evestor review

One of many robo-advisers offering data-driven investing and low fees, evestor lets you invest as little as £1.

Updated

Fact checked
Evestor logo

What is evestor?

Launched in 2017, evestor is an online investment manager that aims to help customers grow their finances through passive mutual funds. Like many of its digital wealth management peers, evestor assigns investors to one of three portfolios, based on their financial goals and appetite for risk. evestor also provides a financial advice service called OpenMoney.

How does evestor work?

You can sign up for an evestor account via its website. You’ll then need to pick the account type you want to open and complete a questionnaire designed to determine your investment goals. You’ll then be assigned to one of three portfolios, based on your risk profile.

You can then deposit money into your account using direct debit, though it can take up to five working days for the money to transfer. Once your money is received, it will be invested into a range of passive mutual funds. Like most robo-advisers, you do not get to select the specific funds or assets that your money is put into.

You are free to withdraw your funds, though it takes five working days for your investments to be disposed of before your money can be withdrawn. You can track your investments online or by using the evestor app.

evestor portfolios

There are three evestor portfolios that are designed to meet different levels of risk. The targeted asset allocation of each portfolio is as follows:

Portfolio 1 – Low Risk (Cautious)

  • Cash – 22%
  • Equities – 24%
  • Property – 0%
  • Fixed interest – 54%

Portfolio 2 – Medium Risk (Balanced)

  • Cash – 6%
  • Equities – 61%
  • Property – 5%
  • Fixed interest – 28%

Portfolio 3 – High Risk (Adventurous)

  • Cash – 3%
  • Equities – 89%
  • Property – 5%
  • Fixed interest – 3%

What products does evestor offer?

Self-Invested Personal Pension (SIPP). If you want more control over your retirement funds, you can set up a SIPP account with evestor. As with any evestor product, you’ll be assigned a portfolio based on your level of risk, but can benefit from government tax relief, and also transfer an existing pension across to evestor.

Stocks and Shares Individual Savings Account (ISA). An ISA is a personal account that is exempt from income and capital gains tax. You can invest up to £20,000 per year in a stocks and shares ISA and then pay no tax on any potential gains.

General Investment Account (GIA). An evestor GIA is aimed at regular customers looking to open an investment account. There is no cap on the amount you can invest. However, your profits are likely to be subject to income and capital gains tax, depending on your current financial situation and existing personal tax rate.

Pros and cons of evestor

Pros

  • No upfront costs
  • You can invest from as little as £1
  • Offers pension and ISA accounts

Cons

  • Your capital is at risk
  • Only invests in passive mutual funds
  • Long withdrawal and deposit process
  • Only three risk portfolio options

How much does evestor cost?

evestor charges an annual management fee of 0.25%, as well as a 0.10% administration fee, on each of its portfolios. You’ll also pay a fund fee, which covers the cost of investing in the various funds.

  • Portfolio 1 (Low Risk) – 0.17% fund cost
  • Portfolio 2 (Medium Risk) – 0.16% fund cost
  • Portfolio 3 (High Risk) – 0.15% fund cost

Overall cost

This is the approximate amount you’ll pay in fees on each portfolio:

  • Portfolio 1 – 0.52%
  • Portfolio 2 – 0.51%
  • Portfolio 3 – 0.50%

Is evestor safe?

evestor uses 256-bit TLS encryption to protect your data and is authorised by the FCA. It is also therefore covered by the FSCS, so you may be entitled to compensation on your investment in the event that evestor ceases trading or defaults.

As with any other type of investment, whatever capital you invest with evestor is at risk, and there is no guarantee of returns. You may end up with less than you originally invested. The performance of each portfolio will also likely differ, and a higher risk portfolio does not necessarily mean higher profits.

Compare alternatives

Table: sorted by promoted deals first
Data indicated here is updated regularly
Name Product Price per trade Frequent trader rate Platform fees Brand description
Fineco
£2.95
£2.95
Zero platform fee
Your first 50 trades are free with Fineco, until 31/12/2020. T&Cs apply.
Fineco Bank is good for share traders and investors looking for a complete platform and wide offer. Capital at risk.
IG
0% commission on US shares, and £3 on UK shares
From £5
£0 - £24 per quarter
IG is good for experienced traders, and offers learning resources for beginners, all with wide access to shares, ETFs and funds. Capital at risk.
eToro Free Stocks
0% commission, no markup, no ticket fee, no management fee
N/A
Withdrawal fee & GDP to USD deposit conversion
Capital at risk. 0% commission but other fees may apply.
Hargreaves Lansdown Fund and Share Account
£11.95
£5.95
No fees
Hargreaves Lansdown is the UK's number one platform for private investors, with the depth of features you'd expect from an established platform. Capital at risk.
Interactive Investor
From £7.99 on the Investor Service Plan
From £7.99 on the Investor Service Plan
No transfer fees or exit fees. £9.99 a month on the Investor Service Plan
Open an ISA, Trading Account or SIPP you will get £100 of free trades to buy or sell any investment (new customers only).
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.
loading

Compare up to 4 providers

Data indicated here is updated regularly
Name Product Minimum deposit Maximum annual fee Price per trade Brand description
Moneyfarm stocks and shares ISA
£1500
0.75%
£0
Hargreaves Lansdown stocks and shares ISA
£100
0.45%
£11.95
Hargreaves Lansdown is the UK's biggest wealth manager. It's got everything you'll need, from beginners to experienced investors. Capital at risk.
Interactive Investor stocks and shares ISA
Any lump sum or £25 a month
£119.88
£7.99
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.
Saxo Markets stocks and shares ISA
No minimum deposit requirement
0.12%
£8.00
Saxo Markets offers a wide access to a range of stocks, ETFs and funds. Capital at risk.
AJ Bell stocks and shares ISA
£500
0.25%
£9.95
AJ Bell is a good all-rounder for people who to choose between shares, funds, ISAs and pensions. Capital at risk.
Fidelity stocks and shares ISA
£1000 or a regular savings plan from £50
0.35%
£10.00
Fidelity is another good all-rounder, offering a good package at a decent price. Not suited for trading shares. Capital at risk.
Nutmeg stocks and shares ISA
£100
0.75%
£0
Nutmeg offers three types of portfolios. Choose the one that goes with your investment style. Capital at risk.
Legal & General stocks and shares ISA
Legal & General stocks and shares ISA
£100 or £20 a month
0.61%
N/A
Legal & General is a big financial services company which offers insurance, lifetime mortgage, pensions and stocks and shares ISAs. Capital at risk.
loading

Compare up to 4 providers

Data indicated here is updated regularly
Name Product Minimum investment Choose from Annual fee Brand description
Moneyfarm Pension
£1,500 (initial investment)
7 funds
0.35%-0.75%
Moneyfarm has pensions that are matched against your risk appetite, goals and planned retirement date. Capital at risk.
AJ Bell Pension
£1,000
Over 2,000 funds
0.05-0.25%
AJ Bell has two different pension options, a self managed pension and one that is managed for you. Capital at risk.
PensionBee Pension
No minimum
7 funds
0.5% - 0.95%
Pension Bee is a newbie in the pension market. It helps consolidate your pension plans into one place. Capital at risk.
Hargreaves Lansdown Pension
£100 or £25 a month
2,500 funds
0-0.45%
Hargreaves Lansdown is the UK's biggest wealth manager. It's got three different retirement options. Capital at risk.
Interactive Investor Pension
Any lump sum or £25 a month
Over 3,000 funds
£10/month
interactive investor is a flat-fee platform, which makes it cost effective for larger portfolios. Capital at risk.
Saxo Markets Pension
Saxo Markets Pension
£10
Over 11,000 funds
No annual fee
Saxo Markets gives flexibility and control over your investment strategy. Capital at risk.
Moneybox Pension
£1
3 funds
0.15% - 0.45% charged monthly
Manage your money with an easy-to-use Moneybox app. Capital at risk.
loading

Compare up to 4 providers

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Capital is at risk.

Frequently asked questions

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Capital is at risk.

More guides on Finder

  • Compare business bank accounts for startups

    Started up your own business and want to know more about opening a bank account? We take a look at what’s involved.

  • Airbnb has filed an IPO — here’s how to buy in once the stock goes live

    Airbnb has reportedly filed an initial public offering (IPO), meaning it’s ready to fluff up the cushions, wipe down the surfaces and open the doors to public investors. Find out how to invest in Airbnb.

  • Life insurance for self-employed individuals

    Are you self-employed and looking for life insurance? Read our comprehensive guide on what options are available and what’s included.

  • What are annuities?

    We’ve compiled all of the information you need to know about annuities – what they are, the different types available and whether they’re taxed.

  • Best private pension

    We’ve compared some of the best private pensions to find the best for fees, charges, mobile access and consolidating old pensions.

  • What is a private pension?

    Private pensions are set up separately from, and often in addition to, workplace and state pensions. Paying into a private pension has some great tax benefits and can boost your income in retirement.

  • Invest in Hang Seng

    Find out what makes up the Hang Seng index. We’ve compiled the different ways that you can invest in Hang Seng, such as through ETFs.

  • Invest in DAX

    Find out how to invest in DAX, the 30 largest companies on the Frankfurt Stock Exchange. We’ve compiled some ETFs and other ways you can invest.

  • Invest in FTSE 250

    Find out how you can invest in the FTSE 250 with exchange traded funds (ETFs). See which 250 companies on the London Stock Exchange are in the FTSE 250.

  • How to buy Ant Group shares in the UK

    UK investors may need to get creative to back this highly anticipated Chinese IPO. Here’s everything we know about the offering, plus how to buy in.

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site