Investec Click & Invest - closed to new business

george4064

Interesting decision here....

I wonder how much AuM they had and where it’s likely to go....

Also would be interesting to hear from any current clients and their feelings about this announcement.

You can read the announcement here: https://marketing.investec.com/ZA/clickandinvest/

Press release here: https://marketing.investec.com/ZA/clickandinvest/Click_&_Invest_16_May_2019_Press_Release.pdf

dunstonh

The first of many. (although they may not be the first).

Expectation is that a good number will fail or be taken over. The market is not big enough for the number of players and growth has not been good and what there has been has been bought and unprofitable.

jamei305

Judging by the posts on here, newbie potential investors with more than £10k to invest and who aren't confident going the DIY route want a human to explain to them what to do - they don't want a website that will invest their money automatically.