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Wealthify records benchmark-beating returns in first year


Online investment service Wealthify has delivered benchmark-beating returns across all five of its risk profiles – known as investment styles, ranging from ‘cautious’ to ‘adventurous’ – during its first year of operation.

In an environment of record low interest rates, all five of Wealthify’s model portfolios: Cautious, Tentative, Confident, Ambitious and Adventurous, beat their benchmark, with the highest risk plan, Adventurous, achieving 28.50 per cent growth, compared to an industry average of 23.45 per cent.

Wealthify’s performance is measured against ARC benchmark data, which combines the performance of thousands of other investment portfolios, including those managed by leading UK investment management services, like UBS, JP Morgan, Coutts and Barclays Wealth.

Michelle Pearce, Chief Investment Officer, Wealthify, says: “We’ve achieved higher growth for our clients’ investments in comparison to a raft of major traditional wealth managers, all the while staying committed to low fees, transparency and a small minimum investment. Our returns, combined with our simple, affordable and jargon-free approach to investing means everyone, regardless of their experience, can make their money work harder than it currently does in cash savings.”

In a year characterised by remarkable events, Wealthify was able to achieve significant returns for its customers by careful adjustment of asset allocations to create value across all Plans. Wealthify’s investment team was also careful to mitigate against events such as Brexit, ensuring that potential losses were minimised through tight risk management controls and suitable diversification.

Pearce adds: “With around GBP700 billion stagnating in cash savings accounts in the UK, our performance figures are a stark reminder of just how much potential growth UK savers are missing out on. If Brits had put just a quarter of their cash savings into our most cautious risk plan over the past year, collectively their savings would have grown by over GBP15 billion† by today.”

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