater fluctuations. Please remember the value of your investments can go down as well as up, and you could get back less than invested. 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