Robo-Advice Options for Investors

Younger people are increasingly turning towards automated online financial advice solutions, but there are many factors to consider when going down this route

James Gard 3 April, 2020 | 10:51AM

Robo-advice

The start of a new tax year is a good time for savers and investors to look at their finances and find areas to improve. Whatever form that my take – using your full Isa allowance or starting a pension – people often feel they need professional help to guide them through the process.

But many people hesitate before taking financial advice because they think they aren’t rich enough to warrant it. Indeed, it's not always cost effective to pay for advice; if you plan to invest £5,000 in an Isa, paying an adviser a one-off £500 fee to tell you what funds to invest in is too much of a chunk of money to justify.

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About Author

James Gard  is content editor for Morningstar.co.uk

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