Moneyfarm is an online investment platform that allows you to invest in Stock & Shares ISAs and General Investment accounts. Most platforms will charge you a set percentage for managing your money, ranging from 0.15% (Vanguard) up to a couple of percentage points. Up until a recently Moneyfarm offered the first £12k of your portfolio fee free! However, I received an email the other week outlining fee changes to my Moneyfarm S&S ISA. I do not have the majority of my portfolio in Moneyfarm, however I do "play the game" and have just under £12k in there (all fee free!) Given this news, if you have smaller amounts within Moneyfarm and have previously qualified for this "fee free amount", then you may want assess alternatives and switch to another provider. Admittedly, they have lowered the cost of a lot of the higher brackets, but definitely for the lower amounts it may be worth considering, especially if you are on the "fee free" offer. For me,...
Intentional saving, spending and parenting