Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Investec cuts minimum robo investment by 75%

Investec cuts minimum robo investment by 75%

Investec Click & Invest has drastically reduced its minimum investment amount by 75% from £10,000 to £2,500.

The division's chief executive, Jane Warren, said: ‘The online investment industry is still relatively young, and at Click & Invest we are continually monitoring for and developing ways of enabling people to discover the benefits of investing.

‘We are pleased to announce a new minimum investment threshold. Not only will it enable more investors to benefit from our commitment to delivering a high-quality active investment service it also furthers our mission to make investing as straightforward and transparent as possible.’

The service, which launched in 2017 after a two-year delay, charges an annual management fee of 0.65% on the first £100,000 invested, 0.50% on the next £150,000 invested and 0.35% on funds above £250,000.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Hugh Young: the buck stops with me on Asia recovery

Hugh Young: the buck stops with me on Asia recovery

The Veteran Asia Pacific fund manager discusses how he is going to improve the performance of Aberdeen Standard Asia Focus and the other investment trusts run by his team.

Play Tim Steer: fund managers will have to get 'stuck in'

Tim Steer: fund managers will have to get 'stuck in'

The second part of our film with former Artemis and New Star fund manager Tim Steer looks at how his profession has evolved over the past two decades.

2 Comments Play Tim Steer: how to spot a stock disaster coming

Tim Steer: how to spot a stock disaster coming

The former Citywire AAA-rated fund manager has written a book on 22 stock disasters and how forensic examination of annual reports could have spotted them coming.

Read More
Your Business: Cover Star Club

Profile: 'Growing pains' - inside a boutique profit battle

2 Comments Profile: 'Growing pains' - inside a boutique profit battle

South London-based Fowler Drew has moved back into the black after spending a couple of years in the red

Wealth Manager on Twitter