Paying for financial advice is sometimes not an option for investors, but Munnypot provides advice and portfolio monitoring through an online experience. It’s one of a few online providers with an advice service (do it with me) rather than a discretionary service (do it for me).
Following a short questionnaire on investment goals and your attitude to risk, an investment plan is created and a portfolio is recommended. An initial advice fee is payable. Munnypot offers a GIA, ISA and JISA. the underlying funds are from Vanguard. On-going administration fees are paid on a monthly basis, on top of platform and funds fees.
Visit The WebsiteAvailable products & Wrappers
| General Investments | ISAs | JISAs | Pensions & SIPPs | Junior SIPP | Lifetime ISAs | Others |
|---|---|---|---|---|---|---|
Table of charges
| PLATFORM CHARGES | PRODUCT CHARGES | OTHER CHARGES | |
|---|---|---|---|
| Initial advice fee | Scales from £5 - £50 dependent on investment amount | ||
| Monitoring fee (monthly) | 1.02% (£500 invested ) to ~0.16% (>£950,000 invested). Charges fluctuate over a massive range meaning it\\\\\\\'s not always beneficial to invest more! | ||
| Platform Admin Charge | 0.11% | ||
| Underlying fund charges | 0.15-0.22% |
Minimum Investments
| Lump-sum | Top-ups | Monthly |
|---|---|---|
| £250 | £25 |
Compare the Platform Says
| Products & Wrappers | Research & Guidance | Charges | OVERALL SERVICE |
|---|---|---|---|
| Limited product range but does offer Junior ISAs. | Investors get access to advice 24/7. Online resources are limited. | Advice, platform and investment charges are middle of the road, but not always clear how they tier up or down (eg ongoing advice charge). | Differs from most online providers as advice is part of the offering. Shame there is no pension. |