Wealthify/Moneybox

JustinEvans9964

Hi, looking at opening a S&S ISA. I have circa £5k and £400/month to invest. My risk appetite is medium and it would be a minimum of 10 years before I would be looking to release any funds. Don't really want any involvement in choosing the portfolio or the day to day/week to week touchpoints of investing. After a couple of previous posts, and some digging around, I am looking at the Vanguard Life Strategy option. I don't have any involvement in that other than choosing one of the products from VLS 20 to VLS 100 depending on my risk appetite. I am thinking VLS 60. I pay them my money and they pretty much do the rest. So after more or less settling on this option I have now come across similar products from both Moneybox and Wealthify. Same sort of process in that I simply choose a product based upon risk and they do the rest. Just wondering what your thoughts are on it. Also, given the sort of product I am looking to buy into would you consider anything else on the market to be better?

Thanks in advance.

eskbanker

Costs aren't the be all and end all, but look carefully at the total charges involved in holding VLS60 on Vanguard's platform versus something equivalent on the other two....

Eyeful

A cheap Global Multi Asset Fund seems to suit your what you describe.
Using  Vanguard 's own platform is a reasonable choice if you intend to own VLS.

https://www.vanguardinvestor.co.uk/investing-explained/what-are-lifestrategy-funds?intcmpgn=lifestrategyfunds_learnmore_link

With this you chose the share/bond split. They then will re-balance to maintain it at that split. You have to accept the market risk that goes with the split.

                                                                         Alternatively

https://www.hsbc.co.uk/investments/isas/hsbc-global-strategy-portfolios/

With this you chose the risk level (e.g. balanced) you are comfortable with. They then re-balance the funds assets to maintain it at that risk level. This is called a “Risk Targeted Fund”

                                                           Some other Global Multi-Asset Funds  

L&G Multi Index Funds

Blackrock Consensus

 Fidelity Multi Asset Allocator

Architas Passive

Albermarle

Moneybox and Wealthify are really internet start ups that offer only offer a very limited selection of investments , especially the former I think. Very simple to use though .
Vanguard offer a number of types of investments , not just the Life Strategy funds , and they are one of the largest investment companies in the world .
As mentioned there are various similar funds , but not identical .
https://monevator.com/passive-fund-of-funds-the-rivals/

JustinEvans9964

Cheers all, really appreciated.