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OpenMoney

OpenMoney is a robo-adviser that also offers access to real advice. It aims to guide inexperienced investors through financial services and provides a low-cost investment solution on top. Advisers provide a free assessment of an investor’s finances and can recommend the best suited OpenMoney products and portfolios.

Investors can open ISAs, pensions and general investment accounts and there are three ready-made investment portfolios to choose from. The portfolios consist of trackers and are the same as the ones on the eVestor robo. Total fees are a maximum of 0.76% — some of the lowest charges in the market. 

Available products & wrappers

General investments ISAs Lifetime ISAs Junior ISAs Pensions & SIPPs Junior pensions & SIPPs Other

Table of charges

Platform charges Product charges Other charges
Robo charge 0.50%
Product charge 0.10%
Underlying fund charges 0.13% to 0.16%

Research, tools and information

Advice, help and contact

Live webchat for support.

Learning

FAQs provide insight into investing and money management.

Further information

Three portfolios with varying levels of risk.

Minimum investments

Lump-sum Top-ups Monthly
£1 £1

Compare + Invest review of OpenMoney

Products & wrappers Research & guidance Charges Overall rating
3.0
3.0
4.0
4.0

Openwork is rare among robo-advisers for focusing primarily on advice. After a 30-minute meeting with an adviser, customers receive a personalised recommendation, and if suitable, an investment plan for one of the three portfolios on offer.

OpenMoney review

Personalised advice and recommendations will reassure many customers who may be wary of fully automated services.