Robo-adviser Wealthify has published its first-year performance figures, showing returns of up to 28.5 per cent.
All five of the risk-rated portfolios - cautious, tentative, confident, ambitious and adventurous - beat their benchmark between 12 February 2016 and 11 February 2017.
The highest risk plan, adventurous, achieved a return of 28.50 per cent, compared to an industry average of 23.45 per cent.
Michelle Pearce, chief investment officer at Wealthify said: “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.”
The growth portfolio achieved returns of 28.5 per cent while the ambitious one grew by 22.25 per cent.
Meanwhile the cautious portfolio grew by 8.86 per cent, the tentative portfolio grew by 11.86 per cent and the confident one returned 18.28 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.
Ms Pearce added: “With around £700bn 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 £15bn by today.”
Wealthify did not reveal its assets under management.
damian.fantato@ft.com
