Click and Invest

MIZZ12 · 18 March 2019 at 8:05PM

Hi,

I'm looking to invest in a Stocks and Shares ISA (for 19/20). I'm looking for any advice on whether the relatively new Click and Invest platform is any good - anyone got any experience in using it and are they worth the 0.65% management charge? Even HL is cheaper. Thanks.

colsten · 18 March 2019 at 8:08PM

MIZZ12 wrote: »

Hi,

I'm looking to invest in a Stocks and Shares ISA (for 19/20). I'm looking for any advice on whether the relatively new Click and Invest platform is any good - anyone got any experience in using it and are they worth the 0.65% management charge? Even HL is cheaper. Thanks.

You seem to have answered your own question. Keeping the management charge as low as possible is critical. Have you had a look on Monevator?
https://monevator.com/compare-uk-cheapest-online-brokers/

https://monevator.com/work-out-cheapest-platform/

masonic · 18 March 2019 at 9:13PM

Don't forget to add on the underlying fund management charges of approx. 0.8% and that makes it expensive even among robo-advice platforms.

Alexland · 18 March 2019 at 9:25PM

Consider a Vanguard LifeStrategy fund in their S&S ISA wrapper. The cost is competitive and the fund is likely to perform as well as other similar risk profile robo investments:

https://www.vanguardinvestor.co.uk/what-we-offer/life-strategy-products

https://www.vanguardinvestor.co.uk/investing-explained/stocks-shares-isa

Alex

londoninvestor · 18 March 2019 at 10:13PM

MIZZ12 wrote: »

are they worth the 0.65% management charge? Even HL is cheaper. Thanks.

0.65% for the platform is expensive as you say. And they quote 0.81% for the average management fees of the underlying funds - not at all cheap either!

webjaved · 19 March 2019 at 10:24AM

OP, I'd take a look at Vanguard. Alexland has referred to this.

MIZZ12 · 19 March 2019 at 10:46AM

Thankyou all, much appreciated!

Click and Invest

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