Wealthify vs Moneyfarm

Whether you want to bring in the bacon or increase your wealth, we compare two popular investment platforms aimed to do just that.

Updated

Fact checked

Interest rates are sitting pretty low at the moment, which means the money sitting in our savings accounts is gathering little more than dust. As a result, more and more people are turning to investing to get more from their money.

Digital “robo-advisors” are starting to pop up all over the place, allowing newbies to get involved with investing without a huge amount of knowledge, research or even money.

Two examples are Moneyfarm and Wealthify, digital investment platforms that aim to make investing easy and jargon-free.

But how do they compare against one another?

Promoted
Moneyfarm

‎Open a stocks and shares ISA with Moneyfarm today

Capital at risk

  • Access account any time using the app
  • Get investment advice to help grow your money
  • Transfer and withdraw money with no fees
  • Set up your ISA in minutes

Wealthify vs Moneyfarm

WealthifyMoneyfarm
Overall rating★★★★★★★★★★
Markets and products rating★★★★★★★★★★
Costs rating★★★★★★★★★★
Mobile and web features rating★★★★★★★★★★
Learning resources and tools rating★★★★★★★★★★
Go to site
More Info
Go to site
More Info

What markets and products do they cover?

WealthifyMoneyfarm
Rating★★★★★★★★★★
Risk assessment quiz
3 or more portfolios
5 or more portfolios
ETFs
Stocks and shares ISA
Pension (SIPP)
Lifetime ISA (LISA)
Junior products
Ethical investing
Go to site
More Info
Go to site
More Info

Costs of investing

WealthifyMoneyfarm
Rating★★★★★★★★★★
Cost of investing £10,000£82.00£104.00
Cost of investing £100,000£820.00£640.00
Cost of investing £1m£8,200.00£6,400.00
Average cost per £100£0.82£0.77
Go to site
More Info
Go to site
More Info

Mobile and web features

WealthifyMoneyfarm
Rating★★★★★★★★★★
Desktop/web app
iPhone app
Android app
Share price notifications
Go to site
More Info
Go to site
More Info

Learning resources

WealthifyMoneyfarm
Rating★★★★★★★★★★
Guides and information on products available
Videos and walkthroughs
Demo account
Advice
Go to site
More Info
Go to site
More Info

Wealthify vs Moneyfarm: Costs

Moneyfarm has something called “tiered charging” – this just means that you are charged at different rates based on how much you invest.

Moneyfarm charges 0.75% for investments up to £10,000, 0.60% on investments between £10,001 and £50,000, 0.50% on investments between £50,001 and £100,000 and 0.35% for investments over £100,000. There are also fund fees charged by the ETF providers of 0.20% and a market spread fee of up to 0.09%.

Wealthify charges a flat rate of 0.6% on your investment amount, plus fund fees of around 0.22% (0.66% for ethical investing).

That’s a lot of numbers, but what does it all actually mean?
If you invest £10,000 with Moneyfarm then you’ll spend £104 (in a year)
If you invest £10,000 with Wealthify then you’ll spend £82 (in a year)

If you want to check these kinds of stats out yourself with the amount of money you have to invest, then you can do so on both provider websites.

Our verdict: Is Wealthify better than Moneyfarm?

These two platforms have very similar features, so no matter which one you go with, you’ll have a pretty similar experience. Wealthify’s fees tend to be lower for investments up to £100,000. If you’re investing more than £100,000 then Moneyfarm will cost you less.

If you’re set on ethical investing, Moneyfarm doesn’t have this option available, so you’ll want to look further into Wealthify or explore other platforms. One major thing Moneyfarm has that Wealthify doesn’t is the ability to give financial advice. Moneyfarm has a blend of automation and real advice, which means that you can ask an actual human being for help with your investments.

Wealthify

Open an account with Wealthify and start investing today

  • Start investing with as little as you want
  • Withdraw your money anytime
  • Download the app for free
  • Refer a friend and get £25
Promoted

Compare platforms similar to Wealthify and Moneyfarm

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 100 trades are free with Fineco, T&Cs apply.
Fineco Bank is good for share traders and investors looking for a complete platform and wide offer. 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.
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.
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.
Degiro Share Dealing
£1.75 + 0.022% (max £5.00)
£1.75 + 0.022% (max £5.00)
Portfolio transfer fees (in & out)
Degiro is widely seen as one of the best low-cost share brokers, for people who are looking to trade regularly. 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
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.
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.
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.
Moneyfarm stocks and shares ISA
£1500
0.75%
£0
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.
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
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.
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.
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.
Penfold
Penfold
No minimum
4 portfolios
0.75-0.88%
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. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

More guides on Finder

  • The 7 best stock trading apps and platforms in the UK

    We’ve taken a look at some of the best trading apps in the UK and explained who they’re best suited to. Our table compares fees and services too.

  • How to invest in the Shanghai Stock Exchange (SSE) from the UK

    Here’s the cheapest and easiest ways to invest in the world’s 4th-largest stock exchange.

  • How to invest in a falling market

    Find out 5 key ways to invest in a falling or “bear” market. Paid content.

  • gohenry vs Osper: Fees, features and more

    Both GoHenry and Osper are suitable for parents looking for a children’s prepaid card that comes with great parental control options. Here we compare their features and fees to help you choose the best for you.

  • Buy Saudi Aramco shares

    Saudi Aramco is an oil company in Saudi Arabia. Find out if you can buy shares in Saudi Aramco and alternative ways to invest.

  • 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.

  • Invest in the 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.

  • Best first credit cards

    If you’re looking to take out your first credit card, it can be hard to know what to look for. Here’s what you need to do to find the first credit card that’s best for you.

  • Fineco promo codes for January 2021

    Check out our Fineco promo codes and special offers to see if you can start investing with FinecoBank without having to pay extra.

  • Car insurance group 42

    Find out what cars are available in insurance group 42 and how much it costs to insure them.

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