Where to see performance of RoboAdvisor portfolios?

daystory7

I am very interested in seeing the performance of RoboAdvisor portfolios...e.g. Nutmeg. Any idea where and how to do that?

Alexland

The providers will have some information on their own websites but Holly at Boring Money did some interesting analysis of robo returns between 2016 and 2017.

https://www.boringmoney.co.uk/media/1859/robo-adviser-returns-four-pager.pdf

Without spoiling the punchline the Robos are rarely recommend for investment performance on these forums.

Alex

Malthusian

If you take enough of an interest to compare performances between two robo-sales outfits, then robo-sales is not for you. Focus your research on low-cost multi-asset portfolios like L&G Multi-Index or Vanguard LifeStrategy held via a platform. These will achieve the same thing but cheaper and with more options.

Alexland

To be fair robos serve a proportion of the market that wants a simple product with reasonable returns and I do enjoy Shaun Port's nutmeg YouTube videos.

We have some small accounts to get signup bonuses but am waiting for the minimum period before closing them.

Alex

dunstonh

Robo-advice services are not for people interested in their investments. They are for people who want an app on their phone and dont want to have anything to do with investing itself.

Alexland

Updated report with comparison to VLS performance

https://www.boringmoneybusiness.co.uk/research/robo-report-q2-2018/

aroominyork

Alexland wrote: »

Updated report with comparison to VLS performance

https://www.boringmoneybusiness.co.uk/research/robo-report-q2-2018/

Not a great article, is it? The comparison with VLS20 is interesting (if it is accurate) and comes out well for Nutmeg, but there are no other equity/mixed asset comparisons other than FTSE100. And I am not filled with confidence by typos in financial websites such as “A £5,00 investment would have returned...”.

dunstonh

I quite liked the article. it allowed me to compare what ours did to the robo-advice firms and see they are not delivering. I put the dates into FE and our lowest risk portfolios and got £5451 on risk 3 and £5664 on risk 4. (3 would match VLS20 and 4 would match VLS40 for risk).

Of course, we wouldn't deal with £5000 but robo-advice does. And that is what it is good for. Robo-advice is there to for small investors who can't get access to full advice and feel daunted by platforms and multi-asset funds (which I still think is the better option for DIY investors as its not that difficult if you give it a bit more than 5 minutes)

bxboards

I have a couple purely for the 500 quid MoneyFarm signup bonus and 200 for Nutmeg, certainly the fees are higher than a good tracker ie L&G multi-index etc, as you have the underlying fees then the platform fees ontop, so they seem to be around the 0.70% mark which is high IMHO.

aroominyork

dunstonh wrote: »

I quite liked the article. it allowed me to compare what ours did to the robo-advice firms and see they are not delivering. I put the dates into FE and our lowest risk portfolios and got £5451 on risk 3 and £5664 on risk 4. (3 would match VLS20 and 4 would match VLS40 for risk).

That's mighty impressive. Before or after platform and IFA fees, and if before how much would that reduce the returns by?

dunstonh

aroominyork wrote: »

That's mighty impressive. Before or after platform and IFA fees, and if before how much would that reduce the returns by?

After fund charges but before adviser and platform. Scrub off 0.25%-0.35% for the platform and 0.50% for adviser.