Investments for TSB Customers provided by Wealthify
Wealthify offer an easy and affordable way to invest. Your money is carefully managed by their team of experts and invested in a way that matches your needs. Choose one of the products below to get started.
With investing, your capital is at risk. The tax treatment of your investment will depend on your individual circumstances and may change in the future.
Choose your Account
What is a General Investment Account?
- A flexible, standard investment account
- No annual limit on contributions - pay in as much as you like
- Returns are subject to tax
- A good option if you've used your annual ISA allowance
- With Wealthify there's no minimum investment, and you can withdraw anytime without penalty
What is a Junior ISA?
- A Stocks and Shares Junior ISA that lets you invest for your child's future
- Pay in up to £9,000 every tax year
- Tax free returns
- The money belongs to your child, and can only be accessed by them when they turn 18
- Easily transfer an existing Junior ISA (JISA) or Child Trust Fund (CTF) to Wealthify
What is a personal pension?
- Also known as a Self Invested Personal Pension (SIPP)
- Invest up to £60,000 or 100% of your earnings (whichever is lower) across all your pensions
- We automatically add 25% tax relief
- If you're a higher rate tax payer you can claim additional relief through your tax return
- Minimum initial investment is £50 and minimum monthly investment is £50
Why Wealthify?
We want to help make your money work harder. It's simple - you choose what type of investor you want to be, from cautious to adventurous, and we'll build you an investment Plan and manage it for you.
There's no minimum investment, and you can withdraw anytime with no penalties. We also offer ethical Plans, so you can easily invest in line with your values.
Strength In Depth
Wealthify is backed by Aviva, one of the UK’s largest financial services institutions which has looked after British consumers for more than 300 years.
We operate independently of Aviva, which means you get the best innovation in smart simple investing together with the security of knowing that we’re here to stay and operate to the highest standards.
Being part of the Aviva group of companies allows us to develop our business, but at an accelerated pace and with greater confidence.
Wealthify Customer Reviews
Learn more about Wealthify
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Who is Wealthify backed by?
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Wealthify is backed by Aviva, the UK’s largest insurance provider and a global financial services company.
Wealthify remains fully authorised and regulated by the Financial Conduct Authority. Our customers’ money will be covered by the Financial Services Compensation Scheme (FSCS) up to £85,000.
Aviva and Wealthify are independently covered by the FSCS scheme, so a customer holding funds with both companies will be covered by the FSCS on each other their balances up to £85,000.
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Is my money safe?
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Yes, your money is safe when using Wealthify, as the companies we work with, and Wealthify itself, are regulated by the Financial Conduct Authority and hold your cash securely and separately from their own. This means that if Wealthify went into administration, our creditors wouldn’t have a claim to your assets.
Here’s a simple breakdown of who holds the funds to each of our products:
INVESTMENT CUSTOMERS
General Investment Account
Your funds are held by Winterflood Securities Limited.Stocks and Shares ISA
Your funds are held by Winterflood Securities Limited.Junior ISA
Your funds are held by Winterflood Securities Limited.Self-Invested Personal Pension
Your funds are held by Embark Investment Services.Aviva and Wealthify are independently covered by the FSCS scheme, so a customer holding investments with both companies can be covered by the FSCS on each other their balances up to £85,000.
It's important to understand that the FSCS doesn't cover you in the event that your investments do not perform as expected, and you get back less than you originally invested.
For more information about FSCS cover for investment products, visit the FSCS website.
SAVINGS CUSTOMERS
Instant Access Savings Account
Your funds are held by ClearBank Limited.Please be aware that all your eligible deposits in accounts powered by ClearBank are added together when determining your level of FSCS protection. Compensation is limited to a maximum of £85,000 per person, per banking licence. Visit the ClearBank website to see which other deposit providers have accounts using ClearBank's banking licence.
If Wealthify were to fail: ClearBank will continue to hold your funds and there would be no need for the FSCS to step in.
If ClearBank were to fail: you would need to make a claim via the FSCS where they will step in to protect your funds up to a maximum of £85,000.For more information about FSCS cover for savings products, visit the FSCS website.
For any other queries about FSCS cover with Wealthify, visit our dedicated FSCS Protection page.
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Where is Wealthify based?
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We’re based in Cardiff, in South Wales. Wealthify is a UK limited company registered in England and Wales (No. 09034828). Our registered office is Tec Marina, Terra Nova Way, Cardiff, CF64 1SA. We are authorised and regulated by the Financial Conduct Authority (No. 662530).
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Who decides how my money is invested?
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Your money is looked after by a team of qualified investment managers with experience in established firms all over the world. Our experts have developed an investment system that uses algorithms and industry experience to pick the best funds available to you, then builds you an investment plan that suits your goals and attitude to risk. And because things are always changing in the financial markets, our team monitors and adjusts your plan regularly, to make sure your money works as hard as you do.
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Do you provide financial advice?
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No. We are not regulated to give you advice on whether investing is right for you. If you’re unsure, you should always seek the advice of an Independent Financial Adviser (IFA).
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Can I pick stocks or choose what I invest in?
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No, that’s what we’re here for. We build your Investment Plan based on what you tell us about your attitude to risk with money, how much you have to invest, and by when you hope to reach your investment goals. Then we monitor your investments to make sure they’re on track.
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Is there a minimum amount I need to invest?
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We’ve aimed to make it as affordable as possible to open an account with us. You can start your ISA, GIA or Junior ISA account with us for as little as £1, and open a pension with just £50. You can then choose if you want to make additional one-off or regular monthly payments. There’s no minimum top up amount for our Junior ISA, ISA or a GIA accounts, but each payment to your pension needs to be at least £50.
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What fees will I pay on my Investment Plan?
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There are two costs and charges to be aware of when investing with Wealthify – a Wealthify management fee and investment costs. Investment costs include fund charges (taken directly by the fund provider) and market spread.
Wealthify Management fee
Wealthify charges a simple annual fee, payable monthly based on the value of your investments. This fee covers everything we do, including setting up your account, looking after your money and optimising your investments, which is known as rebalancing’.
Fund charges
We invest your money in carefully selected, low-cost investment funds from providers such as Vanguard and Blackrock. These incur a small annual charge, which is taken at source by the fund provider.
Market spread
These costs are incurred as a result of the process of buying and selling investments and as such must be considered as part of the overall cost of investing.
To get an idea of what your fee would be, why not check out our Fee Calculator.