07503666, with a … It’s the *percentage* loss that I’m criticising though. investment growth,  £1,000 contribution, Nutmeg: -£619 & -15.12% investment growth, £3,600 contributions & cashback, Wealthify: -£91.37 & -8.48% investment growth, £1,100 contributions & cashback. vanguard vs nutmeg. But also, does what have? So up a similar amount over the last year to Wealthify but earned on a much bigger investment, so will be a distinctly lower growth rate. Here are the stark results after two years: Note:  the percentage growth is time weighted return. This is all done online through the excellent Nutmeg website. Join over 30,000 people who receive Damien’s weekly newsletter full of money tips & the latest news that affects your finances. The Wealthify and Vanguard figures are based on lump-sum investments two years ago, whereas the Nutmeg figures are based on drip-fed payments. Nutmeg is an all in one package and has 2 standard fees, the main one being an ongoing charges fee of 0.45% for a Fixed Allocation. Nutmeg, or Hargreaves Lansdown) as well as from any funds invested in. I've a small S&S ISA (~£2k) with Nutmeg. When will interest rates rise (or in fact be cut)? This actually suggests the Nutmeg product (1.3% total fee charge) out performed the Vanguard product (about 0.3% fee charge). I checked my other accounts at the same time, which was pretty much the peak of the market. ( Log Out /  Nutmeg is simplest for 2 reasons: the whole package is in one place, i.e. Nutmeg vs Wealthify: Best UK Online Investment Platform? Sweet. The Fixed Allocations with a lower fee are probably going to work out better in the longer term because fees usually do matter. Puzzling over where to invest your money for the best results, whether Vanguard LifeStrategy or a robo adviser like Nutmeg or Wealthify? Compare your own investments here, then go to the ‘QuickCheck’ menu and select ‘Performance’, click ‘£’ and follow the instructions on screen. As I was investing for a good 10 years, I chose racy options. Nutmeg is one of the major robo-investing platforms, and the one we’d go to first due to it’s ease of use, range, past record and that you can save yourself the first 6 months of fees when you sign up through our referral link. But we can look at past performance as a guide. A robo-investing platform is a digital wealth manager that offers an extremely low-cost way to build an entire portfolio of stocks and bonds, along with access to basic investment advice from the inbuilt AI. After a bruising end to the second year, my balances had dropped to just over £4,935. So LifeStrategy is slightly cheaper at 0.37% compared to Nutmeg’s 0.62% including the fund fee – but remember that Nutmeg fees are cancelled for the first 6 months if you use our link. Archived. If you want to go Fully Managed the fee increases to 0.75%. Use of the material is conditional on there being no liability for how you choose to use it. Companies regularly offer tempting cashback in March, to lure investors keen to use their Isa allowances before the tax year ends on April 5. I will merely note that the company offering the highest cashback has performed worst for me, and the company offering zip all cashback did best. In these troubled times, which robo adviser might be next? Hi Maj, Now – over to you. I would only actually lose money if I sold now, rather than gritting my teeth, staying put and waiting for prices to climb back higher than I paid. There is also a 0.17% fund fee to factor in. The funds have an ongoing charges fee of 0.22%, and the platform is amongst the cheapest with an account fee of only 0.15%. I have used HL and they have a good platform to have a play around with but at the end of the day it's about money out for money in. Nutmeg only provides growth rates for all time, not for shorter periods, so I don’t have official figures for the last year. I'm considering switching to Vanguard though because the fees are lower for essentially a very similar portfolio. No worries Rachel, glad you found the info you were looking for! The zero-fee trading platforms Freetrade and Trading212 are great to use to construct your own ETF portfolio without these pesky fees, but the range of choice is limited. Change ), You are commenting using your Google account. With one monthly investment of say £100 into LifeStrategy or Nutmeg, your money is instantly spread across many ETFs without incurring trading fees – true in the case of LifeStrategy if you purchase it directly through Vanguard’s own trading platform, that is. Vanguard Investor UK review - is it the best in the market. Then – kaboom! Wealthify has ditched Wealthify Circles, which used to offer a fee discount when referring friends. I already had an ISA for 2017/18, so I opened general investment accounts instead. I opened a Nutmeg ISA on the recommendation of a money saving website, and a supposed 9 month % fees offer which did not materialise. But even the LifeStrategy funds come in multiple forms; accumulating, distributing and at various equity levels – and a beginner and experienced investor alike might want a more tailored product without having to do the research. *Minimum investments may vary for other products. Time is running out to choose a home for your £20,000 individual savings account (Isa) allowance for 2019/20, before the deadline on Sunday. We have built our own portfolios from ETFs in the past, and done a pretty good job too – but investing consistently into multiple ETFs can still be problematic on a traditional platform due to transaction fees. Traditional financial advisors take substantial commisions, while hedge funds typically take at least 1% as well as charging fees … We invest for the long term, so would and have chosen the 100% Equity LifeStrategy fund. I’ve said it before and I’ll say it again:  get investment decisions wrong,  and any cashback could be eaten up in poor performance and expensive charges. ( Log Out /  You put your money in one of their portfolios and they take care of the rest, they're low cost because they tend to be trackers that follow indices like the FTSE 100, and also Exchange Traded Funds. So say like a Santandar stocks an shares ISA, does that charge more than Nutmeg and Vanguard? If you’re looking for simplicity as a new investor, choose Nutmeg. Thanks to COVID-19, my battle of the robo advisers has suddenly become more dramatic than expected! Here’s how my choices now stack up when investing £1000 in an Isa or general investment account: Note: All companies offer ethical or socially responsible investment alternatives, typically with higher fees, but I just went for standard versions. Prophetically, I did warn in my post explaining ‘what are robo advisers?‘ that some were bound to disappear: So one down, two robo advisers to go, and I can only bring you two year results for my Nutmeg and Wealthify accounts compared to Vanguard. Is Hargreaves Lansdown Good for Beginners? Which wins? Posted by. Up until about a month ago, everything was ticking over nicely during the second year. 19. 552016, registered in England and Wales, no. Investing is a long term game, and if you can hold your nerve when markets fall, prices normally do come back up in time. Remortgaging in 2020 - is now the right time to fix & for how long? If you’re only interested in investing in LifeStrategy and perhaps other Vanguard funds, the cheapest and best place to do this is on Vanguard UK’s own online platform. Do share in the comments, I’d love to hear! While Vanguard doesn’t charge any trading fees, most Vanguard … So could be a great time to pick up more for your money – although brace yourself for a rocky road ahead! Absolutely start investing now, the earlier the better and your future self will forever thank you. Suggest any comparison should stick with the time-weighted returns (ie the percentages), which strip out the affect of any withdrawals or subsequent contributions. Comparing the highest risk options from each provider, Nutmeg 10 vs LifeStrategy 100% Equity, we see two excellent investment options. Critical illness insurance – what is it, and is it worth having? Low fees: When comparing Moneyfarm to the investment industry as a whole, we can safely say that they offer much much lower operatingg and maintanance costs. Like most sites, Money Unshackled uses cookies - if you continue to browse our site, you are accepting our use of these tools, but you can modify your browser settings so as not to accept cookies. I just opened a Wealthify account at the end of Feb 2020 so haven’t had great initial results. ( Log Out /  Press question mark to learn the rest of the keyboard shortcuts. Just generally banks being crap? So if you’re lucky enough to have spare money to set aside for several years, and brave enough to cope with plummeting stock markets, here’s an update on my own rollercoaster experience over the last two years.

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