Bestinvest is to relaunch as a service combining access to a range of low-cost portfolios, DIY investing, free financial coaching, digital tools and offering “affordable advice” at a fixed rate.
As part of the changes Bestinvest has launched a range of low-cost, ready-made "Smart" portfolios, which will have ongoing costs starting at 0.34% per annum for the least risky portfolio and up to 0.37% per anumum for the most risky. There will be five portfolios ranging from Cautious to Maximum Growth. The current composition has all the portfolios with 6% in gold and 1.5% in cash, with the remainder mixed between equities, which ranges from 45% to 92.5%, and fixed income, which ranges between 47.5% and 0%. The relaunch will also see share-trading fees slashed to less than £5, halvi...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
