• Four portfolios of market leading actively managed funds catering for capital growth or income
• No fee for the portfolio service itself
• Average annual fund charges range from 0.59% to 0.83%
• AJ Bell platform fee of up to 0.25%
Investment platform AJ Bell has launched a new range of ready-made portfolios for the growing number of DIY investors who need help deciding how to invest their long term savings.
AJ Bell Youinvest already has a range of automated guidance services which offer retail investors a cost effective alternative to robo-advice. These ‘robo-guidance’ options include six low-cost, multi-asset passive funds (The AJ Bell Passive fund range) and the AJ Bell Favourite funds list comprising 76 researched funds, covering a variety of investment sectors, supported by an online filtering and selection tool.
The AJ Bell Ready-made portfolios build on that by offering a range of four portfolios constructed from some of the best actively managed funds in the market, at no additional cost to the customer.
The AJ Bell Ready-made portfolios
The four ready-made portfolios have varying allocations to shares, bonds, property and infrastructure to suit different risk appetites and investor needs, be it capital growth or income.
The portfolios are made up of active funds run by some of the leading fund managers in the market, which are researched and chosen by AJ Bell’s investment experts. To ensure they are easy to manage, each portfolio is made up of six or seven funds and investors can adjust the portfolios to suit their specific needs before purchasing them.
There is no fee for the portfolio service itself. The average annual fund charges within the portfolios range from 0.59% for the cautious portfolio to 0.83% for the adventurous portfolio. The portfolios can be invested across the whole range of AJ Bell Youinvest products, including SIPP, Dealing account, ISA, Lifetime ISA and Junior ISA accounts. AJ Bell’s platform charges are in addition, with funds costing £1.50 each to buy and an annual custody charge of no more than 0.25%.
Andy Bell, chief executive of AJ Bell, comments:
“The majority of retail investors need help choosing funds and not all can afford to pay for advice. There are several thousand funds in the market which makes the task of putting together a diversified portfolio nigh on impossible for the typical DIY investor.
“Our new Ready-made portfolios can be used by anyone but are primarily aimed at customers who are new to investing and are designed to make investing easy. They contain some of the best funds in the market that have been thoroughly researched and analysed by our team of investment experts. This should give investors confidence when deciding how to invest their ISAs and pensions.”
AJ Bell Ready-made portfolios:
|
Portfolio name |
Risk rating (out of 10) |
Asset allocation |
Average annual fund charge |
||
|
|
|
Shares |
Bonds |
Other |
|
|
Cautious |
3 |
20% |
70% |
10% |
0.59% |
|
Balanced |
5 |
57% |
33% |
10% |
0.76% |
|
Adventurous |
7 |
89% |
6% |
5% |
0.83% |
|
Income |
5 |
55% |
25% |
20% |
0.75% |