Investengine new DIY portfolios

NightBuritto

Not see any difference compare to Trading212 rebalancing - they have same feature, support IS etc.
Only what i'm not sure is how to compare they list of product that they have in offer

older_and_no_wiser

MFW2026 said:

I have my s&s isa with vanguard and the general account with InvestEngine for the offer- next tax year would it be more beneficial to open a isa with investengine and pay into that due to low costs? If anyone needs referral link also pls inbox me and can send to you as not allowed to post links or codes anymore x

I believe you should be able to convert your GIA account into an ISA next tax year. I'm sure InvestEngine sent me an email about this a few months ago as I'm in the same position.

DireEmblem

Agree if you plan to grow your GIA long term it may be worth switching it into an ISA.

I am quite impressed so far with its simple to use interface, but yet level of detail you can get as well.  I opted for a growth portfolio rather than a low risk income portfolio as others have opted for on the thread, as 1) it’s not really worth the pennies of income paid to my bank account with a small balance and 2) I plan to use this to save up overpayments for my mortgage.

I hope they do well as much cheaper than other robo investment platforms, and that they don’t lose too many customers purely taking advantage of the signup offer.

Albermarle

I hope they do well as much cheaper than other robo investment platforms, 

Even cheaper for the DIY option - zero cost, apart from the ETF's themselves.

Makes you wonder though , how these types of operation can survive long term when they are free? Or very low cost ( for the managed accounts ) . Nutmeg are well known and charge more, but are still not profitable .

ColdIron

Wide spreads in some cases. One of them subsides the share holding arm with their very profitable CFD arm. With others such as the ones that offer partial shares you don't get the full rights of share ownership, try getting a certificate for 0.10% of a share

The business plan is probably to sell out once they have built their client base up

Albermarle

They claim an ETF spread of 0.07%, which they say is in line with other platforms .

Nurse2047

I am impressed so far and find it simple and straightforward to use. Like the pie % in DIY portfolio that allows me to allocate more efficiently 

DireEmblem

ColdIron said:

Wide spreads in some cases. One of them subsides the share holding arm with their very profitable CFD arm. With others such as the ones that offer partial shares you don't get the full rights of share ownership, try getting a certificate for 0.10% of a share.

Your a bit off topic with share brokers, but in the UK PFOF has been banned since 2012, so the claim on artificially wide spreads is false for institutions offering services in the UK.

Robo managers such as IE, Nutmeg and Wealthify also don’t have CFD arms, and the only UK broker that I believe is still reliant on CFD income from my last check of financial accounts I was eTorro.

I see the IE DIY option as a carrot to dangle to entice users onto the platform, and the 25bp management fee will be their revenue, potentially added value services as well in the future.  It wouldn’t surprise me if they added a small 10bp platform fee in the future.

I checked their accounts and they have several years runway at current costs IIRC.  Not sure what their critical mass is, but let’s say 200k users at an average 10k managed balance, that gives 5m a year in revenue based on a 25bp fee.

End of day our biggest concern should be covered in that IE is appropriately regulated, and any assets you may have are covered by the FSCS.

I hope they do well as the more competition there is out there, the better for us.

Nurse2047

Anyone using Investengine for the new tax years s&s isas? 

Found this a good watch today https://youtu.be/chY8573z2zs