Wealthify Review- A Perfect Option to Invest

Do you have a yen for investing money in a Robo-advisor? If the answer is yes, you are at the right place to know about your queries. Wealthify is a perfect option to invest your money. This platform does all the heavy lifting for you while you, on the other hand, rest assured of the certainty of profits.

We’ll discuss every aspect of it to pave your way to prosperity. So, let’s review this article to get information about Wealthify and know how to invest.

What Is Wealthify?

Wealthify is a UK- a based independent platform that digitally manages clients’ investments at a low cost. It is a Robo-advisor that creates portfolios for its clients with an automated process. This innovative company is making it possible for everyone to open a stocks and shares ISA (Individual Savings Account) account, even with a small deposit.

However, this simple platform has a wide range of options for its client’s appetite for risk. Wealthify not only builds an investment plan for its clients but also manages it for them.

How to Get Start With Wealthify? 

To start with, Wealthify is just a walk in the park. You can start with a minimum investment of £1 and have the option of additional investment at any time. To open an account, you have to choose a Wealthify plan for your investment. These plans have different opportunities and requirements.

General Investment Account

In the General Investment Account (GIA), you can invest as much as you want. There is no restriction for low-cost investment. Through this account, you can also withdraw your money whenever you want.

Junior Stocks and Shares ISA 

If you are a super organized parent and anxious about your child’s future, invest your money with a Wealthify Stocks and Shares Junior ISA. The annual allowance is more than £9,000, and it has no taxation at the time of return for children under 18. The child can also access it after turning 18.

Wealthify Personal Pension

Wealthify Personal Pension is aimed at making savings for retirement. Like its other accounts, this account plan also has a low cost and minimum investment rate, which is just £50. Besides, you will also get a tax concession of up to 100% of your annual income.

How to Open a Wealthify Account

Creating a Wealthify account is easy, and there is no rocket science about it. Here is how to join it.

Step 1: Choose an account

First, you just have to choose an account through which you will invest your sum. After that, select the amount you will eagerly invest right now. Then, choose the monthly investment that you will invest each month in Wealthify.

Step 2: Choose an investment style

The other step for your account is to choose an investment style to tell them about your risk appetite. After it, check out the summary of your plan, as it will tell you the project value of your plan. 

Create your account and log in. Now, the Wealthify experts` team will manage your accounts for you. They will handle all the ups and downs of your investment according to your will.

Is Wealthify Safe?

If you want to have all your eggs in one basket, Wealthify is the best choice to do so. It is, without any doubt, a safe and authentic platform that is regulated by the Financial Conduct Authority (FCA). So, there is no chance for you to face financial scams.

However, the Financial Services Compensation Scheme also controls Wealthify. It offers you a compensation on investments of more than £85,000 in case Wealthify is to go bust.

Important Features of Wealthify

Wealthify has got people’s liking due to its services and features it offers. Let’s have a look at some essential features of Wealthify.

Age Restriction

There is an age limitation for Wealthify customers. The user must be more than the age of 18. The company will not allow you membership if you do not qualify for the age criteria.

Different Account Plans

Wealthify users have different account plans to choose from according to their feasibility. Not like a narrow street, you have only one option to take. Its diversity of programs gives you a choice to choose what you think to be your turning point.

Flat Fee Structure

Wealthify offers a cheap fee structure to its users. It charges a 0.6% fee regardless this how much you are investing. Isn’t it too low and a must-take option for beginners?

Ethical Investment Option

One of the prominent features of Wealthify is the Ethical investment which means that it will avoid harmful activities like gambling, weapons, and tobacco.

The Cashback Offer

Wealthify Pension has a £50 to £200 cashback offer for those customers who transfer a minimum of £50 to the Wealthify Pension plan. Customers can receive cashback via their plan or the selected bank account.

Freedom to Choose Another Service

If Wealthify’s current services fail to satisfy you, you can easily move to another plan for your investment. There are no charges for closing or opening an account.

Check Your Projected Value

Checking your project value is just a click away on Wealthify. Simply create a sample portfolio and analyze your projected value. The value of your portfolio can go up and down, through which you can estimate the risk of your money.

Withdrawal Service

Wealthify has an excellent and quick withdrawal service for its users. There are no withdrawal charges in Wealthify. You can also use the withdrawal service easily at any time.

How Does Wealthify Work?

Wealthify has a team of investment experts who monitor, adjust and maintain their clients` portfolios. The team has different suitable plans for investors according to their investment attitude. Moreover, the user can also personally manage his investment account through a mobile phone app.

Pros and Cons

Here are some pros and cons:

Pros 

• Digital money management.
• Starting with just £1, which is an affordable investment.
• The facility of easy access through the website and mobile app.
• Flexibility in payments.
• The facility of live chat and online messages.

Cons 

• It just facilitates the residents of the United Kingdom.
• You cant directly choose the asset to invest in it.
• Age limitation for the investors.

Final Thoughts- Wealthify Review

Based on our tiring and analytical research, we would finally recommend you Wealthify. Investing your money in Wealthify is a perfect option, as it can help you secure your future. If you don’t consider joining it, you will miss the golden chance of good investment. So, get a wiggle on it because it’s true that a stitch in time saves nine. Visit Somquest to learn more.