Platform Summary
Munnypot is an online investment advice solution that aims to provide low cost, jargon-free support for those unable to access traditional financial advice and those looking for more than a self-service or guidance service.
Chatbot
Munnypot communicates with customers through an engaging, automated chatbot system, simplifying the decision-making involved in investing.
Monitored for you
Unlike most online investment services, Munnypot monitors your account 24/7.
Real time notifications
Munnypot will update you whenever you reach a key milestone. Should your investment ever deviate negatively from your goal, Munnypot will automatically notify you with advice to help you get back on track.
Munnypot Auto Select Stocks and Shares ISA Overview
The Munnypot Stocks & Shares ISA is provided in combination with automated online investment advice.
Munnypot’s regulatory position allows it to provide online financial advice on investments. This means that it will recommend which funds you should invest in to achieve your selected goal, whereas with most providers you must make the decision yourself. Munnypot also maximises your Stocks & Shares ISA allowance and monitors the performance of your fund against your goal.
Min Investment | £25 per month and/or £250 one off payment |
Maximum Investment | £3M |
Advice Fees | Advice fees starting from £0.42p per month and a £5 one-off fee |
Platform Fee | 0.11% per annum (charged monthly) |
Investment Management Fee | 0.15% - 0.22% per annum (charged monthly) |
Munnypot Junior ISA Overview
In addition to a Stocks & Shares ISA, Munnypot offers a Junior ISA. As with the Auto Select Stocks and Shares ISA, the Munnypot Junior ISA is provided in combination with automated online investment advice.
Munnypot’s regulatory position allows it to provide online financial advice on investments. This means that it will recommend which funds you should invest in to achieve your selected goal, whereas with most providers you must make the decision yourself. Munnypot also maximises your child’s ISA allowance and monitors the performance of your fund against your goal.
Min Investment | £25 per month and/or £250 one off payment |
Maximum Investment | £3M |
Advice Fees | Advice fees starting from £0.42p per month and a £5 one-off fee |
Platform Fee | 0.11% per annum (charged monthly) |
Investment Management Fee | 0.15% - 0.22% per annum (charged monthly) |
The value of investments can go down as well as up, so you could get back less than you invest. Tax treatment depends on the individual circumstances of each client and may be subject to change in future. Capital is at risk.
Munnypot Overview
Date Founded? | Jan 17 |
Location? | Crawley |
How is the investment secured? | Your Munnypot investment may be eligible for compensation of up to £50,000 per person per firm under the Financial Services Compensation Scheme (FSCS). The FSCS protects customers when UK authorised financial services firms go bust. |
FCA regulation? | Munnypot is a trading name of Munnypot Limited which is an Appointed Representative of Resolution Compliance Limited which is authorised and regulated by the Financial Conduct Authority. FRN 574048. |
What type of invest is it for? | Munnypot is for anyone, from first time investors to the more experienced. |
Is early exit possible? | Yes. Investors can choose to withdraw their money at any time without penalty. It can take up to 10 days for any money withdrawn to reach your designated bank account. |
How Does Investing with Munnypot Work?
As soon as you set up your account, Munnypot begins monitoring and tracking your investment performance in relation to your goal(s). Munnypot simplifies investing and fund selection, so investors of all experience levels can take advantage of the online investment advice.
Investor selects their chosen goal
The customer chooses the goal they wish to save for, the goal amount and the duration of time they wish to save.
Munnypot gives guidance towards risk
Munnypot carefully selects the appropriate fund for you to match your risk profile. Munnypot invests in index tracker funds, which means the funds match the market instead of trying to beat it. Index funds tend to be more stable than active funds, meaning they are less likely to jump up and down in value dramatically. The Vanguard funds chosen by Munnypot are globally diversified which helps reduce the risk of investment underperformance.
Real time notifications
Unlike most online investment services, Munnypot monitors your account 24/7 and updates you whenever you reach a key milestone. Should your investment ever deviate negatively from your goal, Munnypot will automatically notify you with advice to help you get back on track.
Top up and withdraw money for free
Munnypot appreciates that life isn’t always simple and that it’s important to have access to your money whenever you need it. That’s why they ensure your accounts are as flexible as possible.
Once you have your account set up, you can change anything at any time. You can pause, restart or amend your contributions whenever it suits you. You can also choose to withdraw some or all of your money for free at any time.
Why Should You Invest with Munnypot?
- Low-cost service ensures you keep more of your Munnypot investment return
- We monitor your investment 24/7 and notify you if your pot requires your attention
- You can choose to withdraw, top-up or amend your pot for free at any time
- Start investing from as little as £25 a month and/or a £250 lump sum
- Set up your account online in just 15 minute
The value of investments can go down as well as up, so you could get back less than you invest. Tax treatment depends on the individual circumstances of each client and may be subject to change in future. Capital is at risk.