ETF v Robo Advisor

Hi there, I'm looking to get into investing and have found that ETF's and Robo Advisors could be something that works for me. I want to set up an investment and then add to this automatically on a monthly basis. Are there are well recommended services/apps/companies which offer this in a simple streamlined way?

Thanks

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  • eskbanker
    eskbanker Posts: 29,940
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    How have you reached the conclusion that "ETF's and Robo Advisors" are the (or a good) answer?

    https://www.moneysavingexpert.com/savings/investment-beginners/ offers some thoughts, and https://www.moneysavingexpert.com/savings/stocks-shares-isas/ lists some leading robo players, but it sounds like more time spent on research may be worthwhile, prior to picking providers and/or products?
  • jimjames
    jimjames Posts: 17,498
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    Lumping ETFs with Robo advisors is a bit like saying you think BMW and cars are suitable for you. Most robo advisors won't offer ETFs.

    What are you wanting to achieve with your investments?
    Remember the saying: if it looks too good to be true it almost certainly is.
  • I've done some research into passive investing and both of those options came up as good options. I do realise they aren't meant to be used together but at this stage I'm looking to find the best services for both options... 
  • wmb194
    wmb194 Posts: 3,129
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    I've done some research into passive investing and both of those options came up as good options. I do realise they aren't meant to be used together but at this stage I'm looking to find the best services for both options... 
    Any stockbroker will allow you to buy ETFs so cheap ones like e.g., InvestEngine, Trading212, CMC Invest and Freetrade would do. InvestEngine has a regular investment feature for ETFs that uses open banking to take the money from your current account and invests it the same day.

    For Robo I'm not sure of the "best" but Nutmeg, Wealthify and Moneyfarm often have cashback offers via TopCashback and Quidco.


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