Quilter Invest review: Is it the best investing app?

What is Quilter Invest?

Quilter Invest* (formerly known as Nuwealth and prior to that, Wombat Invest) is a low-cost investing app, originally founded in 2019 by Australian entrepreneur Kane Harrison. The app is primarily aimed at young and novice investors, providing an easy way to invest in fractional shares and Exchange Traded Funds (ETFs), simplifying the investing process while keeping costs low.

In June 2024, Wombat Invest rebranded to NuWealth, a digital savings and investment platform that is part of FTSE-250 wealth manager Quilter. Then, in October 2025, NuWealth rebranded as Quilter Invest, stating "This marks a significant step in the platform’s integration with Quilter, aligning it with the wider brand and creating a more cohesive experience for customers and financial advisers across Quilter’s services".

In this independent Quilter Invest review, we take a look at the key features, how much it costs to invest as well as how it compares to other popular investing apps including AJ Bell Dodl*, Plum* and Moneybox. 

Quilter Invest features

• Start investing from as little as £10
• Access to fractional stocks and ETFs
• Access to fractional shares in US, UK and EU companies
• Access to 30+ funds and ETFs
• Set up automatic investments with 'auto-invest'
• Open a free easy access account through GB Bank
• UK-based customer service team available 7 days a week, 365 days a year

How does Quilter Invest work?

Users can access Quilter Invest via a smartphone app available on the Apple and Google Play store. Users will need to create an account by submitting some personal information, including an email address, phone number, national insurance number and bank details. Users will then need to choose how much they would like to initially invest, with £10 being the minimum investment to open an account.

What products can you invest in with Quilter Invest?

Quilter Invest customers can choose from four different account options including a General Investment Account*, Stocks and Shares ISA*, Junior ISA* and SIPP*.

Customers also have access to five 'ready-made' portfolios, a selection of themed funds as well as a choice of shares and ETFs. Those who opt for a General Investment Account can also invest in fractional shares from as little as £10. We explain the investment options in more detail below.

Quilter Invest round-ups

Quilter Invest no longer allows round-ups and the feature was turned off on 25th August 2025, when it changed its Direct Debit provider. In response, Quilter Invest stated 'We know it was much-loved, but we're focused on building new tools to help you grow your wealth effortlessly'.

Quilter Invest auto invest explained

The auto-invest feature allows you to set a monthly amount that you want to invest in themed funds or stocks of your choice. You can choose to auto-invest on specific dates with Quilter Invest. The minimum monthly auto investment is £10 and there's no maximum. You can always adjust the amount you want to invest via the app as well, or cancel the feature.

What can you invest in with Quilter Invest?

There are a range of different investment options you can choose with Quilter Invest.

What stocks can I invest in with Quilter Invest?

You can invest in a total of 42 different stocks, including popular stocks such as Tesla, Apple, Google (Alphabet), Amazon and Facebook (Meta). Quilter Invest also allows users to invest in fractional shares. A fractional share is when you own less than one share in a company and so allows those with smaller sums of money to invest directly in companies whose shares they may otherwise be unable to afford. The choice of available shares can easily be filtered by country, meaning investors can opt to see just the UK or US shares on offer or alternatively investors can choose a category that interests them such as Fashion, Entertainment or Food and Drink.

What ETFs and funds can I invest in with Quilter Invest?

You can invest in a total of 30+ different ETFs and funds with Quilter Invest. Users will need to pay a £2 per month subscription fee, a platform fee of 0.25% per year and provider fund fees of between 0.07% and 0.75% (depending on which ETFs you are invested in). Among the funds on offer, Quilter Invest has 24 ETFs, 5 funds, and 2 ETCs.

They're broken down into multiple sectors or themes to help you decide what to invest in. We list the funds within the respective sectors below. Bear in mind, some funds meet multiple criteria and therefore they can be found in several sectors (or themes).

Quilter Invest 'Themes'

• Technologies -  The Techie, The Battery Room, Join the Metaverse, The Blockchain, The AI, Powering the Internet, The Space Age, The Gamer, The Robo, and The Innovator
• Fashion - The High Ender
• Ethical Investing - The Future of Food, Medical Cannabis, The Electric Car Revolution, The Green Machine, The Goodies, Women in Power, The Innovator
• Global Brands - The High-Ender, Join the Metaverse, The World's Greatest, Fly the Flag, All American, The British Bulldog
• Diversification - Bond Global Bond, Slow and Steady, Solid Silver, The Adventurer, The Balanced, The Lifestyler, Women in Power
• Food and Drinks - The Future of Food, The Foodie, The Snack Attack
• Commodities - Pure Gold, The Money Maker
• Scientific - The Healthcare Innovators
• Model Portfolios - The Adventurer, Slow and Steady

Quilter Ready-Made Portfolios

In addition to stocks, ETFs and Themed funds, Quilter offers five 'ready-made' multi-asset funds. The Quilter 'MyGoal' funds are managed by experts at Quilter, designed for people who are not sure where to start and want to take the hassle out of investing.

• MyGoal Conservative - The lowest-risk option. It's designed for cautious investors who are more focused on protecting their money than seeking high growth.
• MyGoal Balanced - An option for those who want a balance between stability and growth.
• MyGoal Moderate - This one tilts the balance a bit more towards growth. It's for people who are comfortable taking on a bit more risk than the "Balanced" fund to try and get better returns.
• MyGoal Dynamic - This is for investors who are willing to accept higher risk in exchange for the potential of higher long-term rewards.
• MyGoal Adventurous - The highest-risk fund in the range. This is for investors who are comfortable with significant market swings and are focused on maximum long-term growth.

The Quilter Mygoal funds are best-suited for those who want a simple, low-cost, diversified investment without having to build and manage it themselves. Investors simply choose their risk level and let the fund do the rest.

Quilter Invest Savings accounts

If you're not ready to invest your cash yet, Quilter Invest offers an easy-access savings account with an interest rate of 3.34% AER variable. The account is provided by GB Bank and is called the GB Bank base rate tracker. The account automatically updates with the Bank of England base rate, guaranteeing to never stray more than 0.5% below it. It also pays interest daily, allowing your savings to compound faster.

Quilter Invest previously offered notice accounts as well, however, these are no longer available to new customers. The accounts are offered in partnership with GB Bank and therefore come with FSCS protection up to £120,000.

How much does Quilter Invest cost?

Stocks & Shares ISA / Junior ISA / General Investment Account

Quilter Invest customers pay a fixed subscription fee of £2 per month. In addition, users are charged a platform fee of 0.25% of the portfolio value. If investing in foreign shares then a 0.40% foreign exchange fee applies to each trade.

SIPP

Customers can choose to invest in one of Quilter's professionally managed 'MyGoal' funds, which are tailored to varying risk appetites ranging from Conservative to Adventurous. The platform fee is just 0.15%, fund fees range from 0.34% and 0.38%. There are no monthly fees.

Below, we compare the features available depending on which account you opt for.

Quilter Invest Standard plans compared

	General Investment Account (GIA)	Stocks & Shares ISA	Junior Stocks and Shares ISA	SIPP
Monthly Fee (one fee unlocks all investment accounts)	£2	£2	£2	£0
Platform fee	0.25%	0.25%	0.25%	0.15%
FX fee	0.40%	0.40%	0.40%	N/A
Individual shares	YES	YES	YES	NO
Fractional shares from £10	YES	NO	NO	NO
Themes (ETFs)	YES	YES	YES	NO
Round-ups	NO	NO	NO	NO
Auto invest	YES	YES	YES	YES
Instant deposits	YES	YES	YES	YES
Learning resources	YES	YES	YES	YES

Is Quilter Invest safe?

Any cash that is not invested and showing as cash in the Quilter Invest account is held in a segregated client money account provided by Lloyds Bank PLC. Similarly, any investments that are sold are held within the same segregated account until you choose to reinvest the money or you can choose to have the money returned to your nominated bank account. Money held within the segregated Lloyds account is protected in accordance with the FCA’s client money rules which means that if it becomes insolvent, you may be entitled to a compensation claim from the Financial Services Compensation Scheme (FSCS), up to the maximum amount of £85,000 per person.

Additionally, if your money is invested in a fund and the fund provider has been declared in default, you may be entitled to a compensation claim up to the maximum amount of £85,000 via the Financial Services Compensation Scheme (FSCS).

Quilter Invest customer reviews 

Quilter Invest is rated as 'Average' on independent customer review site Trustpilot, scoring 3.7 out of 5.0 stars based on around 500 reviews. 65% of reviewers rate it as either 'Excellent' with only 12% rating it as 'Bad'. Many of the excellent reviews like the quick and easy application process as well as the excellent customer service. Of the negative reviews, some have expressed disappointment in the time it takes to withdraw money.

Alternatives to Quilter Invest

If you are considering investing from your mobile phone, we provide a comprehensive list of the best investment apps in the UK in our article 'Best investment apps in the UK - How to invest from your mobile'. Below we have provided comparisons to Quilter Invest's closest competitors, AJ Bell Dodl, Moneybox and Plum.

Quilter Invest vs AJ Bell Dodl

AJ Bell Dodl* does not charge a monthly subscription fee and charges an annual platform fee of 0.15% (minimum monthly fee of £1) compared to a monthly fee of £2 and a 0.25% charged by Quilter Invest. Like Quilter Invest, AJ Bell Dodl offers themed ETFs as well as access to seven diversified ready-made portfolios, provided by AJ Bell. AJ Bell Dodl also offers access to direct share dealing, but only on a range of shares in the UK at present (access to US shares is coming soon). AJ Bell Dodl has the same product choice, offering a pension as well as a General Investment Account and Stocks and Shares ISA.

For a more comprehensive look at AJ Bell Dodl, check out our independent AJ Bell Dodl review.

Quilter Invest vs Moneybox

In terms of product choice, Moneybox offers a few more options, offering 5 different savings accounts, a pension, Junior ISA, Lifetime ISA, Stocks and Shares ISA and General Investment Account. While Quilter Invest charges a £2 per month subscription fee, Moneybox charges a £1 per month subscription fee for its investment accounts, however, new users will get the first 3 months fee-free. Moneybox also charges a platform fee of 0.45% for its investment accounts, which is higher than the 0.25% platform fee charged by Quilter Invest.

Quilter Invest no longer offers round-ups, so those wishing to invest via round-ups should take a look at Moneybox. If it is purely down to cost, Quilter Invest may work out cheaper, but if product choice is a major consideration, then Moneybox would be the sensible option.

For a more comprehensive look at Moneybox, check out our independent Moneybox review.

Quilter Invest vs Plum

Plum* started life predominantly focused on savings, helping its users to save money into pots using smart AI technology. It has since expanded into investing and now offers a number of investing accounts as well as a personal pension. Plum offers a free account as well as a monthly subscription account, with additional features on offer for those who are happy to pay a fee starting from £3.99 per month. The additional features provided by Plum include separate savings pockets, interest on savings and cashback offers. Plum also offers a 'Plus', 'Boost' and 'Max' account with additional features for those who are happy to pay the £3.99 to £14.99 monthly fee. Plum charges a management fee between 0.15% and 0.45%, compared to 0.25% charged by Quilter Invest. Those wishing to save and invest may prefer to look at Plum while those looking for simplicity and value may want to stick with Quilter Invest.

For a more comprehensive look at Plum, check out our independent Plum review.

Pros and Cons of Quilter Invest

Below we list the main pros and cons of investing with Quilter Invest.

Pros of Quilter Invest

• Invest from as little as £10
• Unlimited commission-free trading
• Fractional shares available across most account types

Cons of Quilter Invest

• £2 monthly subscription fee for some account options
• Slightly limited product choice (No Lifetime ISA)
• Foreign exchange (FX) fees apply to foreign stock trades
• Recently removed round-up feature

Summary

Quilter Invest* (previously known as Nuwealth/Wombat Invest) is an attractive proposition for those new to investing and those who prefer a streamlined product choice and a simplified setup process. It charges a relatively low management fee of 0.25% for its Stocks and Shares ISA, Junior ISA and General Investment Account and just 0.15% for its SIPP, which is among the lowest on the market. However, Quilter Invest also charges a £2 monthly fee on top of the platform fee which can add up in proportion to your investments particularly if you're not investing large amounts. A good alternative to explore if you're interested in ETFs is AJ Bell Dodl* which charges a low management fee of just 0.15% (minimum £1 per month). It offers a number of diversified ready-made portfolios in addition to shares and ETFs and most importantly, it doesn't charge a monthly subscription fee.

When investing, your capital is at risk and you may get back less than invested. Past performance doesn’t guarantee future results.

 

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