I would need to track how much is theirs vs mine, so the pots make it cleaner. i don’t see it as the same as separate funds, its more separate groups of funds.
Not using the total ISA allowance wont be a problem in the short term.
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So I have my 2 kids JISA in vanguard, they have 8 and 10 years left to run before the kids can get hold of them so wondering what would be good markets to get into for them?
My advise as a longer term investor is its 100% a good idea to invest in the market to get you money working more. I’ve been doing investment for 15 years and its the best thing I ever did.
Personally I’d advise you don’t pick individual stock unless you’ve done your research or just picking relatively safe stocks like Apple or Microsoft. Try funds (or ETF’s if you want to use Free trade) as they offer a broad diversification at low rates and most of all read, try looking at a book called investing demystified it will give you a basic understanding and get you started, try to remember not to panic sell on a whim and its all about time in the market not timing the market.
Oh and don’t use Nutmeg or Moneyfarm, they charge high rates and don’t return from what I’ve heard from friends who’ve gone with them. Plus most of the time they simple invest in something like a All world ETF and a UK Gilts ETF and charge you 1%+ for something you can do on your own for nothing.
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To be fair to Nutmeg they don’t do this at all, that’s a bit of an oversimplification. Here’s an example of a Nutmeg portfolio I have - waiting for Freetrade to sort out transfers in.
Not denying this could be copied, but it’s a diverse spread which people without any investment knowledge could not easily replicate.
Would anyone want to? Do Nutmeg post the past performance of their portfolios anywhere? I found this article that suggests Nutmeg did worse than investing in a FTSE 100 ETF.
But the better comparison to what you posted would be something with global diversification.
I found this on their website, but am not sure if it’s the same thing you’re talking about. Anyway, they did 3.9% annualised the last 5 years. Or you could have just gone for a single global ETF like VWRL, which did 11.8%, is less risky, and could be had for much lower fees.
Which confirms my theory that Nutmeg and other robo-advisor portfolios are probably a whole lot of nonsense.
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Not denying any of that, can’t defend the indefensible etc.
I was simply saying investing in gilts and all cap isn’t what they do.
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Theres nothing there which most novice investor couldn’t understand and replicate in around 4 funds or ETF’s, massive overkill and overlap.
I’d be worried if that was my portfolio that’s for sure, but I’ve seen the same with Moneyfarm.
Personally I’d say if you can’t invest a little time to pick the best funds which isnt hard at all, most providers i.e. vanguard or HL give lists to help then I’d stick with cash ISAs.
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I’m not even sure there’s such a thing as a novice investor. Frankly, most wouldn’t know where to start, so to state a novice could replicate it, in my opinion of course, is nonsense.
It’s not always easy starting, which is part of the problem! But investors have to start somewhere, the sooner you start the sooner you start learning - I learn a lot quicker when there’s money at stake!
It’s very sensible to start off small with a platform that allows that 
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i agree with this, it is a bit of effort to learn about them, review historical performance, invest in them, track them, make changes etc.
Moneyfarm and Nutmeg all have profitable portfolios when you look from when they started, yes last year was not a good year, however last year was a challenging year across the board. i am happy that moneyfarm has returned me 25% since 2016 through a few clicks on a nicely presented app.
It’s not for everyone, but roboadvisors, in my opinion have their place.
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I’ve said this before, but there are a huge amount of people (it would appear), who want to feel like they are being proactive with their money (through investing), but don’t have the time/know how to do so.
The likes of Nutmeg, Wealthify and all the other robo advisors, take away the responsibility from the user - In return, the user pays a small fee.
To anyone who is remotely interested in investing, it will seem like very poor value.
But I’d imagine all of these people use the robo advisors, because they don’t want the “blood on their hands” if it all goes wrong, and the chances of anything going majorly wrong with a robo advisor is slim (as the money is spread across various funds etc).
This argument is effectively the same as “Why don’t Monzo pay more interest?”.
Monzo, in this example is robo advisor X - They provide a good service, take the hassle out of your money, and charge a small fee compared with much cheaper alternatives (through cash deposits, foreign ATM withdrawal limits, lower interest rate etc).
If you can learn and research the market (and stay on top of it), a robo advisor isn’t for you.
Otherwise, I definitely think they have their place.
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How do you see this breakdown of investments in Nutmeg? I can only see things at Pot level 
Log in via Chrome - request desktop site.
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What do you consider a small fee?
Under 15k, Wealthify fees would be 0.97%. That’s going to sting badly after a few years of compounding!
If you want compete simplicity at a decent price, just go with Vanguard Lifestrategy with fees all in of about 0.40% to 0.45%…
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Get yourself in a “circle” and you get 20% off (there is a Monzo one with the top level discount).
My argument isn’t based on the fees being small - It’s more that for the people who don’t have time to explore the options, the fee may be worthwhile to them.
Similar to the Monzo £1 fee for paying cash in I guess.
The circle is 20% off the 0.7% platform fee only, so it takes you to 0.83%…
If you want to pay for something you don’t need to pay for, then at least you’re subsidising the rest of us!
I agree. The fee is to bridge the perceived barrier to entry.
They don’t teach this in school, most people aren’t interested in learning. Nutmeg fills this gap.
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You seem to be missing the point a little bit.
These robo advisors aren’t designed for the experts, or even the semi knowledgable.
They are a stepping stone for people to learn more, or simply a middle ground between doing nothing with your money and going down the “proper” investing route.
You are coming from a POV where you know there are cheaper options available, and are comfortable investing your own money and taking the responsibility that comes with it.
Thousands aren’t, and as long as their money is making more than a decent savings account, I don’t see the issue.
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I completely agree, and there’s loads of people who could benefit.
Unfortunately, they’re also a bit of a rip off. The fees are just too high!
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It depends what you’re paying for. Freetrade for example might be very low in fees but at the cost (currently) of being barren of any features and having limits on orders.
HL might have higher fees but offer extensive features and live pricing etc.
Vanguard is in between these but offers limited selection.