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High minimum the downfall of Investec robo, analyst says

News Team, 17/05/2019

Fees and a high minimum deposit were the downfall of Investec's Click & Invest, a wealth analyst says.

Following yesterday’s news (16 May) that Investec has closed their robo-advisor platform after it racked up £26 million in losses, GlobalData wealth management analyst Sergel Woldemichael says similar will indeed become more prevalent.

Investec initially set the Click & Invest minimum investment at £10,000, but lowered this to £2,500 in January, presumably as it struggled to attract more c...


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