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Wealthify makes investing easy and simple. We love that. Their experts handle everything for you, you don’t need to do a thing. The customer service is great, and the costs are reasonable – although the ethical investment option has higher fees.
To claim the Wealthify cashback, first click the link above, then you need to click ‘register for offer’, then you can go on to open a Wealthify account.
If you’ve ended up on their homepage, click ‘find out more’ where the promotion is displayed at the top to then register for the offer.
The deal will then be automatically applied when creating your account.
Then, you’ll need to deposit at least £5,000, or transfer an ISA of at least £5,000.
How much cashback you’ll get depends on the value of your deposit or transfer, and here’s how much you’ll get:
Let’s get to an important bit, how much does Wealthify actually cost?
First you’ll pay an annual management fee – and this is a fee directly to Wealthify, which is one simple to understand fee, of 0.6% per year (0.6% of the total in your account).
Note: the fee for pension savings over £100,000 will be 0.3%.
On top of that you’ll also pay a fee for the investments themselves. This varies significantly between which investments you pick.
With the original investment option, the average cost is 0.16% of your total investments per year. With the ethical theme, this goes up to an average of 0.70% – that’s quite a big difference!
So in total with the original option, you’ll pay approximately 0.76% per year, and with the ethical option, you’ll pay approximately 1.30%.
Wealthify’s customer service is pretty good.
There’s actually a phone line you can call, open Monday - Friday from 8am to 6:30pm, and even on Saturdays too, from 9am - 12:30pm. That’s pretty rare for investment platforms, and most modern businesses in general these days!
There’s also a live-chat feature, so you can message them over the app or website rather than phoning them. Or, you could just send a message, and they’ll come back to you via email.
On top of that, there’s an FAQ section on their website which answers pretty much any question you might have.
We’re big fans of anybody who makes investing easier and simpler! And that’s exactly what Wealthify does.
You don’t need to know anything about investing to get started, they take care of everything and their experts look after and aim to grow your money over time.
The customer service is great and you can actually speak to someone on the phone, or live-chat if you like.
The fees are reasonable, and easy to understand. However, with the ethical investment option, it’s slightly on the higher end compared to other options out there.
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