Wombat Standard
Wombat is a mobile app-based saving and investment platform aimed at younger people who are new to investing. The app features 30+ themes to choose from with each theme represented by a single ETF. Wombat allows you to pick and compile different themes (ETFs) into a wider portfolio of investments. Wombat Standard has ISA, GIA and JISA accounts.
Wombat is a highly stylised and visual thematic investor that structures ETFs to help users invest based on their areas of interest or belief. While an interesting angle, no mention is made of the benefits of asset allocation, however Wombat uses a chilli rating to indicate the risks of thematic investment. Wombat customers can also buy fractional shares in well-known companies across the UK and US with a GIA. Wombat’s Standard plan is £1 per month and it also has an Instant plan which is subscription free.
Everything is done on the app. With Standard plan, transaction round-ups are available to help you save and invest more. And with Instant, you can get 0.2% cashback when you invest.
Available products & wrappers
| General investments | ISAs | Lifetime ISAs | Junior ISAs | Pensions & SIPPs | Junior pensions & SIPPs | Other |
|---|---|---|---|---|---|---|
| Savings accounts. |
Table of charges
| Platform charges | Product charges | Other charges | |
|---|---|---|---|
| Monthly fees | £1 pm and 0.10%. | ||
| Underlying fund charge | 0.07% to 0.75% | ||
| FX fee | 0.75% |
Minimum investments
| Lump-sum | Top-ups | Monthly |
|---|---|---|
| £10 | £10 |
Compare + Invest review of Wombat Standard
| Products & wrappers | Research & guidance | Charges | Overall rating |
|---|---|---|---|
What is Wombat Invest?
This low cost investing app lets you invest from £10. Its thematic investments are aimed at young and novice investors and it provides ETFs and fractional shares. Investors can choose between a Wombat Invest Instant Plan or a Wombat Invest Standard Plan.
Our review of Wombat Invest
This saving and investment platform wins plaudits for its app and its refreshingly jargon-free communication. This is an app that is particularly targeted at and good for novice investors. We like it.
