Netwealth: Traditional wealth management and robo-advice in one service, but a high bar to entry at £50k

Netwealth may suit you if you're looking for more help than is typically available on the other platforms we review. Execution-only services provide you with the platform to execute your trade, but you'll need to be confident enough to choose your own investments and investment strategy. Netwealth provides a combination of the digital platform you need to carry out your trades, and both robo- and human advice to better help you build a successful investment strategy.

Of course, there is a price to pay for this advice and guidance, which means Netwealth doesn't fit into the low-cost category that execution-only platforms such as Vanguard, AJ Bell, Saxo and the some high street bank self-service investment options do. It's certainly cheaper than many traditional wealth management options, but if you compare it to other robo-advice firms such as Nutmeg, Wealthify and Moneyfarm, Netwealth tends to work out more expensive. You may feel it's a price worth paying, however, for the peace of mind and expert human guidance you are able to access with this platform.

One important point to note - Netwealth's advice is 'restricted' advice. That means it is limited to the products and services Netwealth offers. That is not the same as independent advice which can point you to any provider and product in the whole of the market.

There are just two types of asset available through Netwealth: passively managed funds, and ETFs. Both are low-cost options and both can help ensure you have a diversified portfolio with less concentrated risk, but it obviously means this won't be the place for you if you want to invest in individual stocks.

An initial investment level of £50,000 will rule Netwealth out for anyone just wanting to dip a toe in the markets, or build their ISA from scratch. But if you know anyone who is already a Netwealth customer, you can start an ISA with £5,000 instead.

This is not a service for all investors, but for those with large amounts to invest, who are looking for a high level of customer service, and professional advice that's there when you need it, Netwealth may be a good fit.