Why use an investment manager?

Managing money takes time, experience and specialist tools. If you apply a sensible cost to your time you might find that it would be cheaper to use a professional.

Here are some of the tasks needed to create and monitor a diversified portfolio:

  • Identify the best funds in each sector
  • Build a portfolio with the right risk profile
  • Keep track of changes at the funds
  • Rebalance regularly

In less than 5 seconds our calculator will show you a side by side comparison of selecting and monitoring a portfolio of funds yourself versus letting the EQ professionals do everything for you. The results will probably surprise you.

£
£
/hour
The minimum wage is currently £7.50/hour, and expected to rise to £9/hour by 2020. The typical cost of tradesmen is £50-£150/hour.

Compare the costs:

DIY EQ Managed
Low Cost Best Ideas
Setup (incl time) {{xoseq.totals.diy.setup | currency:'£'}} {{xoseq.totals.lc.setup | currency:'£'}} {{xoseq.totals.bi.setup | currency:'£'}}
Ongoing (incl time) {{xoseq.totals.diy.grandTotal | currency:'£'}} {{xoseq.totals.lc.grandTotal | currency:'£'}} {{xoseq.totals.bi.grandTotal | currency:'£'}}
Year 1 Total Cost {{xoseq.totals.diy.y1Total | currency:'£'}} {{xoseq.totals.lc.y1Total | currency:'£'}} {{xoseq.totals.bi.y1Total | currency:'£'}}
The year 1 costs of DIY will be {{xoseq.totals.lc.differenceAmount | currency:'£'}} {{xoseq.totals.lc.differenceText}} expensive than letting the EQ professionals manage your money using the Low Cost Portfolio and {{xoseq.totals.bi.differenceAmount | currency:'£'}} {{xoseq.totals.bi.differenceText}} expensive than the EQ Best Ideas Portfolio.

Detailed assumptions

diy   Simply EQ investment service

Portfolio setup time costs

Hours Frequency Cost Hours Frequency Low Cost Best Ideas
{{cost.desc}}{{cost.subDesc}} {{cost.diy.freq}} {{xoseq.getTimeCost(cost.diy) | currency:'£'}}   {{cost.seq.hours}} {{cost.seq.freq}} {{xoseq.getTimeCost(cost.seq)| currency:'£'}} {{xoseq.getTimeCost(cost.seq)| currency:'£'}}
Total set up time cost   {{xoseq.totals.diy.setup | currency:'£'}}     {{xoseq.totals.lc.setup | currency:'£'}} {{xoseq.totals.bi.setup | currency:'£'}}

Ongoing time costs

Hours Frequency Cost Hours Frequency Low Cost Best Ideas
Update personal risk profile {{xoseq.ongoingCosts.risk.freq}} {{xoseq.getTimeCost(xoseq.ongoingCosts.risk) | currency:'£'}} 0.25 Annual {{ 0.25 * xoseq.inputs.personalTimeValue | currency:'£'}} {{ 0.25 * xoseq.inputs.personalTimeValue | currency:'£'}}
Review funds {{xoseq.ongoingCosts.review.freq}} {{xoseq.getTimeCost(xoseq.ongoingCosts.review) | currency:'£'}}  
Rebalance allocations, check risk profile and style bias {{xoseq.ongoingCosts.rebalance.freq}} {{ xoseq.getTimeCost(xoseq.ongoingCosts.rebalance) | currency:'£'}}  
Total ongoing time cost   {{ xoseq.totals.diy.ongoing | currency:'£'}}   {{xoseq.totals.lc.ongoing | currency:'£'}} {{xoseq.totals.bi.ongoing | currency:'£'}}
Investment platform costs % £{{xoseq.inputs.platformCost * xoseq.inputs.portfolioSize * 0.01| number:2 }} EQ management fee {{ xoseq.getAnnualCost("low") | currency:'£'}} {{ xoseq.getAnnualCost("best") | currency:'£'}}
Total annual cost excluding fund charges   {{xoseq.totals.diy.grandTotal | currency:'£'}}   {{xoseq.totals.lc.grandTotal | currency:'£'}} {{xoseq.totals.bi.grandTotal | currency:'£'}}