Interactive investor launches managed ISA – is it any good?

If you want to invest but don’t know where to start, a managed ISA could be a good solution. Here's a first look at interactive investor’s new product and how it compares to others in terms of fees, investment choice and service.

Trading online stocks and shares
(Image credit: solarseven)

Interactive investor, the UK’s second largest investment platform, has launched a managed ISA service to help investors who are just getting started. If you are keen to open a stocks and shares ISA but don’t know what to include in it, a managed portfolio could be a good solution.

Interactive investor's managed ISA allows you to choose from ten different ready-made portfolios. The investment platform says this service will bring a “whole new dimension of simplicity, convenience, and value to the UK investing landscape”. 

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ProviderAccount feeInvestment costsTotal annual costs
Interactive investor£4.99 per month0.19%£98
Vanguard0.45%0.15%£120
Wealthify0.60%0.16%£152
AJ Bell0.25%Typically 0.6-0.8% per year£170-£210, plus a £1.50 charge each time you buy or sell a fund
Hargreaves Lansdown0.45%0.91-0.97%, depending on the investment approach you choose£272-£284
Swipe to scroll horizontally
ProviderAccount feeInvestment costsTotal annual costs
Interactive investor£4.99 per month0.19%£79
Vanguard0.45%0.15%£60
Wealthify0.60%0.16%£76
AJ Bell0.25%Typically 0.6-0.8% per year£85-£105
Hargreaves Lansdown0.45%0.91-0.97%, depending on the investment approach you choose£136-£142
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Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.