You are here: Home - Investing - Getting Started - News -

Pay no fees for a year with Wealthsimple junior ISA

0
Written by:
10/04/2019
Online investment service Wealthsimple is offering no platform fees for a year on any junior ISA opened in April.

Customers can open a junior ISA with £1 and there is no minimum monthly contribution.

Underlying fund fees, which average 0.18%, still apply.

The company is launching the deal to coincide with the upcoming arrival of Meghan Markle and Prince Harry’s baby.

“Good habits – starting early, having a plan in place and talking openly about money – can make a huge difference to how children adopt financial behaviours in their adult life. Parents have a huge opportunity to impact their children’s future by building them a strong financial foundation, whether that’s starting with £10 or £100 a month,” said Brian Byrnes, investment adviser at Wealthsimple.

Wealthsimple and Wealthify are the only digital platforms in the UK to offer a junior ISA.

These new-breed services offer an alternative to traditional investment platforms.

Users select their risk level or complete a short quiz and are then allocated a suitable, ready-made portfolio or basket of investments.

An investment manager monitors the portfolio on their behalf.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Monzo and Nationwide win the current account switch battle

Monzo and Nationwide gained the greatest number of current account customers in the three months to September...
Monzo and Nationwide win the current account switch battle

Lloyds, Halifax and Bank of Scotland to hike overdraft rates to up to 50%

Lloyds Banking Group customers could be charged up to 50% for using their overdraft in the new tax year, the l...
Lloyds, Halifax and Bank of Scotland to hike overdraft rates to up to 50%

Santander mortgage customers warned about ‘cheaper’ standard variable rate

Newer Santander mortgage customers coming to the end of their fixed term this week will be moved on to a relat...
Santander mortgage customers warned about ‘cheaper’ standard variable rate

Ryanair jetting towards US flights for £10

Ryanair is on course to achieve its long-held ambition of offering transatlantic flights to the US – and the...

Investing in car parks: a good vehicle for income seekers?

As the search for income continues, many investors are turning to alternatives, with car parks becoming increa...

A quick guide to guarantor loans – in association with Guarantor Loan Comparison

Considering a guarantor loan or becoming a guarantor yourself? Read our essential guide...

Results round-up: Companies to watch this week

Mulberry and more will face the music this week.

Product launches of the week

Select Property Group, Schroders, Leeds Building Society and more have exciting news this week.

Money Tips of the Week

  • Adult siblings who live together could be exempt from paying ‘unfair’ inheritance tax when transferring property af… https://t.co/PkE71sSbxP
  • RT @WhichPress: A third of people will pay too much tax due to confusion around self-assessment expenses - Read the full story from @WhichU
  • Major plan launched to transform how people engage with money and pensions - Your Money https://t.co/q0Hz7PwHkz by @yourmoneyuk

Read previous post:
FCA logo
Regulator slams insurers for selling unsuitable products at ‘significantly higher prices’

General insurance (GI) providers have been warned by the Financial Conduct Authority that their approaches to sales and distribution can...

Close