95%Would buy again
I opened a stocks and shares ISA here, my first ever investment. Setting up the account took a while because I had to upload my proof of address twice, but once it was approved everything moved along well. The welcome emails explained things without being condescending, and I've been adding a bit each month since. Feels a lot less scary than I expected.
Read moreI was asked for the same documents on three occasions before my account was finally approved, which was rather tiresome. It was explained each time, but I did expect a smoother start. Nothing wrong with the investments themselves, though.
Read moreWould pick them again over the high street options. I looked at a couple of other robo platforms and a traditional adviser before settling on this, and the monthly costs were the deciding factor for me. Signing up took about twenty minutes on my laptop and I set up a regular monthly amount straight away. Only thing I'd flag is the customer chat takes a while to get a human on it, but everything…
Read moreCompared with the other app I tried first, this took longer to get my account approved, around two weeks in total. The customer emails were helpful once I got through to someone, but the wait was frustrating when I wanted to start. Fees are fair and it's easy to use now I'm in.
I made my first top up and the money took about four working days to show up, which felt slow compared with my current account. The app kept showing it as pending which was a bit confusing. It did arrive in the end.
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Wealthyhood is a UK investment platform that lets people invest in a range of exchange-traded funds and shares through an app. The company positions itself around low-cost, long-term investing and automated portfolio management for everyday savers. Its service is delivered entirely online, with customers opening and managing accounts through the Wealthyhood website and mobile app.
Its customers are individuals who want a straightforward way to build wealth over time without managing individual holdings themselves. The firm is authorised and regulated in the UK, and it presents its fee structure and investment approach openly on its website.
